A shift to defensives like FMCG & pharma apparent: Rohit Srivastava

"19,450 is going to be the first hurdle that Nifty is facing. We are pretty close to that and once we get past that, we should head towards 19,700. Even in the Bank Nifty, we are very close to the 40-day average, which is around 43,680. We can go towards 43,800 or slightly higher. "

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