Yes Bank can move to Rs 318-320, says Rahul Mohindar, Director, viratechindia.com.
Mohindar told CNBC-TV18, "In Bajaj Auto I think what's going to happen is here we have seen a lot of big volume including today we have seen some really good volume accompanied by this move, but we have kind of stuck to these levels between Rs 1,500 to about Rs 1,400 for the last couple of weeks. So I think it's important to move out of Rs 1,520 on a closing basis to really come to some stronger upward conclusions. Again within two wheelers I would still like to go for Hero Motocorp on a technical basis. So at this point I would really not read too much into the move here."
He further added, "Yes Bank could probably move to Rs 318-320. So that 7-8% move is very likely here. So in Yes Bank would probably be the best bet followed by UCO Bank ."
