Book profits in Aftek: VK Sharma

Published on Fri, Sep 14, 2007 at 11:43 |  Source : Moneycontrol.com

Updated at Fri, Sep 14, 2007 at 14:23  

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VK Sharma, ,, Anagram Stock Broking

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VK Sharma of Anagram Stock Broking is of the view that one can book profits in Aftek .

Sharma told CNBC-TV18, "Aftek is frozen on their upward circuit; 20% on the second day running. I think the market knows something, which we do not know but technically speaking there was a huge breakout yesterday and this breakout has also happened with a largecap. So when this 20% plus happens on a upward gap it might be logical for investors to book profits now or put a stoploss five paise lower than the current levels, it will be a stoploss trigger and the stock could retrace those steps back to around Rs 75 where it is expected to close the gap."

  

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