“Nifty metals is an avoid. So, you can be okay, bullish with the rest of the markets, but these are the two sectors you need to avoid and I have been bullish on Nifty Pharma and Nifty FMCG. But everything is getting quite stretched and they are all getting to probably an exhaustion point. So be very selective and know where to not fish, that is more important than where to fish," says Jai Bala.
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