Book profits in Infosys, says Anil Manghnani

Book profits in Infosys, says Anil Manghnani, Modern Shares & Stock Brokers.

Manghnani told CNBC-TV18, "Infosys has bounced from Rs 2175 but around the Rs 2480-2500 mark there is a lot of retracement and even moving averages. So I would be surprised if it takes out Rs 2500 that easily. So I think if you bought closer to Rs 2200, maybe you start booking profits again because I think there will be another downside on the IT sector but more so not led by Infosys.