“Steellong at NCDEX has support at Rs 33200-300/mt”-Technical Analysts

Steel long at NCDEX has a techinal support of Rs 33200-300/ton for Jan expiry said technical analysts.

Steellong has jumped up sharply in last few days primarily due to hike in coal, iron ore and scrap prices with good volumes.

If it breaks level of Rs 33400/ ton then expect a steep correction said analysts.