Book profits in ICICI Bank, says Kunj Bansal

Kunj Bansal of Centrum Wealth Management told CNBC-TV18, "In terms of SEBI's guidelines I don't have a ready view on ICICI Bank but purely from price pattern point of view for a trader it is certainly time to take profit off. If one has invested at a lower level, it is certainly time. Because what has happened is only the asset quality seems to have been postponed for the time being. As of now there is no clarity that the issue will be settled fully in favour of banks, it doesn't look like. So, it is a matter of time that these issue will come again," he said."Maybe there will be a market correction, then we will see the correction coming in again. Or some more news flow negative side, then we will see the correction again. So, for a trader it is clearly time to take the profits off the table," he said.