Short YES Bank, Bank Nifty can fall 500-600 points: Ashwani Gujral

Name: Short YES Bank, Bank Nifty can fall 500-600 points: Ashwani Gujral
Uploaded: 2017-05-12T16:30:48+05:30
Description: Ashwani Gujral of ashwanigujral.com is of the view that one can short YES Bank while he feels that Bank Nifty can fall 500-600 points.

Ashwani Gujral of ashwanigujral.com is of the view that one can short YES Bank while he feels that Bank Nifty can fall 500-600 points.

May 12, 2017 / 16:42 IST

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "On Yes Bank unless something changes, its back has been broken. Even now it is a great short because a new paradigm is now opening from low NPAs and these are also moving into high NPAs. So, YES Bank, OBC, Bajaj Finserv, all kinds of financials, Axis Bank because if somebody has high NPA and now it is going to have even higher, State Bank of India, all these corporate lenders, the rally that they had, that is going to have a severe break."

"Going into next week you can carry your bank shorts because Bank Nifty itself looks like it could lose 500-600 points," he said.

first published: May 12, 2017 04:30 pm

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