Sell Yes Bank, says Arunesh Madan

Sell Yes Bank, says Arunesh Madan, Founder and Director of Augment Investment.

Madan told CNBC-TV18, "Yes Bank has seen a very string a counter trend rally. We would like to use this strength in a stock as an opportunity to create short positions. Sell the stock closer to a level of Rs 283 with a stop above Rs 290 and look for a target of Rs 250 in coming days. This is a positional sell call."