MCX on a toughest consolidation zone

MCX showing some good support between 5400 and 5200; as per the earlier phase the MCX got a massive breakout at this area and moved swiftly, we can expect the same but the market condition is the key, and it can sustain for a while before getting into a beast mode. All the above conditions are valid only till the stock is not breaking 5217.

It will turn bearish below 5217 and it will head towards 4730 levels for support. Hoping the market should sustain at this levels and MCX should get some positive at this levels.

Tomorrow it can again try to come near the consolidated area where it should take support and move on the upside.

Key region to keep your eyes on MCX...