The current market scenario for the Nifty Metal Index reveals a challenging landscape. Presently, the index stands at 6359.90, experiencing a noticeable downtrend in the near term as indicated by recent charts. Key support levels are expected to emerge around 6165 and 5890, underlining the significance of these price points in the current market dynamics.
Adding to the cautionary signals, technical indicators such as the Relative Strength Index (RSI) are reflecting a bearish momentum in the market. These observations necessitate a prudent approach for traders navigating this sector.
