MCX Bulldex, MCX Energydex and MCX Metldex Daily Report

Insignia Consultants

New Delhi

Friday, January 21, 2022 TIME 2:16 PM IST                          

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

One needs to remain on the sidelines in Bulldex, Metldex and Energydex today.

Bulldex 25th January 2022: (CMP Rs.14324.00) Daily Support/Resistance: 14238 & 14468 INTRADAY VIEW: (a) Bulldex has to trade over 14292 to rise to 14468 and 14566. (b) Bulldex will crash if it trades below 14292 to 14195 and 14009.

Metldex 17th February 2022:  (CMP Rs.18372.00) Daily Support/Resistance: 18282 & 18596 INTRADAY VIEW: (a) Metldex has to trade over 18394 to rise to 18658. (b) Metldex will crash only if it trades below 18394 today to 18282 and 18068.

Energydex 9th February 2022: (CMP Rs.6125.00) Daily Support/Resistance: 6069 & 6284 INTRADAY VIEW: Energydex trend is down as long as it trades below 6242 with 6069 and 5936 as price target.

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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