Pick Tata Metalliks, says Jai Bala

Jai Bala of cashthechaos.com told CNBC-TV18, "Metals are actually having a very big relief rally. I am treating the current move as a big relief rally rather than something beyond that. If you look at international markets on the commodity front, precious metals are starting to do very well and silver is outperforming gold. This is an indication of risk on in the market. Whenever silver outperforms gold that is a very clear indication that the markets risk on is coming on.""From metals point that is an important aspect that you need to take out and if you are looking at specific stocks, instead of frontline metal stocks in the commodity space you can look at something like Tata Metaliks, I think that is a doubler over the next 40-60 weeks," he added.