The long and medium-term outlook remains negative for the stock of YES Bank (₹94.1). Only a close above ₹163 will change the outlook to positive for the bank. However, in the short term, the stock may remain volatile with a positive bias, before taking a clear direction. A close below ₹86 will trigger a fresh downfall for the stock. If the current bullish momentum sustains, YES Bank could touch ₹128.
F&O pointers: YES Bank July futures added fresh long positions in the last few days. Option trading indicates a range of ₹80 to ₹120.
Event: YES Bank will announce ...
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