Metal index tops the rank of worst performers in Feb, rebound may not hold

Hindustan Copper and Vedanta may fall up to 19 per cent due to their weak chart structures.

Nifty metal index tops the lists of worst performers in February by falling over 18.50 per cent.  The index is followed by Nifty media index, which tumbled 10.20 per cent. While metal stocks exhibited a smart rebound on Wednesday, with Jindal Steel & Power and Hindustan Zinc soaring over 3 per cent, the question is whether this recovery in metals stock will continue to see higher levels.

The overall trend in the broad market has remained subdued, but weakness in metal stocks has added fuel to the fire. In February, Shares of Hindustan Copper plunged 21 per cent, while Vedanta and