MCX Metals Market Report: 26th July 2021

By: Admin
45715

Insignia Consultants

New Delhi

Monday, July 26, 2021 TIME 13:25 PM IST                                     

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MCX Metals Market Update for 26th July 2021

MCX Bulldex July Daily Technical View (current market price: 14579.00)

  • Bulldex needs to trade over 14459 to rise to 14658 and 14712.
  • Intraday bearish trend will be there only if bulldex trades below 14459 to 14310.
  • I prefer to buy bullex july on a break of 14631 stop loss 14576 for 14712 and 14846.

MCX Metldex August Daily Technical View (Current Market Price: 15779.00)

  • Metldex needs to trade over 15563 to rise to 16025.
  • Intraday bearish trend will be there only if metldex does not initial resistance of 15859 to 15471.
  • I prefer to buy metldex on a break of 15859 stop loss 15812 for 16036.

Ratio traders can sell metldex and buy bullex. Current ratio is 1.017. Stop loss 1.0145 for target 0.9925

MCX Lead August Daily Technical View (Current Market Price: 177.35)

  • MCX Lead August needs to trade over 176.70 to rise to 178.90 and 180.40.
  • There will be a sellers only if lead trades below 176.70 to 175.30 and 174.10.
  • I prefer to buy lead august at 176.10 stop loss 175.30 for 179.10.

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. Customer care, whatsapp/telegram 9311139549

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. A

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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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