Book profits in IT sector stocks: Gaurav Doshi

Gaurav Doshi, VP Equity Specialist, Morgan Stanley PWM in an interview with ET Now talks about his short sell candidates.

Is there anything which is a sure shot candidate purely on the basis of the valuations and the run up that they may have seen? Any sectors or individual stocks? Positive with the shorting outlook. Any thing that you would short sell?

I do not think this market is really positioned for people to aggressively short. I think long shorts out of a strategy or rotation strategies is more the need of the hour but having said that I think IT, FMCG, little bit of healthcare and selectively in the financial space there is definitely good opportunities to book profit, raise cash and look for better levels to re-enter.