Smartinvestor : The markets have given up most of their morning gains by now. What are the key Nifty levels you are keeping a tab on?
Gaurav Ratnaparkhi : Nifty is near completion of the pullback rally. The same will be confirmed once 5840 is broken. Till then Nifty can make one more attempt to retest the high of 5925
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Smartinvestor : Should one increase allocation to defensives now? Are there any stocks that you would like to suggest in this space based on chart patterns?
Gaurav Ratnaparkhi : Among defensive sectors Pharma stocks do not look attractive, infact they are poised for a correction. FMCG stocks like Tata Global, Jubilant food, Marico are showing upside potential
Smartinvestor : What about HUL, ITC and Dabur?
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