Metals can be tactical trade for next few months: Aman Chowhan

economictimes.indiatimes.com:

"Chemicals is one space which is underrated right now because clearly we are seeing earnings headwinds, we are seeing margin pressures because China's supply has opened up so that is also something for the next three to six months one should be very watchful," says Aman Chowhan, Abakkus Asset Management.So, financial seems to be the consensus trade that you are talking about. But which is the most underrated sector, you would say, is that technology? Technology, yes but at the same time stocks have not corrected the way the results have been, the way the Infosys revised guidance, there has not been much impact on the stock price.

So, I think there is another one or two quarters before which people start looking at technology. Chemicals is one space which is underrated right now because clearly we are seeing earnings headwinds, we are seeing margin pressures because China's supply has opened up so that is also something for the next three to six months one should be very watchful.

Do not jump in right away but there will be an appropriate time to look at the chemical sector also. So, both these sectors right now are being, you can say, not ignored but not the market favourites but in the next two to three quarters they can get interesting.So, let me divide my next question in perhaps three parts. First, for next three to five years, what to your mind is the big trend? For example, buying into railways and defence was a big trend, that is part one of my question. Part two of my question, what to your mind could be a tactical trade right now? For example, it could be metals, it could be autos, it could be chemicals. And third part of my question is that where do you see market right now just over believing in that trend,