Yes Bank next support is around 50-60 odd levels: Mr. Mustafa Nadeem - Epic Research

The stock is seeing aggressively bearish momentum. The stock had some important support that was around 125-ish levels. But the kind of bearishness with higher volumes makes it clear that there is no smart money in this, in fact, maybe people are exiting this stock for a while now. The stock is now all set to be in a double-digit while below 95 on a closing basis the next support is seen around 50-60 odd levels. We believe one should not get trapped in this stock in the name of a value buy.

Shares of YES BANK LTD. was last trading in BSE at Rs.100.85 as compared to the previous close of Rs. 109.15. The total number of shares traded during the day was 9194093 in over 43358 trades.

The stock hit an intraday high of Rs. 108.5 and intraday low of 99.9. The net turnover during the day was Rs. 944166225.

Source : Equity Bulls

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