Sell metals stocks on rally, says Baliga

Ambareesh Baliga of Edelweiss Financial Services advised selling metals stocks on every rally.

Baliga told CNBC-TV18, “I think metals seem to be on the bounce back and in case there is some sort of positive outcome from the iron ore mining case possibly then one could see some more upside.”
”However, overall there is pressure on metals and that will play out in the longer term. So, I would utilise this upside or the upside, which we see in the next few days to exit some of those stocks than to buy,” Baliga.