Bearish on metal stocks: Ashwani Gujral

In a chat with ET Now, Ashwani Gujral, Chief Market Strategist, ashwanigujral.com talks about market outlook.

You track crude, any of the other commodities that you track?

It seem that the precious metals are ready to go through a correction. So those commodities could decline further. Crude still as long as it holds up 87-88, it still continues to be in an uptrend but overall we could see some downside in precious metals at least and we have seen copper also come down. So maybe the metal stocks could take some beating today.

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