MCX is given breakout on a larger time frame. MCX buy above 1401, CMP 1431. Target-1448, 1467, 1485,115,1537 SL below 1321 or 1355. As MCX breakouts on smaller timeframe also, you can take position at CMP. If it falls till 1400, then accumulate in triangle pattern. After that wait for target or SL. Novice trader, please keep your position size small.
Trade closed: target reached
⋅
Open gap down and triggers at 1401 as expected. High is 1436. 35 points is good points in intraday