MCX INDEX FUTURES DAILY REPORT (Bulldex, Metldex and Energydex) for 2nd December 2021

Insignia Consultants

New Delhi

Thursday, December 2, 2021 , 2021 TIME 1:22 PM IST                                   

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

Bearish technical is there for Bulldex and Metldex  and Energydex. Trend in USA is key.

Bulldex 24th December 2021: (CMP Rs.13985.00) Daily Support/Resistance: 13770 & 14110 INTRADAY VIEW: (a) Bulldex will crash if it trades below 13940 to 13770. Overall trend is down as long as Bulldex trades below 14110.

Metldex 22nd December 2021:  (CMP Rs.16570.00) Daily Support/Resistance: 16232, 16400 & 16723 INTRADAY VIEW: (a) Metldex can still rise to 16799 and 16982 as long as it trades over 16400. (b) Immediate trend is down as long as it trades below 16619.

Energydex 8th December 2021: (CMP Rs.5211.00) Daily Support/Resistance: 5157 & 5271 INTRADAY VIEW: Energydex has to trade over 5157 to rise to 5271 and 5434. There will be technical breakdown if it trades below 5157 to 5094 and 5031,

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

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