MCX Bulldex & Metldex Daily Report for 19th November 2020

Insignia Consultants

New Delhi

Thursday, November 19, 2020

TIME 5:43 PM IST

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MCX Bulldex and MCX Metldex Daily view

METLDEX 21st December   2020 future: (previous day close/CMP Rs.12995.00)

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

Support: 12833 Resistance: 12973, 13080

View: METLDEX has to trade over 12833 to rise to 13080. METLDEX will crash only if it trades below 12833

BULLDEX 25TH November  2020 future: (previous day close/CMP Rs.15390.00)

Bulldex is at holding at the edge of a cliff. A slight 100 pips fall will trigger a massive crash.

Support: 15160-15303 Resistance: 15461 and 15616.

View: Bulldex trend has to trade over 15160-15200 zone toll future close to rise to 15656 and 15912. Big crash will be there if Bulldex trades below 15160.

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

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