Buy YES Bank 800 Call, recommends Chandan Taparia

Chandan Taparia of Anand Rathi Securities told CNBC-TV18, "YES Bank has seen a strong rally in last couple of trading sessions. It has seen built up of long position by 8-10 percent and after the long consolidation of last many weeks, the stock is holding the gains above its multiple hurdle of Rs 790 zone. Because of that it may start the next leg of rally.""The stock looks quite promising at the current level, so I am recommending to buy 800 Call which trading near to Rs 21. I suggest to buy on a small decline, keep the stop loss of Rs 14 and I am expecting this counter to move towards Rs 33 levels. I am expecting the stock to head towards Rs 822-825 levels with the multiple support near to Rs 760 zone," he said.