Get in ITC and GSK Consumer , says Anu Jain, Sr Vice President - IIFL Private Wealth Management.
Jain told CNBC-TV18, "ITC is correcting slightly and coming closer to those Rs 200-198 levels where it will find support or for that matter even the GSK Consumer, we were talking about, so having hit a Rs 2600 plus kind of level coming down to Rs 2470. I think these are all basically amount of profit talking because of the kind of moves the market is showing. So people try to rein in their profits. But the whole objective is that if we are looking at points to into stronger stocks then these are levels to get into because they will otherwise not give and opportunity."
He further added, "IT I think is not just the strongest sector but it's like a place to hide in. So whether it's TCS at current prices or HCL Tech are looking decent to get into at these levels. I would say the FMCG counter is relatively stronger and I would probably look at whether it's ITC or GSK Consumer to make these as entry points."
