ITC is a good steady mover: Ashwani Gujral, Market Strategist

Ashwani Gujral, Chief Market Strategist, ashwanigujral.com, in a chat with ET Now talks about ITC and pharma stocks .

What do you do with the defensive lot the likes of pharma or FMCG at this point?

If you have to buy something, keep buying them. Sun Pharma corrected down to 460. That is finding some kind of support. ITC is a good steady mover probably results will be good as well and 165 is strong support. Keep getting into ITC.

These stocks will keep you safe even if the markets kind of cracked and on the upsides they would participate more than probably high beta stocks. So defensives and pharma, FMCG should continue to move higher.

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