Short Hindalco, SAIL, says Ajit Surana

Short Hindalco Industries and SAIL, says Ajit Surana, Dimensional Securities. Surana told CNBC-TV18, "We are negative on the commodities given the huge over capacities globally. The inventory levels have gone up in Aluminium and to a large extent they have doubled on LME. So we have turned negative in Hindalco, we are fairly positive at lower levels.” He further added, “Our worry is the China factor given the huge capacities there. So we are negative on Hindalco and SAIL and recommending to short the futures.”