MCX
Stock has been facing resistance from trendline; also on Weekly chart stock has failed to cross RSI 60 for past 18 months;
If market sentiments remain week tomorrow as NIFTY is also facing resistance at 11,400. MCX should see a sharp fall SL 890 - 1st target 846
Risk - 1) News on merger with NSE 2) MCX has been showing strong volume so quaterly results were strong. SL should be tight in case of breakout
If market sentiments remain week tomorrow as NIFTY is also facing resistance at 11,400. MCX should see a sharp fall SL 890 - 1st target 846
Risk - 1) News on merger with NSE 2) MCX has been showing strong volume so quaterly results were strong. SL should be tight in case of breakout
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