Thursday, July 26, 2018

MCX Lead Report : 27th July 2018


MCX METALS AND ENERGIES MARKET VIEWS

Trend in all metals and energies can keep on changing every two hours today. Trade carefully.

TECHNICAL VIEW
Lead July 2018: (previous day close/CMP Rs.147.95):
Bullish over 147.10 with 149.70 and 151.60 as price target.
Bearish below 146.10 with 145.10 and 143.60 as price target.
Neutral Zone: 146.10-147.10
One Support: 146.00
One Resistance: 148.80
o      Lead will break from the recent consolidation phase and form a new range.
o      Corrections upto 142 are a part and parcel of a long term bull rally.

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

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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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