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MCX Mini Futures Daily Report for 23rd March 2023

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Insignia Consultants

Thursday, March 23, 2023 TIME 3:30 PM IST

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MCX MINI FUTURES REPORT

Natural Gas Mini 25th April 2023: (CMP Rs.195.70) 

Support: 184.00 and 191.00

Resistance: 200.60 and 212.00

View:

  1. MCX Natural Mini April has to trade over Rs.191.00 to rise to Rs.203 and Rs.212.00.
  2. Trend after the release of US weekly natural gas inventories around at 8:00 pm is the key.
  3. NG Mini will crash/sell off only if it trades below Rs.187.00 after 8:00 pm and till days close at 11:30 pm. (after US weekly NG inventories.)
  4. Neutral trend.

(price in Indian Rupees above)

Aluminum Mini March 2023: (CMP Rs.203.35)

  1. Key Support:200.90 and 202.60
  2. Key Resistance: 204.00 and 206.60
  3. Aluminum Mini has to trade over 202.60 to rise to 205.00 and 206.60.
  4. Sellers will be there only if aluminum mini trades below 202.20 today.
  5. Neutral Intraday trend.

(prices in Indian Rupees above)

Disclaimer: Any opinions as to the commentary, market information, and future direction of prices of specific c3urrencies, 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

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.

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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