More downside likely on Orchid Chemicals: Ashwani Gujral, Market Strategist

Ashwani Gujral, Chief Market Strategist, ashwanigujral.com, in a chat with ET Now talks about Orchid Chemicals.

What is your take on Orchid Chemicals?

Orchid Chemical tends to have higher beta on the downside. So probably you will see more downside coming on Orchid and pharmas are looking weak. So it could get to levels of 250, 250 is about the place where it will find support.