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Informist, Friday, Dec. 12, 2025 

MUMBAI – Metal stocks are expected to have bullish momentum next week as technical analysts said they have "broken out from the falling channel". The Nifty Metal index is witnessing a breakout and a fresh round of buying is expected in the coming week. Analysts prefer steel companies more on the back of better valuations. However, some analysts see the delay in safeguard duty imposition on steel to put earnings under risk. 

"The price is trading well above both the 50-day and 200-day moving averages, which are positioned at 9661.54 and 8790.25, respectively, confirming an established bullish trend," Vikash Yadav, equity research head of Kedia Advisory, said.

Analysts expect the breakout to lead to a significant volume surge and buying interest. They pegged the immediate support at 9813.70 points while resistance is expected around 10800–11000 points. 

A fresh breakout of the Nifty Metal index from a double-bottom formation on daily charts indicates a fresh round of buying that might take it up to 10800 points in the coming week, with supports placed around the 10100-10000 zone, Vipin Kumaar, derivatives and technical analyst at Globe Capital Market, said.

"Three months back, we preferred non-ferrous over ferrous. But right now, considering how the valuations are running, we prefer the steel pack more", an analyst tracking metals and mining at YES Securities India said. Kotak Institutional Equities remain constructive on the sector from a medium- to long-term perspective despite the near-term earnings risk.

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* JSW Steel Nov consol crude steel output rises 5% on year to 2.44 mln tn
* Godawari Power starts commercial ops at Raipur iron ore palletisation plant
* Jayaswal Neco board OKs raising up to INR 18 bln via NCDs
* Shyam Metalics stainless steel sales rise 7.5% on year to 6,518 tn in Nov
* Govt moves SC vs HC allowing Vedanta, arm to recover costs in oil field case

Following are the resistance and support levels for the stocks for next week as per calculations by Informist based on their prices on the National Stock Exchange:

End

Reported by Arundathi A R

Edited by Deepshikha Bhardwaj

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