MCX Mini Futures Daily Report for 15th March 2023

Insignia Consultants

Wednesday, March 15, 2023 TIME 1:38 PM IST

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MCX DAILY REPORT (MINI FUTURES)

One needs to remain on the sidelines today. Trend of NG after the release of US weekly crude oil inventories is the key.

Natural Gas Mini 25th April: (CMP Rs.226.50)

  1. Key Support:220.80 Key Resistance: 232.40, 239.60, 249.90
  2. Natural Gas Mini has to trade over 220.80 to rise to 239.60 and 249.90.
  3. Sellers will be there only if natural gas trades below 220.80.
  4. NG mini April future will crash in case it does not break 239.60 key resistance by tomorrow close.

(prices are in Indian Rupees above)

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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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