Crude stocks look bullish: Ashwani Gujral

Ashwani Gujral, Fund Manager, Ashwanigujral.com in a chat with ET Now gives his views on crude stocks.

ET Now: What is your take on crude stocks today?

Ashwani Gujral: Brent crude and NYMEX crude are also in a bullish crew. So if the entire rally is getting fuelled by printing of excess money, commodities will go up as stock markets move higher.

At some point, market will take cognizance of higher crude prices and markets all over the globe will correct. So we are probably heading back towards those heady levels of 135-140 maybe over a period of time. But, if the stock market rally continues, crude is likely to move higher and is looking as bullish as the stock market itself.