GOLDEN RULES FOR TRADING

Metal Stocks Outlook For The Week – 20 To 24.11.2017

Metal Stocks Outlook For The Week – 20 To 24.11.2017

Click here for Hourly Trend Update

             Equity Cash/Futures/Options Segment 

Metal Stocks Outlook For The Week – 20 To 24.11.2017

Stocks of metal and mining companies may snap their two-week losing streak next week as view for the broader market turned upbeat after Moody's Investors Service upgraded the country's sovereign rating yesterday. This upgrade in rating is expected to strengthen inflows from foreign institutional investors and may lift the Nifty 50 and Sensex to lifetime highs. Some of these inflows are expected in the metal sector as well. The Nifty Metal index has been ending lower on a weekly basis for three weeks in a row, with losses steadily rising to over 2% this week metal companies' stocks fell 1-5% during the week. Stocks of Seen negative next week on price concerns Steel Authority of India, which rose 45% in October and have been consolidating since the start of this month, are likely to resume their positive trend.

Source : Cogencis Information Services Ltd.

 Free Intraday Tips : Join Our Whatsapp No : 9841986753
  Free Commodity Tips : Join our Whatsapp No : 9094047040
Posted by