Thursday, January 27, 2022 TIME 11:25 AM IST
MCX INDEX FUTURES DAILY REPORT (Bulldex, Metldex and Energydex)
Momentum is bullish for Energydex and Metldex. Neutral trend for Bulldex
Bulldex 23rd February 2022: (CMP Rs.14222.00) Daily Support/Resistance: 14106 & 14280 INTRADAY VIEW: (a) Bulldex has to trade over 14280 to in an intraday bullish zone and rise to 14380 and 14531. (b) There will be sellers on rise as long as Bulldex trades below 14280 to 14165, 14126 and 14091.
Metldex 17th February 2022: (CMP Rs.18180.00) Daily Support/Resistance: 18049 & 18335 INTRADAY VIEW: (a) Metldex has to trade over 18036 to be in a short term bullish zone and rise to 18335 and 18501. (b) Metldex will crash only if it trades below 18036 to 17818.
Energydex 9th February 2022: (CMP Rs.6505.00) Daily Support/Resistance: 6411 & 6588 INTRADAY VIEW: Energydex has to trade over 6456 to rise to 6588 and 6688. It will crash if it trades below 6456 to 6329 and 6211.
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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