Bearish on commodity space: Sandeep Wagle

Sandeep Wagle, Founder & MD, APTART Technical Advisory Services, www.aptartindia.com, talks to ET now on various stocks.

Anything from the commodity space that you are keeping an eye out for?

I am very bearish on the commodity space though a bounce back from this over sold levels cannot be ruled out. As I said I have a sell in Sterlite and that looks to me the weakest. If you see the weekly and monthly patterns I do not see Sterlite crossing 145 or so.

At a current level of 133 I may not sell it but somewhere around 130 to 135 that is a good selling area and I see levels sub 100 so that is my view on the commodity space and most of the stocks will follow suit. So at this point there is no point bottom fishing is what my view is.