Abhijit Paul of Alphative Advisors LLP told CNBC-TV18, "FMCG large caps are definitely showing signs of weakness extending from a short call on Hindustan Unilever last week, ITC is one stock which has shown that, it is not going to match the kind of moves that the market has given over the last four-five days. So I sense that the weakness for ITC is here to stay and the prices are very much likely to drift further down."
"From a short-term point of view Rs 300-305 is very much the support that the stock is likely to test. In that case one can use a stoploss in the range of Rs 330-335," he said.
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