MCX METLDEX Report for 26th October 2020

By: Admin
23240

Insignia Consultants

New Delhi

Monday, October 26, 2020

TIME 3:11 PM IST

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MCX METLDEX REPORT

November 2020 future: (previous day close/CMP Rs.12338.00)

There will be small phases of one way price moves in MCX METLDEX followed by long periods of consolidation.

Support: 12256 Resistance: 12421.

View: METLDEX needs to trade over 12256 today to rise to 12538. MCX METLDEX will crash only if it trades below 12256 to 12162 and 12090.

Buying Strategy: (a) Buy at 12162 stop loss 12045 for 12609.00 (call till tomorrow)

Selling Strategy: Sell metldex only if it trades below 12305 stop loss 12367 for 12233 and 12162.

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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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