Gaurang Shah, Asst VP at Geojit BNP Paribas Financial Services says that Nifty is unlikely to sustain at higher levels and is likely to trade between 4,765 – 4,920 levels. On Q3 earnings, he feels that banking, aviation, real estate, power, telecom and infra sector companies will deliver disappointing earnings, which will impact the markets negatively. However, he is positive on FMCG, pharma and consumption related stocks and advises investors to buy Infosys, Axis Bank, ICICI Bank, ONGC and Cairn India stocks.
