Date: 27th Feb 2017
Still awaiting the levels to go long, with indices taking a bit of breather - plus there is talk of SEBI allowing Mutual Funds to trade in commodities - this would mean more commissions for MCX, as the participation and the market depth would get better - allowing & attracting more traders and institutions.
Date: 18th Feb 2017
MCX - has been in a down trend since a week.
It's getting very close to good levels, from where the chances of reversing the trend are high.
The level at 1069 - 976 are strong buy zones.
The stock is also being accumulated since long now if you study the shareholding pattern properly.
The only commodity exchange with some sensible volumes which is listed.
The level at 1400 serves as a good target from above buy zones, lets observe how it will reach on coming closer to the levels of 1069 - 976.
Still awaiting the levels to go long, with indices taking a bit of breather - plus there is talk of SEBI allowing Mutual Funds to trade in commodities - this would mean more commissions for MCX, as the participation and the market depth would get better - allowing & attracting more traders and institutions.
Date: 18th Feb 2017
MCX - has been in a down trend since a week.
It's getting very close to good levels, from where the chances of reversing the trend are high.
The level at 1069 - 976 are strong buy zones.
The stock is also being accumulated since long now if you study the shareholding pattern properly.
The only commodity exchange with some sensible volumes which is listed.
The level at 1400 serves as a good target from above buy zones, lets observe how it will reach on coming closer to the levels of 1069 - 976.
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