Havells India a good bet in midcap space, says Sharma

Havells India is a good bet in midcap space, says Technical Analyst, Salil 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."