Is it a good idea to average Yes Bank at current level? Had bought at 160 then it moved to 270 and now crashed. Hence the question whether to average or just stay out and hold on for recovery. Can hold for 2-3 years.
**Hindujas, Cerberus Will Partner to Bid for Yes Bank Stake**
(Bloomberg) -- Hinduja Group Ltd. is partnering with private equity firm Cerberus Capital Management LP in seeking to pick up a stake in embattled Yes Bank Ltd., according to people familiar with the matter.
Trade Setup for Thursday: Top 15 things to know before Opening Bell Key support level for Nifty is placed at 12067.1, followed by 12008.3. If the index continues moving up, key resistance levels to watch out for are 12159.7 and 12193.5.