MCX Bulldex Report for 17th September 2020

By: Admin
41461

Insignia Consultants

New Delhi

Thursday, September 17, 2020

TIME 10:35 AM IST                     

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MCX Bulldex Report

Excerpts from yesterday’s bulldex report: I expect MCX Bulldex to open with a big gap tomorrow due to FOMC. ( bulls eye)

MCX Bulldex has opened with a lower gap in line with our expectations. Bulldex will be very volatile today till a trend is established. Bank of England meeting now is the key.

September 2020 future: (previous day close/CMP Rs.16090.00)

Support: 15772-15891-15937-16060

Resistance: 16146-16299-16386-16472

View: MCX Bulldex needs to trade over 15984 to rise to 16195 and 16367. Bulldex will crash if it trades below 15984 to 15935 and 15805.  

Buying Strategy: Buy at 15772 stop loss 15571 for 16472 – call till next week

Selling Strategy: Sell only if bulledex trades below 16060 stop loss 16146 for 15973 and 15897.

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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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