Stock update: YES Bank (Positional call)

About Yes bank:

Yes Bank is one of the Private banking Sector. YES BANK, India’s fourth largest private sector Bank, is a high quality, customer centric, service driven, private Indian Bank catering to the Future Businesses of India. Since its inception in 2004, YES BANK has fructified into a ‘“Full Service Commercial Bank” that has steadily built Corporate and Institutional Banking, Financial Markets, Investment Banking, Corporate Finance, Branch Banking, Business and Transaction Banking, and Wealth Management business lines across the country, and is well equipped to offer a range of products and services to corporate and retail customers.

YES BANK has a widespread branch network of over 630 branches across 375 cities, with 1150+ ATMs across all 29 states and & Union Territories in India.

 BSE Code for Yes bank is  532648 and the NSE Code is YESBANK.

RBI Policy:

The Reserve Bank of India (RBI) yesterday decided to leave interest rates unchanged when it met for a bi-monthly review . Hence all banks may cut their base rates. The country’s largest lender SBI, has reduced its base rate by 15 basis points (bps) just hours after Reserve Bank of India (RBI) nudged banks to cut rates while leaving the policy rate unchanged SBI is the first major bank to cut its base rate. So we are expecting the some rate cut from Yes bank as well.

Expected movement for this Month:

Buy: 

Yes Bank is also strongest and good stock in banking sector like HDFC bank.we can buy this Yes bank stock when Yes bank Equity crosses 850.93 level. so my first target is 860.60 and second target is 863.13. Finally my exit target for this month Buy is 868.03.So small investor can buy the 850 call option when it reaches 850 level. For Big investor can buy Yes bank future at when yes bank equity crosses 850 level.

Short:

According to last month high and low, we can short this stock when it crosses 841.23. So my first target is 831.51, second target is 829.19 and exit target for short is 824.40.we can short the yes bank future at 841 level. Please find the below table.