Parag Doctor, Head - Trading Strategies of Keynote Capital's told CNBC-TV18, "Polaris Financial Technology has been trading in a very narrow band. Support is coming in at around Rs 100 to Rs 105 levels and resistance exists between Rs 120 and Rs 125. Anyway close to Rs 120 would be a good point to exit."
"Generally in these midcap stocks, one has sharp rallies, single day rallies and then it goes into a quiet period, so it is best to space out the exit and gradually reduce positions. We advice to switch to the largecap IT names like Tata Consultancy Services, HCL Technologies or even Tech Mahindra for that matter," he said.
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