MCX Metals Market Report: 28th July 2021

By: Admin
44089

Insignia Consultants

New Delhi

Wednesday, July 28, 2021 TIME 9:54 AM IST                                 

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MCX Metals Market Update for 28th July 2021

MCX Bulldex August Daily Technical View (current market price: 14503.00)

  1. Bulldex needs to trade over 14454 to be in an intraday bullish zone and rise to 14592 and 14709.
  2. Bulldex will crash if it trades below 14454 to 14360 and 14196.
  3. I prefer to Buy Bulldex August if it trades over 14554 stop loss 14496 for 14619, 16697.

MCX Metldex August Daily Technical View (Current Market Price: 15922.00)

  1. Key resistance is at 16025. There will be a technical breakout if Metldex breaks and trades over 16025 to 16167 and 16466.
  2. Intraday bearish trend will be there only if metldex trades below 15859 to 15754 and 15495.
  3. One can buy MCX Metldex on a break of 16020 stop loss 15966 for 16200 and 16320.

MCX Natural Gas August Daily Technical View (Current Market Price: 292.00)

  1. MCX Natural Gas August needs to trade over 294.60 to be in an intraday bullish zone and rise to 298.30 and 306.10.
  2. Natural gas will crash only if it trades below 289.20 to 286.10 and 274.40.

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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