Yes Bank on 22nd June,2009

The two news from the business world of India about Yes Bank, will surely see some reaction from the market on 22nd june 2009, Monday.

The two news are:

As the Yes Bank seems promising by announcing the hiring of 900 new people and Yes Bank's entry into brokerage business. No company announce such things without a solid background. As Yes Bank have the capability to invest in brokerage firm. As I already said in my previous posts that Indian Banking industry not only rely on the Banking thing only, they are also looking for other beneficial areas to make themselves more strong.

Lets see how Yes Bank scripts going to react on 22nd June, 2009. I hope for a positive response from the market. Today on 19th June, 2009, its around 133, I hope it will rise more after todays rally.

My opinion: for 22nd June, 2009
Yes Bank
Current:133
Target 1:136
Target 2:140
Stop Loss:130

Comments

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