Book profits in Chambal Fertilisers: Bhambwani

Technical Analyst, Vijay Bhambwani is of the view that one can book profits in Chambal Fertilisers.

Bhambwani told CNBC-TV18, "This is a spill over of yesterday’s bullishness and I don’t think this kind of an upmove is sustainable on a cyclical counter like Chambal. I would advocate starting to profit book even at the current levels and not wait for any significant upmove from here. Rs 73-74 is something I would expect to encounter a whole of overhead supply coming in."