Metal stocks to become next favourite: Technical Trends

All of a sudden for traders, why has metals become such an attractive play?

Sudarshan Sukhani: It is a question of outperformance since real estate is out, IT is probably in a consolidation and the banks are not performing, that’s why I suspect metals has become the favourite sector to be in. Beyond that, we have all seen that worldwide metal prices are going up, so probably there is some synergy is there with why it is being favoured, that’s why the charts are also suggesting that it is likely to outperform.

From a strictly trading perspective, would you venture out, a Unitech, an HDIL or a DLF for example?

Sudarshan Sukhani: I would not because if the market goes up, okay but if it does not, they will get battered, I would avoid them.