Thursday, December 20, 2018

Wednesday, December 19, 2018

NSE Currency Futures Report : 20th December


Insignia Consultants
New Delhi
Thursday, December 20, 2018
TIME: 9:10 am IST
         
NSE CURRENCY FUTURES DAILY REPORT
FOMC is over. There was no new surprises. Bank of Japan meeting did not have any surprises. Central banks have played it safe in the volatile month of December. Rupee will trade with a softer bias as long as crude oil prices trade lower. There is a slight chance that rupee may have formed a short term bottom against the US dollar yesterday. If rupee rises against the US dollar today, then there will be short covering. December futures are closing next week. There will be position squaring and rebuilding for next month and next quarter.

US dollar-Indian Rupee 27th December 2018 future (usd/inr CMP 70.5850):
One Support: 70.4275
One Resistance: 70.7450
o      Quick rise will be there over 70.7450 to 70.9850 and 71.0850.
o      Small sell off will be there below 70.4275 and crash below 70.2125.
o      Day traders remain on the sidelines.
Euro/Indian Rupee 27th December 2018 Futures (Euro/inr CMP 80.4275):
One Support: 80.2125
One Resistance: 80.7925
o      Euro/inr can rise to 81.0025 by tomorrow as long as it trades over 80.2125.
o      Small sell off will be there below 80.2125.
o      I am bullish on euro/inr for the rest of the year.
UK Pound/Indian Rupee 27th December 2018 Futures (Gbp/inr CMP 89.1525):
One Support: 88.8725-89.0750
One Resistance: 89.5400
o      Key support is at 89.0050.
o      Gbp/inr needs to trade over 89.0050 to rise to 89.5450 and 89.9775.
o      Small sell off will be there only below 89.0050.
o      There can be very sharp two way moves.
Japanese Yen/Indian Rupee 27th December 2018 Futures (Jpy/inr CMP 62.8850):
One Support: 62.6050
One Resistance: 63.0975
o      Another wave of sell off will be there below 62.6050 to 62.4975 and 62.3375.
o      Overall trend is bullish as long as jpy/inr trades over 62.6050.
Disclaimer: Any opinions as to the commentary, market information, and future direction of prices of specific currencies, crypto currency, metals and commodities reflect the views of the individual analyst, In no event shall Insignia Consultants or its employees have any liability for any losses incurred in connection with any decision made, action or inaction taken by any party in reliance upon the information provided in this material; or in any delays, inaccuracies, errors in, or omissions of Information. Nothing in this article is, or should be construed as, investment advice. Prepared by Chintan Karnani
NOTES TO THE ABOVE REPORT
PLEASE NOTE: HOLDS MEANS HOLDS ON DAILY CLOSING BASIS
ALL PRICES ARE IN INDIAN RUPEE UNLESS OTHERWISE SPECIFIED
Indian Standard Time (IST): +5:30 GMT
Current Market Price (CMP)
All foreign exchange prices are for inter-bank rates.
Join my cause – stop food wastage in our daily lives
By just reducing food wastage we can contribute to prevent global warming. I just want my readers to stop wasting food in their daily lives and also ask their friends and acquaintances to do the same.

         







Monday, December 17, 2018

Mcx Copper Report : 18th December 2018


Insignia Consultants
New Delhi
Tuesday, December 18, 2018
TIME 8:40 AM IST                   

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MCX COPPER REPORT

Copper will break free from 425-450 wider trading range and form a new range anytime. Key long term support for copper is at 422. Copper needs to trade over 422 for the rest of the month to be in a long term bullish zone.
Copper February 2019:  (previous day close/CMP Rs.438.80)
Bullish over 438.50 with 446.80 and 450.60 as price target.
Bearish below 434.90 with 431.40 and 428.20 as price target.
Neutral Zone: 434.90-438.50
One Support: 434.90
One Resistance: 441.70
o      Small sell off will be there below 438.50
o      Crash will be there below 434.90.
o      Corrections upto 428.20 are a part of the long term bull trend.
o      Copper needs to trade over 440-441 zone today to rise or be in bullish zone.

Disclaimer: Any opinions as to the commentary, market information, and future direction of prices of specific currencies, metals and commodities reflect the views of the individual analyst, In no event shall Insignia Consultants or its employees  have any liability for any losses incurred in connection with any decision made, action or inaction taken by any party in reliance upon the information provided in this material; or in any delays, inaccuracies, errors in, or omissions of Information. Nothing in this article is, or should be construed as, investment advice. Website www.insigniaconsultants.in. Prepared by Chintan Karnani

"Print this report only if absolutely necessary. Save Paper. Save Trees."
NOTES TO THE ABOVE REPORT
ALL VIEWS ARE INTRADAY UNLESS OTHERWISE SPECIFIED
UK session starts around 1:00 pm Indian Standard Time (+5:30 GMT)
US session starts at 6pm pm Indian Standard Time (+5:30 GMT)
PLEASE NOTE: HOLDS MEANS HOLDS ON DAILY CLOSING BASIS
PLEASE USE APPROPRIATE STOP LOSSES ON INTRA DAY TRADES TO LIMIT LOSSES.
ALL PRICES ARE IN INDIAN RUPEE UNLESS OTHERWISE SPECIFIED
APPROPRIATE STOP LOSSES PER LOT IN INDIAN RUPEEES ON THE TRADING CALLS GIVEN IN THIS REPORTTHE TIME GIVEN IN THE REPORT IS THE TIME OF COMPLETION OF REPORT
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Join my cause – stop food wastage in our daily lives
By just reducing food wastage we can contribute to prevent global warming. I just want my readers to stop wasting food in their daily lives and also ask their friends and acquaintances to do the same.





