Sell YES Bank, advises Shubham Agarwal

Shubham Agarwal of Motilal Oswal Securities told CNBC-TV18, "YES Bank is placed quite well for a selling opportunity. If you look at movement there, Rs 780 was the level where it consolidated for a very long time and recently it has retested that level. Yesterday, we did see a pullback happening there. So, I expect that on a short-term scale Rs 690 is what we can look for. It is purely a trading call that we see on YES Bank and a stop loss can be kept at Rs 770 for this."At 09:45 hrs Yes Bank was quoting at Rs 751.30, up Rs 5.05, or 0.68 percent. It has touched an intraday high of Rs 751.95 and an intraday low of Rs 742.20.