Nifty likely to be rangebound: Anil Manghnani
By Prashant R Nair | Published On: August 02, 2012 10:40 (IST) | Duration: 10 min, 10 sec
Anil Manghnani, Director, Modern Shares & Stock Brokers told NDTV Profit that the Nifty is likely to be rangebound. "On the downside, 5,060 is the support level for the Nifty. Avoid IT and metals currently. We are bullish on defensives like FMCG and high beta banking stocks," he added.