Nifty to trade between 5,080-5,280: Gaurang Shah

On NDTV Profit, Gaurang Shah, assistant vice president, Geojit BNP Paribas Financial Services said that the Nifty will trade between 5,080-5,280. "The government needs to take steps to bring down inflation. There is a need of more clarity on the GAAR issue," he said adding that the rupee will go beyond 57 per dollar in next 14 days. For 12-16 months, he suggests buying SK Pharma, Tata steel, RIL, BPCL, Tata Motor, M&M, Bajaj Auto.