There has been a strong pickup of momentum in the FMCG, pharma and consumption stocks, considered defensive bets.

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Dalal Street week ahead: Nifty bound to consolidate now; stay aside for a while

The improvement of the Relative Strength Index of these sectors against the broader market may continue to improve in the coming week as well. We recommend staying light and approaching the market in an extremely cautious and stock-specific manner.

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