Trade in commodities for short-term gains: Avendus Capital

In a chat with ET Now, Girish Nadkarni, Executive Director, Avendus Capital Pvt. Ltd., shares his trading ideas.

What is the call on commodity stocks?

It is very difficult to predict commodity prices. Copper is at an all-time high and steel is mixed. If you were to look at a broader call for the year or for the next six months, commodities would continue to outperform, largely on the back of global liquidity. Therefore, you would see the momentum fairly intact for the rest of the year. It may not be a bad idea to trade commodities for a short-term swing.