Havells India a good bet in midcap space, says Sharma

Sharma told CNBC-TV18, "Havells India has got a positive chart. Even before the results came out it did managed to cross above Rs 570-Rs 575 strong resistance. It is looking good and after the results especially today it is getting reconfirmed. If one has to make a portfolio in the midcap space, Havells would be one of the top picks out there."

He further added, " Ranbaxy Laboratories is offering a good opportunity today and in technology space I like Infosys and HCL Technologies . But the true defensives were the FMCGs, both ITC and HUL , specifically ITC is looking quite negative. Maybe it won't fall much but now there is very little upside also there."