Dipesh Mehta of Nirmal Bang Securities told CNBC-TV18, "I think IT is in a zone where people should come in and book profits at any point of time. So, looking at the risk and reward ratio I would not recommend people to enter IT space."
"Instead I would recommend positional traders to book some amount of profits in IT. I can see profit booking coming in the whole of IT pack, around 7-8 percent in the September series," he said. Disclosure: My clients might have some positions in the stock discussed.
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