METLDEX Trading Discussions

Traders Lounge
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A dedicated space for discussing METLDEX. Index details, intraday levels, trading ideas, support & resistance, F&O contracts, Open interest, etc. After all, it is India’s first Metal Index. Exchanging ideas, info, opinions only. Please make sure that you don’t encourage any tips or unsolicited advice here. Let’s keep it clean.

**Note **- MCX to launch it on 19th October 2020.

Descriptive VIdeo -

https://www.youtube.com/watch?v=PAgBUzZro90

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Thnx @tejas_khoday will it have options too ?

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Not right now Pavan. I spoke to MCX officials. They’ll consider launching options only after the futures contracts are a success. I have personally conveyed to them that introducing options will be great. Tomorrow I will be attending the MCX Advisory Committee panel meeting. Will give this feedback there as well.

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The composition and weightage of each individual commodity decided primarily by liquidity and price. 75% preference is apparently given to liquidity of the metals.

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How different is this from the MCX BULLDEX? Will the METALDEX comprise of other metals like Zinc and Copper too?

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Yes, So it’s going to comprise of Aluminium, Copper, Zinc, Lead and Nickel.

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Guys, So I just gave feedback to MCX management to reduce the lot sizes and introduce options segment but I guess it’s far fetched as of now.

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We just did a detailed video about the index. Make sure to watch it before you start trading. -

https://www.youtube.com/watch?v=PAgBUzZro90

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We have done a detailed video on the MCX iCOMDEX Base Metal Index futures. The index would be launched on 19th October 2020 and will be available for trading on our FYERS platform.

Things that we have covered in the video includes:

  • What is the index
  • What are its constituents
  • What are the weights of the constituents
  • How the index is calculated on normal trading days
  • How the index is calculated during the Rollover days
  • Contract specifications of the index
  • Benefits of trading in the index
  • Historical performance versus individual iCOMDEX base metal indices and the iCOMDEX bullion index

To watch the video, click

https://www.youtube.com/watch?v=PAgBUzZro90

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Historical performance of the MCX iCOMDEX Base Metals spot index since it came into inception on 31st December 2015 with a base value of 10000.

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MCX iCOMDEX Base Metal index has been on fire since going live this Monday. The index has gained 2.75% in less than three full sessions, boosted by a strong rally among base metals.

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MCX Base metal index rises to fresh 2020 high.

Since inception of the futures contract, the index is up over 6%.

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MCX Base metal index futures continues its steep uptrend.

Since inception and in just over a month, the index has risen nearly 12%!

Underpinning the index has been each of its member constituent, each of which has risen to 52-week highs.

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