Go short on rallies for metal stocks: Ashwani Gujral

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


What is your call on metal stocks?

Try to go short on all rallies. Given a call Sterlite could head up to levels of Rs 88. Tisco you will have small rallies towards 420 but chances are it will finally trade below 400. So most of the metals remain weak and they may hold up while the global markets are holding up but sooner or later they are likely to resume the sharp falls. Global commodities are now in bear markets so these stocks could take a further beating.