Avoid metal space: Bothra

Kunal Bothra, Sr Technical Analyst, LKP advises to avoid metal space at current levels.
 
Bothra told CNBC-TV18, “Metal counters, I would definitely avoid at this point. Sterlite Industries, Hindalco, Tata Steel they are more or less on a short trend or a down trend.”
 
He further added, “I would probably wait for a significant bottom to happen because two of the only sectors which are currently underperforming the market even on a day like today is auto and metal stocks. I would avoid these two sectors at this point trading on the long side.”