MCX Bulldex Report for 11th September 2020

Insignia Consultants

New Delhi

Friday, September 11, 2020

TIME 9:30 AM IST                       

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MCX Bulldex Report

Enjoy the sharp two way price moves in MCX Bulldex, This is a day traders paradise. Just reduce your profit expectation till next week. It will be a technical trade today. Low risk traders do not leave any open position for next week.

September 2020 future: (previous day close/CMP Rs.16085.00)

Support: 15877-15961-16037

Resistance: 16145-16311-16495

View: MCX Bulldex needs to trade over 15961 today to rise to 16311 and 16495. MCX bulldex will crash only if it trades below 15961.

Buying Strategy: Buy at 15877 stop loss 15786 for 16495 – call till next week

Jobbers buy on a break 16100 stop loss 16053 for 16197 and 16311.

Selling Strategy: Sell only if MCX bulldex trades below 16053 stop loss 16096 for 15996 and 15951.

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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