MCX Report and MCX Trading calls for 26th October 2021

By: Admin
21914

Insignia Consultants

New Delhi

Tuesday, October 26, 2021

TIME 8:05 AM IST                                  

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MCX DAILY REPORT

Natural gas, gold and silver is very bullish. Rest are in a neutral zone to bullish zone as well

Pre mcx open Trading Calls for 26th October

Gold December: Buy only if gold trades over 48450 today stop loss 48366 for 48766 and 49065.

Silver December: Buy silver 5kg mini open price stop loss 65600 for 67260 – buy silver 30kg at 65700 stop loss 65420 for 66960.

Copper November: Buy at 758.00 stop loss 755.90 for 778.00 or buy if copper trades over 770.00 after 1:40pm stop loss 768.40 for 778.00

Nickel November: Buy open price stop loss 1548.80 for 1619.30 (risk call).

Natural Gas November: Buy open price stop loss 439.50 for 481.20 and 506.60

Gold December 2021: (previous day close/CMP Rs.48200.00)

Daily Support/Resistance: 47720 & 48426, 48792

INTRADAY VIEW: (a) Gold can rise to 48679 and 49159 today as long as it trades over 47720. (b) There will be sellers only if gold trades below 47720.

Silver December 2021: (previous day close/CMP Rs.66139.00)

Daily Support/Resistance: 65224, 65707 & 6657

INTRADAY VIEW: (a) Silver has to trade over 65700-65800 zone to rise to 67053 and 67968 (b) There will be sell off only if silver trades below 65700.

Crude oil 18th November 2021: (previous day close/CMP Rs.6311.00)

Daily Support/Resistance: 6241 & 6424

INTRADAY VIEW: Crude oil has to trade over 6241 to rise to 6459 and 6607. (b) Crude oil will fall to 6241 today to 6163.

Natural gas 24th November 2021 (previous day close/CMP Rs.452.60):

Daily Support/Resistance: 423.80 & 510.10

INTRADAY VIEW:  (a) Ng can rise to 481.30 and 510.10 today as long as it trades over 423.80.

Copper 30th November 2021: (previous day close/CMP Rs.768.50)

Daily Support/Resistance: 763.40 & 771.60

INTRADAY VIEW: (a) Copper has to trade over 763.40 to rise to 775.20 and 781.80. (b) Copper will crash if it trades below 763.40 to 760.20 and 755.20.

Zinc 30th November 2021: (previous day close/CMP Rs.284.55)

Daily Support/Resistance: 279.50 & 289.60

INTRADAY VIEW: Zinc has to trade over 279.50 to rise to 295.10. (a) Zinc will crash if it trades below 279.50 till Friday.

Lead 30th November 2021: (previous day close/CMP Rs.187.80)

Daily Support/Resistance:  184.90 & 191.60

INTRADAY VIEW: Lead has to trade over 184.90 to rise to 191.60 and 195.30. (a) Lead will crash only if it trades below 184.90 to 180.30.

Nickel 30th November 2021: (previous day close/CMP Rs.1578.30):

Daily Support/Resistance: 1543.20 & 1613.30

INTRADAY VIEW: (a) Nickel has to trade over 1543.20 to rise to 1648.60. (b) Nickel will rise quickly if it manages to trade over 1594.80 today.

Aluminum 30th November 2021: (previous day close/CMP Rs.234.20):

Daily Support/Resistance: 231.90 & 238.90

INTRADAY VIEW: (a) Aluminum has to trade over 231.90 to rise to 238.90 and 243.70.

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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