Tuesday, October 23, 2018

Currency Report and Asian Metal Market Update: 24th October 2018


Insignia Consultants
New Delhi
Wednesday, October 24, 2018
TIME 7:19 AM IST                       
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ASIAN METALS MARKET UPDATE
Gold and silver need to rise after tomorrow’s European central bank meeting and Friday’s third quarter GDP numbers to zoom. I am against new short term investment in gold unless trades over $1245.80 on Friday after the release of US GDP numbers. Long term, gold is still an excellent investment even at current price of $1235. Asian prices of gold is near an all-time high. Buyers in Asia will wait for some correction if gold hints of a correction.

Trump says wants a ten percent reduction in tax rates for the American middle class. This will happen only if senate election results are known. Even the slightest indication of this will result in US stock markets zooming and gold crashing as more than expected interest rate hikes will be there next year. But for interest rates all the factors are bullish for gold.

I continue to remain bullish on silver for the long term. I become a laughing stock when I tell my friends and family members to invest in silver. Silver investing needs a patience. Silver has to a very small part of the long term portfolio. I prefer to be a laughing stock rather than change my bullish view on silver.

COMEX GOLD DECEMBER 2018 – current price $1235.50
Bullish over $1223.30 with $1233.60 and $1238.10 as price target
Bearish below $1220.40 with $1217.00 and $1209.40 as price target.
Neutral Zone between: $1220.40-$1223.30
·        100% retracement is at $1245.80. Another wave of rise will be there only over $1245.80.
·        Crash will be there if gold does not break $1245.80 by Friday or gold falls below $1233.
MCX GOLD DECEMBER 2018 – previous day close Rs.32064.
·       Bearish case: 100% retracement is at 32455. Gold can fall back to 31584 and 31132 by next week in case it does not break 32455.
·       Bullish case: A break of 32455 will trigger a rise to 33023 and 33346.
·       I am against new investment in gold at current price and will prefer to wait till Monday and then decide.
·       Today small sell off will be there below 31991.
·       Quick rise will be there over 32166.
(prices are in Indian rupees above)
HAPPY PROFITABLE TRADING
Disclaimer: Any opinions as to the commentary, market information, and future direction of prices of specific currencies, crypto currencies, metals and commodities reflect the views of the individual analyst, In no event shall Insignia Consultants or its employees  have any liability for any losses incurred in connection with any decision made, action or inaction taken by any party in reliance upon the information provided in this material; or in any delays, inaccuracies, errors in, or omissions of Information. Nothing in this article is, or should be construed as, investment advice. Prepared by Chintan Karnani
Disclosure: Insignia consultants or it employees do not have any trading positions on the trading strategies mentioned above. Our clients do have positions on the trading strategies mentioned in the above report.
Trade without emotions
"Print this report only if absolutely necessary. Save Paper. Save Trees."
NOTES TO THE ABOVE REPORT
ALL VIEWS ARE INTRADAY UNLESS OTHERWISE SPECIFIED
Follow us on Twitter @insigniaconsul1
UK session starts around 1:00 pm Indian Standard Time (+5:30 GMT) -- after the release of LME daily inventories
US session starts at 6pm pm Indian Standard Time (+5:30 GMT)
PLEASE NOTE: HOLDS MEANS HOLDS ON DAILY CLOSING BASIS
PLEASE USE APPROPRIATE STOP LOSSES ON INTRA DAY TRADES TO LIMIT LOSSES.
THE TIME GIVEN IN THE REPORT IS THE TIME OF COMPLETION OF REPORT
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You can also mail your queries at ‘s
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Monday, October 22, 2018

Mcx Copper Report : 23rd October 2018



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manan
9810226906

Wednesday, October 17, 2018

Currency Report for Exporters and Importers : 17th October 2018


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Monday, October 15, 2018

Crude Oil and Currency Report : 16th October 2018





MCX CRUDE OIL REPORT

Crude oil 19th October 18: (previous day close/CMP Rs.5273)
Bullish over 5270 with 5334 and 5478 as price target.
Bearish below 5249 with 5195 and 5150 as price target.
Neutral Zone: 5249-5270
One Support: 5270
One Resistance: 5334
o      Small sell off will be there below 5270.
o      Crash will be there below 5212.
o      Crude oil needs to trade over 5300-5330 zone (till tomorrow) to zoom.