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.
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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.