Prefer ITC: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "I am a little more upbeat on ITC and Hindustan Unilever (HUL), both of them or rather FMCG. My take on ITC is quite linked to my take on the Nifty. It doesn’t appear that the Nifty is beginning a new bull run. So, I don’t think ITC will also run up."

"The only point is there are relatively better places so these are safe havens – companies like ITC. If the Nifty falls perhaps they will not fall as much. ITC has already done its bit on the downside. So for somebody who is looking to park some money a little more safely, ITC is better," he added.