The sensex finally broke out from small movements on Wednesday, 29th. Whether the volatility will continue is to be seen as the Dec futures series comes to an end now. The consolidating behaviour was observed since the holiday season. But the upward trend may have started now.
On the individual sector side, the metals look promising due to rising commodity prices.
Sesa goa, and Hindalco did better on breakouts
Another stock in this sector which looks attractive is Tata Steel.
A bullish Cup and Handle formation is seen from the data of the past fiscal,
A breakout will be confirmed if the prices cross 675 - 680.
Refer to the chart for the specific targets. Note that the call is medium term.
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