MCX INDEX FUTURES DAILY REPORT (Bulldex, Metldex and Energydex) for 14th October 2021

Insignia Consultants

New Delhi

Thursday, October 14, 2021 TIME 12:20 PM IST                              

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

Bulldex October: Buy over 14336 stop loss 14184 for target 14487 and 14770 Metldex October: Buy at 17330 stop loss 17088  for 17836 (risk call)  Energydex November: Buy over 6478 stop loss 6448 for 6612 and 6800. (risk call)

Bulldex 25th October 2021: (CMP Rs.14284.00) Daily Support/Resistance: 14135 & 14378 INTRADAY VIEW: (a) Bulldex will see a technical breakout if it manages to break and trade pver 14378 to 14770. (b) Bulldex will crash if it trades below 14197 to 14128 and 13923.

Metldex 20th October 2021:  (CMP Rs.17335.00) Daily Support/Resistance: 17071 & 17475, 17861 INTRADAY VIEW: (a) Metldex has to trade over 17250 to rise to 17475 and 17836. (b) There will be a sell off if Metldex trades below 17252 to 17071 and 16790.

Energydex 9th November: (CMP Rs.6408.00) Daily Support/Resistance: 6319 & 6478 INTRADAY VIEW: Energydex has to trade over 6478 today to rise to 6612 and 6860. (a) Energydex will crash only if it trades below 6379.

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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