nifty metal index is on fibo level of .618. which is considered a good reversal level. market seems bullish by seeing budget . keep eyes on metals .
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25% nifty metal upmove. assume steel companies move so far.
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46% upmove in HINDALCO
21% upmove in JINDAL steel
10% upmove in JSW STEEL
24% upmove in SAIL
21% upmove in TATASTEEL
TOTAL 120% move in metal companies.
21% upmove in JINDAL steel
10% upmove in JSW STEEL
24% upmove in SAIL
21% upmove in TATASTEEL
TOTAL 120% move in metal companies.
12% Almost up move jindal steel.
9% almost upmove in JSW steel.
11% almost in tata steel.
7% almost upmove in Sail.
39% up move in 4 major companies of steel.