Metal counters has seen some significant gains over the past few week after a World Bank report noted that the global economy is likely to expand at 3.2% in 2014 as compared to 2.4% in 2013, with growth picking up in developing countries and high-income economies.
Thus far for the day, Hindalco is up 1.2% followed by SAIL and Hindustan Zinc adding 1.4% and 2.4% respectively.
On the other hand, Tata Steel, Sesa Sterlite, Jindal Steel and Coal India were down 0.1-1%.
So, is it the right time to buy any of these metal names?
Read on to know what Ravi Nathani, technical analyst, Nsetoday.com has to say on metal names and what are the levels to watch out on the Nifty in this series.
