MCX Bulldex Report for 16th September 2020

By: Admin
5 days ago
6266

Insignia Consultants

New Delhi

Wednesday, September 16, 2020

TIME 9:06 AM IST                       

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MCX Bulldex Report

There will be very sharp two way price moves before the FOMC meet at 11:30pm. I expect MCX Bulldex to open with a big gap tomorrow due to FOMC. Keep on booking profit on all your trades.

September 2020 future: (previous day close/CMP Rs.16232.00)

Support: 16004-16079-16155

Resistance: 16291-16333-16442

View: MCX Bulldex needs to trade over 16155 to rise to 16367 and 16511. Sell off will be there only if Bulldex trades below 16155 to 16079 and 15935.

Buying Strategy: Buy at 16129 stop loss 15981 for 16367 and 16511 – call till tomorrow.

Selling Strategy: Sell only if bulledex trades below 16191 stop loss 16223 for 16155 and 16113.

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Disclaimer: Any opinions as to the commentary, market information, and future direction of prices of specific currencies, metals and commodities reflect the views of the individual analyst, In no event shall Insignia Consultants or its employees  have any liability for any losses incurred in connection with any decision made, action or inaction taken by any party in reliance upon the information provided in this material; or in any delays, inaccuracies, errors in, or omissions of Information. Nothing in this article is, or should be construed as, investment advice. All analyses used herein are subjective opinions of the author and should not be considered as specific investment advice. Investors/Traders must consider all relevant risk factors including their own personal financial situation before trading.Website www.insigniaconsultants.in. Prepared by Chintan Karnani

Disclosure: Members, employees, directors, clients and all other people associated with “Insignia consultants” do trade in MCX metals and energies. They may or may not have positions on the trading strategies mentioned in this report. They may also have open positions in MCX metals and energies futures in trading strategies other than those mentioned in this report.

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NOTES TO THE ABOVE REPORT

ALL VIEWS ARE INTRADAY UNLESS OTHERWISE SPECIFIED

PLEASE NOTE: HOLDS MEANS HOLDS ON DAILY CLOSING BASIS

PLEASE USE APPROPRIATE STOP LOSSES ON INTRA DAY TRADES TO LIMIT LOSSES.

ALL PRICES ARE IN INDIAN RUPEE UNLESS OTHERWISE SPECIFIED

APPROPRIATE STOP LOSSES PER LOT IN INDIAN RUPEEES ON THE TRADING CALLS GIVEN IN THIS REPORTTHE TIME GIVEN IN THE REPORT IS THE TIME OF COMPLETION OF REPORT

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