PFC outperforming in markets

ET Now caught up with Devang Visaria, Chief Strategist, devangvisaria.com on his buy and sell recommendations for today.

Which would be the strongest position trade that you would initiate PFC starting off that one?

PFC is a good pack it has been outperforming in the markets for quite a while and looks likely to regain its lost lustre. It was one of the better performing stocks over the past three-four months so that is one of the better picks you could have possibly look at positional pick on PFC but markets have been just holding on to resistance levels of 5150-5180 and on the downside 5080-5100 just like a good support range so if you are Nifty trader no buying on dips to around 5080-5100 looks like a good bet right now.