Yesbank Intraday Consolidation

Aug 27, 2017

Yesbank is in consolidation in the area of 1700-1750. The recent fall of Yesbank is caused due to the fiasco of Trump and our North Korean Leader's threats which led NIFTY to fall.

Last Thursday, Bank NIFTY recovered with major strength dragging our main index but Yesbank didn't participate in this movement.

Also, the NSE Page of Security-wise Price Volume (nseindia.com/products/content/equities/equities/eq_security.htm) suggests that it is being accumulated at the levels of average price of 1734.

If we speak in terms of options, it will be awesome to sell Yesbank Sep 1700 PE which is trading at 42.95 or Yesbank Sep 1680 PE which is trading at 29.55

But, Yesbank Aug 1700 PE which is trading at 9.5 looks lucrative too.

Aug 27, 2017

Note

This trade has no stop-loss mentioned in case of futures trade; I shall manually update it. Wait for the long term view. Making another chart shortly.

Aug 28, 2017

Trade closed: target reached

Both of the targets are reached at one go. Thanks to the new on Doklam Stand off; Let's close it now and re-open again later on.