Gautam Y Trivedi, managing director and head of equities at Religare Capital Markets, is negative on the broader markets right now. Mr Trivedi, however, has not ruled out bounces seen over the last two days purely due to the oversold conditions prevailing at present. He says the trend is clearly lower and that he would be very selective going ahead, both sector-wise and stock-wise. He says he likes the pharma and FMCG spaces.
