Hindalco should retest 160-165 on the downside: Ashwani Gujral

Ashwani Gujral, Chief Market Strategist, ashwanigujral.com

What is your call on the metal space, in particular Hindalco?

Metals along with financials are leading this decline and Hindalco should retest 160-165 on the downside, and if this becomes like a rolling snow ball because once a crisis starts, we have seen like in 2008, it tends to become larger and larger. If this thing becomes larger, then metals would take a lot of beating from here, so given the way the crisis is spreading a contagion effect is coming in and we have a local slowdown. I think metals should have much more downside.