The stock markets have been on a roller coaster ride with the Nifty50 shedding gains it made after opening negatively on Tuesday. Around 11 am on Tuesday, the 50-share index was trading at 17,897.70, down almost 0.3 per cent after attaining an intraday high of 17,995.75.  

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Indices like the Nifty Auto and the Nifty FMCG were trading in the green. Analyst Nilesh Jain, Assistant Vice President (AVP), Equity Research Technical and Derivatives at Centrum Broking, is bullish on three sectors and recommended one stock from each sector for gains. Apart from auto and FMCG, Jain puts his bet on the pharmaceuticals sector as well. 

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The technical analyst picks Lupin Limited as stock from the pharma sector. It was trading at Rs 961.50 on the NSE around this time, up 0.3 per cent. It was recommended for a price target of Rs 1000 with a stop loss at Rs 945.  

Today, the Nifty Pharma was trading down 0.32 per cent on the intraday basis at 14,568.45. Around this time 9 shares advanced while 11 declined in the 20-share index. 

He had previously recommended Cipla Limited.  

In the FMCG (Fast Moving Consumer Goods) sector, he picked Colgate Palmolive (India) Limited (COLPAL) for a price target of Rs 1750 and a stop loss of Rs 1670. It was trading at Rs 1696.95, almost flat from the Monday closing price.  

He had previously recommended Hindustan Unilever Limited (HUL).   

(Disclaimer: The views/suggestions/advises expressed here in this article is solely by investment experts. Zee Business suggests its readers to consult with their investment advisers before making any financial decision.)