MCX Bulldex, MCX Energydex and MCX Metldex Daily Report

Insignia Consultants

New Delhi

Thursday, January 20, 2022 TIME 1:09 PM IST                                  

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

Bulldex is bullish. Metldex momentum is bullish but technically overbrought. Energydex is in a neutral zone.

Bulldex 25th January 2022: (CMP Rs.14343.00) Daily Support/Resistance: 14254 & 14463 INTRADAY VIEW: (a) Bulldex can rise to 14496 and 14604 today as long as it trades over 14254.

Metldex 17th February 2022:  (CMP Rs.18336.00) Daily Support/Resistance: 18239 & 18429 INTRADAY VIEW: (a) Metldex has to trade over 18239 to rise to 18630. (b) Metldex will crash only if it trades below 18239 today to 18165 and 17987.

Energydex 9th February 2022: (CMP Rs.6246.00) Daily Support/Resistance: 6200 & 6372 INTRADAY VIEW: Energydex has to trade over 6200 to rise to 6458. It will crash if it trades below 6200 to 6114 and 6056.

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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