It is a thumb rule that one may start profit booking when the NIFTY PE levels reach 24-25 and P/B levels reach 3.5-4.
Now If in a scenario (For Eg), if the NIFTY PE is 26 and P/B is 3 (Either one of the above two conditions satisfy, and the other doesn’t). So still should one start profit booking. or lets say the NIFTY PE is 23.5 and P/B has crossed 3.5 mark ?