Devangshu Dutta, Consulting Editor of Outlook feels that Yes Bank looks bearish. So he advised selling the stock.
Dutta told CNBC-TV18, "Yes Bank is a high beta play on the Bank Nifty. The Bank Nifty looks bearish so does Yes Bank. The stock could have a downside target of about Rs 275 in the next 2 sessions. Keep a stoploss at around Rs 300 and go short. You can add to the position between Rs 284-287."
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
