YES Bank, Federal Bank, CSB Bank: How to trade these 3 buzzing banking stocks
Indian benchmark indices continued to move higher in the new year and settled higher on Thursday driven by the optimism over the Q3 results season by India Inc, starting next week. BSE Sensex soared 1,436.30 points, or 1.83 per cent, to end the session at 79,943.71. NSE’s Nifty50 zoomed 445.75 points, or 1.88 per cent, to settle at 24,188.65 for the day.
Some buzzing banking stocks including CSB Bank Ltd, Federal Bank Ltd and YES Bank Ltd are likely to remain under the spotlight of traders for the session today. Here is what Kushal Gandhi, Technical Analyst at StoxBox has to say on these stocks ahead of Friday’s trading session:
CSB Bank | Avoid | Resistance: Rs 336
The price action of CSB Bank has been under pressure from profit…
