indiamarketoutlook
Short

Yes Bank view: Bearish to sideways...!!!

NSE:YESBANK   YES BANK
Yes Bank
CMP 193.

Observations

- the stock has fallen more than 50% from the highs of 400 levels seen in Aug 2018

- in its attempts to pullback the stock is making lower tops on daily charts

Strategy

One may consider selling Yes Bank 200 Call option
Lot size 1750
CMP 6.6

At best, The strategy provides max 13.2% profit potential on margin amount of approx RS 87500.

Loss Risk is covered for a rise in stock up to 206.60.

Time period: 29 Nov 2018

Take care and safe trading...!!!
Comment: Yes Bank
CMP 195.50

At one point in morning trade the stock made a high of 203.85 up almost RS 11 from 193 levels. Correspondingly 200 Call option made a high of just 8.9

Now even when the stock is still trading higher at 195.50,
200 Call option is trading at 3.9 giving a profit of RS 4725/- per lot (1750*2.7) so far in the strategy.

This is precisely why we recommended a sell strategy using option (Profiting from the time value factor)

Take care and safe trading...!!!
Trade closed: target reached: Yes bank has made a low of 168.60 so far
CMP 169.60

Short positions taken earlier can be looked to close at current levels.

Take care and safe trading...!!!
New to market as per some suggestions, I bought futures 1lot at 200, is it good to hold or sell off monday morning.
Reply
@vishalkrv, derivatives analysis suggests, for the current expiry, 200-202 could potentially act as resistance.

support at 188-185 levels
Reply
@vishalkrv, as per derivatives analysis resistance building at 190 levels now and support is getting weaker
Reply
vishalkrv indiamarketoutlook
@indiamarketoutlook, Thanks i closed it earlier at 190.
Reply
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