Intraday Commodity Future: Sell MCXBULLDEX AUG

• August 20, 2021
• By BIPRO HALDAR
• 212 Views 388 comments

MCX or the Multi Commodity Exchange of India launched India’s first bullion index in August, called MCX iCOMDEX Bullion or Bulldex. To encourage active participation in its newly launched product, the exchange said that no transaction charges would be levied on Bulldex futures contracts up to 23 November. Bulldex has gold and silver as underlying, with gold having a weightage of 70.52 per cent and silver accounting for the remaining 29.48 per cent. It has a market lot size of 50, tick size of 1 and will be cash-settled.24. In a first, MCX, the largest commodity exchange in the country, on Monday, launched trading in bullion index futures on MCX iCOMDEX Bullion index or the MCXBULLDEX. … The lot size of the index is 50 lots. It means the profit and loss in Re 1 movement is Rs 5 . India’s First Bullion Index : At 1:50 pm, the MCX bulldex futures were trading at 16,253, up 4 points. Multi Commodity Exchange (MCX) launched the country’s first bullion index, Bulldex, on August 24 i.e. Monday. Bullions, viz. gold and silver are already being traded as individual commodities on the country’s premier commodity exchange and bulldex offers an additional option to the trading community

Script Name –MCXBULLDEX

Expire Date-AUG

Sell Price –14095-14105

Profit Target-13930

Stop Loss-14190

Call Duration-Intraday

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