New Nifty highs unlikely; good time to book-out now: Baliga

The market saw major buying interest in the last couple hours of trade, but this is unlikely to result into any major rally, says independent market expert Ambareesh Baliga.

In an interview to CNBC-TV18, Baliga alongwith Mayuresh Joshi, Fund Manager - PMS, Angel Broking and Sudarshan Sukhani, s2analytics.com, shares his views on the market and select stocks.

Baliga believes the time is ripe for investors to book profits as no triggers are likely to come in the month of May. However, he sees steep corrections if the Nifty breaches the 8400 level.

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