Wednesday, November 17, 2021 TIME 2:44 PM IST
MCX INDEX FUTURES DAILY REPORT (Bulldex, Metldex and Energydex)
Intraday Technical are bearish for Metldex and Energydex and neutral for bulldex
Bulldex 24th November 2021: (CMP Rs.14747.00) Daily Support/Resistance: 14494, 14663 & 14938 INTRADAY VIEW: (a) Bulldex has to trade over 14732 to rise to 14938. (b) It will crash if it trades below 14732 to 14663, 14560 and 14494.
Metldex 18th November 2021: (CMP Rs.16423.00) Daily Support/Resistance: 16275,16352 & 16620 INTRADAY VIEW: (a) Metldex can fall to 16352, 16275 and 16089 as long as it trades below 16732. (b) Metldex needs to trade over 16732 till tomorrow to be in a bullish zone.
Energydex 8th December 2021: (CMP Rs.6183.00) Daily Support/Resistance: 6140 & 6255 INTRADAY VIEW: Energydex will crash if it trades below 6140 after the release of US weekly crude oil inventories at 9:00pm to 6111 and 6036. If metldex does not fall below 6140 then 6312 is target.
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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