MCX INDEX FUTURES DAILY REPORT (Bulldex, Metldex and Energydex) for 22nd November 2021

By: Admin
38516

Insignia Consultants

New Delhi

Monday, November 22, 2021  TIME 11:07 AM IST                            

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MCX INDEX FUTURES DAILY REPORT (Bulldex, Metldex and Energydex) 

Trend is neutral for Bulldex, Bullish for Metldex. There will be a technical breakdown if Energydex falls today or till Wednesday.

Bulldex 24th December 2021: (CMP Rs.14675.00) Daily Support/Resistance: 144559 & 14777 INTRADAY VIEW: (a) Bulldex has to trade over 14619 to rise to 14848 and 14984. (b) It will crash if it trades below 14559 till tomorrow to 14482 and 14347 and 14274.

Metldex 22nd December 2021:  (CMP Rs.16642.00) Daily Support/Resistance: 16534 & 16836 INTRADAY VIEW: (a) Metldex can rise to 17004 by Wednesday as long as it trades over 16500-16434 zone. (b) Metldex will crash only if it trades below 16534.

Energydex 8th December 2021: (CMP Rs.5936.00) Daily Support/Resistance: 5856 & 6053 INTRADAY VIEW: Energydex has to trade over 5856 to rise to 6113. There will be technical breakdown if it trades below 5856 to 5746 and 5698.

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

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