GOLDEN RULES FOR TRADING

Metal Stocks Outlook for the week – 07 to 11.09.2015

Metal Stocks Outlook for the week – 07 to 11.09.2015
  www.rupeedesk.in )

Some bounce back is expected in shares of major metal and mining companies in the next four-five sessions, despite a weak outlook for the sector in the long term. Some recovery would continue as stocks in the sector have already reached the oversold zone. CNX metal index is seen in a range, with some bounce back next week.

Concerns over economic slowdown in China--the largest producer and consumer of metals--have
continued to weigh on the metal sector. Weakness in global steel demand, oversupply of key raw
materials such as iron ore and coking coal are likely to keep global steel prices under pressure.