Why the Metal Index May Outperform Nifty 500
The stellar rally in Nifty from 17,500 to 19,400 levels has caught many investors off guard, but more importantly, there have been a lot of frequent sector rotations happening.
First, it was the banking stocks that rallied. They passed the baton to auto companies which made a decent comeback. IT stocks have been slightly struggling but there still have been a few pockets like Tech Mahindra.
Then there's healthcare stocks, Sun Pharma, Lupin, Divi's Lab, among others, that have continued the strong momentum.
I believe now it's time for metal stocks to stage a comeback. The charts indicate that there's a strong momentum coming into the Nifty metal index.
What do you think? Will metal stocks be the next big thing for investors? Most of the stocks from the Nifty metal index are already on a bullish run and trending higher.
Watch this video till the end to know more.
Warm regards,
Brijesh Bhatia
Research Analyst, Fast Profit Report
Equitymaster Agora Research Private Limited (Research Analyst)
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