Stay away from metal space: Amit Harchekar

Amit Harchekar of A PLUS Analytics told CNBC-TV18, "One should avoid metals at this point of time. Even if we look from the global perspective, dollar index is already given a strong breakout above Rs 82 zone and that is also likely to act as a dampener for most of these metal counters."

"We have already seen stocks like Jindal Steel & Power (JSPL) and Hindalco Industries broken multi-week support line. At this point of time since we are expecting a 10 percent correction in the broader market one should stay away from the metal pack," he said.