Sell InterGlobe Aviation; YES Bank looks good: Rajat Bose

Rajat Bose of rajatkbose.com told CNBC-TV18, "YES Bank looks pretty good. In fact I am looking at Rs 994 to about Rs 1,012. The level of Rs 994 is highly achievable, so I expect it to be tested early on, within the first couple of hours or so maybe and Rs 1,012 could take some time. Put a stop loss below Rs 966.80 since Rs 970 to Rs 967 is a support zone for the stock." "InterGlobe Aviation on March 18 started its intermediate uptrend after taking out the 13-day exponential moving average. On May 12 it actually breached that from above suggesting the termination of intermediate uptrend. Now there are dead crosses on the short-term moving averages as well as for the last four days and you see lower lows are being posted, lower highs and lower lows. It is in a clear downtrend, so probably it is going to go further down and test triple digits once again. So, my targets are Rs 1,005 and Rs 991," he said."I suggest selling at current level with a stop loss above Rs 1,050."