NSE:CNXMETAL   Nifty Metal Index
Before moving ahead, I would like to clear why I am posting these sector analysis instead of stock analysis is because for taking any trade I first look at broader market first, i.e. Nifty & BNF and its trend. Then I do sector analysis, for example sector which is trending or showing good momentum or support, and then do multiple TF analysis. Then I take a stock from the sector and trade accordingly in risk-defined manner.

Nifty Metals is constantly showing good demand from lower end of the box. Gave breakout closing above the box today after recovery. Above 9150, it can move more now.

Stocks from this sector I would choose to trade are Tata Steel, Hindalco, Nalco, NMDC, JSW Steel. All of them should show good momentum once the sector shows momentum and moves up.

Do your own analysis before trading. Only for educational purposes.

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