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Umang Bhutada

4th Aug · SEBI-Registered Analyst

MCX

MCX – Momentum Watch Important Levels: Support: ₹8,150 – ₹8,000 Resistance: ₹8,600 – ₹8,850 Structure: Strong bullish trend with healthy consolidation Business: India's largest commodity derivatives exchange. Benefits from higher commodity trading volumes and increased market participation. Asset-light, high operating leverage business. Earnings / Trigger: MCX is scheduled to report Q1 FY27 earnings today, making it one of the most closely watched capital-market stocks. Verdict: 👉 Capital markets leader 👉 Watch for continuation of momentum on strong earnings

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