There are higher possibility of the key sectors like banks, FMCG, IT, etc., continuing to relatively outperform or at least improve on their relative strength. While staying vigilant on existing profits, we recommend using trailing stop-loss to protect gains. A positive outlook is advised for the day.
From now on, while chasing the momentum, trailing stop losses and protection of profits at current and higher levels will be a must, says Milan Vaishnav.