MCXBULLDEX is currently trading at 17350 which is a long term resistance zone (17300-17700) for it.
I'm expecting a profit booking in MCXBULLDEX from these level.
I'm creating short positions at CMP 17350 & will be adding more short positions if 17650-17700 comes & Hold with 18000 as SL.
I'm expecting minimum 1000 point fall from here & expecting 16400-16200 levels soon.
Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
Trade active
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CMP 17550 Adding more position here. Avg sell price now is 17450
Holding with 18000 SL for 16400-16200 Target.
Trade closed: stop reached
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Stop reached. Closed closed.
Bullion is rallying in different dimension. Better to stay away!