ITC, Britannia, Torrent, Abbott, Sanofi, Lupin better choices now

BY VISHAL WAGH
RESEARCH HEAD, BONANZA PORTFOLIO

What is in Store? A broader range for the market will be 7,040-10,250. In short, the Nifty may retest the current low, at the same time it has the potential to see sharp recovery and 9,000 can be tested easily. On the other hand, every fall of more than 7-8% in USD-INR has seen inflows in the Indian market historically. So, long-term investors may get a good opportunity to invest. For traders, there will be plenty of opportunities with low risk-reward ratio due to higher stop-loss.

What Should Investors Do? Sectors like Pharma and FMCG can be better choices. Stocks like ITC, Britannia, Torrent, Abbott, Sanofi and Lupin are technically in a better place. Abbott and Sanofi can be also be chosen for investment purposes. Banking, financial, metal and auto may see higher volatility. Investment in gold could give hedge against uncertainty.