Book profit in Balaji Telefilms at current level

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Book profit in Balaji Telefilms at current level

Technical Analyst, Sudarshan Sukhani is of the view that one should book profit in Balaji Telefilms at current level.

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Excerpts from Closing Bell on CNBC-TV18 Watch the full show » ALSO READ See previous views by Sudarshan Sukhani See what other Experts & Brokerages are saying about Balaji Telefilm See messages about Balaji Telefilm Balaji Telefilm BSE | NSE 28/05/12 Are Mutual Funds betting on Balaji Telefilm? Other Stocks in this news UTV Software Communications |

Technical Analyst, Sudarshan Sukhani is of the view that one should book profit in Balaji Telefilms at current level.

Sukhani told CNBC-TV18, "No, its not easy to say the volatility is indicating an end because even inside this high volatile environment Balaji Telefilms and UTV  can actually go up higher before finally completing that bull markets but what the investor should understand is that he can get caught in this volatility for the search for higher prices and whether he wants to go through that period of say duress."

He further added, "My suggestion would be that the tops are close by whether it is 20% higher or not that's irrelevant, investors must take profits at current levels and not worry about some higher moves, the volatility is indicating that this is not a good time to stay in the stock."