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Vinayak_Kulthe
May 5, 2023 3:20 AM

Nifty Metal - Underperforming sector  Long

Nifty Metal IndexNSE

Description

Nifty Metal index trading above 200 EMA. Looks good for upcomming days as almost all major sectors have recovered after the latest Downside rally. Vedl, Hindalco, JSWsteel and Jindalstel are stocks under focus. One can start investing with little portion after breaking 200 Ema and taking pullback.
Note - Fib Retracement levels will act as resistance levels.
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