Buy metal stocks on declines, says Ashwani Gujral

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "Definitely on declines, metal stocks remain buys. Now, that decline needs to end on these stocks because they have had heady rallies. However, definitely, if you have to buy something, it will probably be IT or these metal counters.""Also, on oil, you can include ONGC, Cairn India, etc because the oil stocks are also looking strong. So, on declines, maybe at a support level at around 8,100-8,120 these are the few stocks that you can get long on. Indraprastha Gas is also part of the commodity space," he said.