Multi Commodity Exchange Of India Ltd. Share Price

GOLD FUTURES: WILL THE YELLOW METAL DELIVER A DIWALI RALLY?

Gold is currently trading near ₹1,48,000 on the MCX daily chart, caught between a strong support zone of ₹1,40,000 and a major resistance zone of ₹1,64,000. Interestingly, gold has repeatedly bounced back from the ₹1,40,000 zone, indicating buying interest at lower levels. However, every approach towards ₹1,64,000 has attracted selling pressure, making this a crucial hurdle for the next major move. What to Expect Ahead? If gold sustains above ₹1,40,000 and crosses the ₹1,50,000–₹1,52,000 zone with strong buying momentum, a recovery towards higher levels could gain traction. A decisive breakout above ₹1,64,000 would strengthen the bullish outlook. However, if support at ₹1,40,000 breaks, further correction cannot be ruled out. My View: Gold is approaching an important technical decision zone. Repeated support bounces are encouraging, but a confirmed breakout is needed before expecting a strong rally this Diwali. Traders should watch price action closely instead of taking aggressive positions based only on seasonal expectations. Disclaimer: Market views are for educational purposes only. Investments and trading in securities and commodities are subject to market risks.

JEWELLERY STOCKS RALLY UP TO 17% ON FESTIVE DEMAND

MCX gains FPI access; trades at 55x trailing profit

Silver Futures Outlook: Can Silver Bounce Toward ₹300,000 ??

Based on the chart provided, Silver Futures on MCX is trading around ₹224,400, with a crucial support zone near ₹214,000. The broader chart structure indicates that silver has corrected significantly from its earlier peak and is now consolidating close to an important historical support area. A rebound toward ₹250,000–₹270,000, followed by ₹285,000–₹300,000, is technically possible if the ₹214,000 support holds and buying momentum strengthens. However, the recovery should be confirmed by price action, trading volume and supportive global macroeconomic conditions rather than assumed solely because the market is near support. Macro factors that could influence the rebound US dollar and Federal Reserve policy: Silver generally benefits when the US dollar weakens and expectations for interest-rate cuts increase. However, the latest market backdrop is challenging: on October 9, Reuters reported that precious metals were receiving support from a softer dollar and easing Treasury yields, while uncertainty about the Federal Reserve's future policy continued to influence sentiment. A renewed rise in yields or a stronger dollar could limit silver's recovery. Industrial demand and global growth: Silver is both a precious metal and an industrial commodity. Demand from electronics, electric vehicles, power infrastructure and data centres can provide longer-term support. Nevertheless, the Silver Institute's 2026 outlook anticipates weaker photovoltaic-related demand and lower industrial fabrication, partly offset by investment demand and technology-related consumption. Therefore, the industrial-demand argument is supportive over the longer term but is not an unconditional bullish signal for the immediate future.

MCX India holds a strong consolidation breakout setup!

MCX India holds a strong consolidation breakout setup Multi Commodity Exchange of India Limited (NSE: MCX) is consolidating within a broad ₹3,057–₹3,481 range, while technical indicators are beginning to favour a bullish breakout. Analysts have identified ₹3,340–₹3,370 as the accumulation zone and ₹3,610 as the short-term target. Why it matters MCX was quoted around ₹3,363 when the technical setup was published. The stock has repeatedly found support around its 50-day EMA, while the DI+ indicator has recently crossed above DI-, suggesting that buyers are gradually gaining control. The MCX/Nifty Capital Market Index relative-strength ratio is also rising, indicating that the stock has been outperforming its benchmark. The broader market backdrop is challenging, with crude oil above $100 and continued foreign selling putting pressure on Indian equities. That makes relative strength particularly important when selecting stocks to watch. My view MCX is interesting because it has not yet completed a decisive breakout from the ₹3,481 resistance zone. A close above that level with strong volume would provide a stronger confirmation of the next uptrend.

MCX – Technical Analysis, Support and Resistance

The stock