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Viewing report
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Alpha India LE – BSE Metals Special
Orpheus Capitals, March 2011, Pages: 5
BSE Metals special
We illustrated here the Jiseki ranking of the Indian Metals stocks along with the Jiseki cycles of BSE Metals. The cycles remain negative and suggest further minor downmove. A break sub previous minor lows would also give us further negative price confirmation. All of the stocks fall in the higher range of the rankings (above 50%) which strongly suggests further underperformance of the whole Metals sector. JSW Steel and Hindalco are the best (above 96%), followed by Jindal Steel at 90%.
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