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Tech view: Metal stocks set to rally further despite recent outperformance

Major metal stocks are not witnessing any selling pressure despite trading in the overbought category of RSI

Sail at new 52-week high, metal stocks are set to rise 10% in near future
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Avdhut Bagkar Mumbai
Metal and mining stocks are in no mood to lose their sheen despite an outperformance at the bourses over the paat two months. On Monday, the Nifty Metal index was ruling nearly a per cent higher on the National Stock Exchange (NSE), as against a 0.45 per cent decline in the Nifty50 index, and was the top gainer on the exchange.

Individually, Adani Enterprises, SAIL, National Aluminum Company (Nalco), APL Apollo Tubes, and Welspun Corp surged between 1.5 per cent and 5 per cent on the NSE while Ratnamani Metals and Tubes, MOIL, Tata Steel, Hindalco, and Vedanta gained up to

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