TradingSutra

METAL INDEX: Bullish

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NSE:CNXMETAL   Nifty Metal Index
METAL INDEX: Formation of HH HL on daily time frame. Bottom formation is done in metal index. We need to see impulsive price action to confirm for a new high as a continuation of the larger uptrend. Till then it is confirm that there should be a bounce at least in all metals. STOCKS TO WATCH: TATA STEEL (MY FAV.) , SAIL , HINDALCO , jindal steel is also about to turn, but there is a possibility of one more low

Manish Bhardwaj (CMT L-1)
Analyst & Co-Founder
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