MCX Bulldex & Metldex Daily Report for 18th November 2020

Insignia Consultants

New Delhi

Wednesday, November 18, 2020

TIME 1:00 PM IST

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MCX Bulldex and MCX Metldex Daily view

METLDEX 21st December   2020 future: (previous day close/CMP Rs.13000.00)

METLDEX will be very volatile. There will be very sharp two way price moves.

Support: 12703-127844 Resistance: 13049, 13183 and 13449

View: METLDEX faces a resistance at 13049. A break of 13049 will result in 13224 and 13449. Sellers will be there if METLDEX trades below 12844.

BULLDEX 25TH November  2020 future: (previous day close/CMP Rs.15557.00)

Bulldex if it falls today will crash .

Support: 15204-15447 Resistance: 15610 and 15763.

View: Bulldex trend is down as long as it trades below 15625 with 15447 and 15204 as price target, Bullex has to trade over 15625 today to be in intraday bullish zone.

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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