TECHNICAL ANALYSIS OF YESBANK 15 JAN 2016

LAST RECOMMENDATION GIVEN ON 13 JAN 2016:

WOCKPHARMA IS ON FIREEEEEEEEEEEEEE !!!!!!!!!!!!

IN BEARISH MOMENTUM : ZEEL HIT FIRST TGT 408 MADE LOW OF 407.20
THEN BULLS COMES IN ACTION AND ALMOST HIT FINAL TGT 425 & MADE HIGH OF 423

LOT SIZE: 1300

TOTAL INTRA DAY PROFIT: 28600 IN JUST TWO LOT

FUTURE TIP FOR 14 JAN 2016

FUTURE:

"BUY YESBANK  ABOVE 674 TGT 679/685 "

"SELL YESBANK BELOW 672 TGT 665/660 "

DAILY CHART FOR YESBANK:

YESBANK has actually given a pretty stellar performance, Rs 650 should be the stop loss, At least give more than 1 percent stop loss there and the targets would Rs 680 and Rs 700 initially. If that is crossed and taken out, Rs 675 to about Rs 700 could be likely as well because once the stock gets going, for it to climb up, say 4-5 percent is not a big deal as such. So Yes Bank looks good."

MARKET SUMMARY OF 14 JAN 2016

After staging a smart comeback on Wednesday, the Indian equity market was unable to carry the momentum forward. Overseas losses in US and Asian markets dragged indices to open with a gap down; the market did manage to stage a smart come back during the day after IT bellwether Infosys delivered a better than expected quarterly result.The Sensex opened at 24,606, touched an intra-day high of 25,018 and low of 24,473. It finally ended with a loss of 81 points at 24,773.The Nifty opened at 7,467 hitting a high of 7,605 and low of 7,444, before ending with a loss of 26 points at 7,537.  Infosys delivered a stronger than expected growth of 2% qoq in constant currency terms adjusting for one time revenue in the preceding quarter. Volume growth was strong at 3% qoq despite furloughs and challenges in some top clients. Annual constant currency growth stood at 12.5% surpassing TCS 10% in Q3 FY16 – this has happened after many years. Buoyed by a good performance in Q3, the company has raised full year dollar growth guidance to ~13% yoy in constant currency terms. Infosys is likely to continue to outperform the sector on the back of impressive growth recovery.”