After entering into a perfect growth stock with promising fundamentals, it becomes even more crucial to book your healthy gains before it washes away.
As for the global rally, it is more technical in nature than fundamental, and it has had a helping hand from China which has decided to go slow on devaluing its currency, says Pramod Gubbi, Director-Institutional Sales, Ambit Singapore.
Dinesh Kanabar, CEO, Dhruva Advisors explains that there are three kinds of FIIs: protected by double taxation avoidance treaty, no treaty but physical presence in India, and no treaty and no presence in India. So far notices have been sent only to the second category of investors.
Independent market expert Ambareesh Baliga believes the time is ripe for investors to book profits as no triggers are likely to come in the month of May
Ambit Capital is positive on the market in the long-term. Meanwhile, for the near-term, it recommends booking profits in defensive stocks like IT, pharma, FMCG, and banking.
Dealers in the market say that there were incremental sell orders are the institutional desk from the larger institutions in the over-owned sectors and stocks.
Milan Parekh of Action Financial Services lists out eight ways to avoid losing money in the stock market. He elaborates on making smart choices to adopt proper strategies and have good market knowledge.
Clients should take a cautious stance and stay invested in good quality sectors and names and selectively book profits, says Gautam Sinha Roy, VP - equity strategy & product, Motilal Oswal Securities Ltd.If one wants to trade this rally very aggressively, then one can look at high-beta names.
Alok Sama, president and founder, Baer Capital Partners tells CNBC-TV18 that it is good time to book profits.