Sector-wise, FMCG, IT and Pharma could see a weak trend. Here's Swait Hotkar, Technical Analyst at Nirmal Bang, recommending what to pick in this episode of Buy or Sell.
Bulls regained control of the market after reel under pressure from the weakening rupee, global cues and FII sell-off. The Nifty ended above the 10,250 level on October 29, and once it manages to cross 10,270, we can expect a pullback rally that can push the index to 10,500 levels. However, it is better to remain cautious on the index and avoid extremely long positions.
Sector-wise, see weak trend in FMCG, IT and Pharma. Swait Hotkar, Technical Analyst at Nirmal Bang, recommends 'sell' on Aurobindo Pharma and HDFC Bank.
Auro Pharma I Sell I Target Rs 650 I Stop Loss Rs 740
2.33 HDFC Bank I Sell I Target Rs 1900 I Stop Loss Rs 2010
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