Avoid financials, buy FMCG and Pharma: Ashwani Gujral

Ashwani Gujral, Chief Market Strategist, ashwanigujral.com, in a chat with ET Now, gives his views on various stocks.

Which sector or group of stocks to your mind could really lead the decline?

Financials have given that clear indication because they have broken down yesterday while Nifty will break down today. So, financials and global cyclicals would lead this decline along with metals and may be oil, so just try to keep away from these three sectors. FMCG is on the upside as it has already done its bit so it may not act as a big defensive but it will fall less than the rest. Pharma and FMCG types will keep you safe if the market heads lower.