MCX SILVER REPORT: 18TH JUNE 2019

Insignia Consultants

New Delhi

Tuesday, June 18, 2019

TIME 9:04 AM IST                   

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MCX SILVER REPORT

Silver will break free from the recent consolidation phase and form a new range. The range bound trade will continue as long as silver does not break and trade over 37750-37850 zone.

Silver July 2019:  (previous day close/CMP Rs.37118)

1. Silver needs to fall below 36800 or break and trade over 37330 for a quick one way move.
2. Crash will be there if silver does break 37850 by Friday.
3. Day traders remain on the sidelines.
4. Technical trend is neutral.

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. All analyses used herein are subjective opinions of the author and should not be considered as specific investment advice. Investors/Traders must consider all relevant risk factors including their own personal financial situation before trading.Website www.insigniaconsultants.in. Prepared by Chintan Karnani

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NOTES TO THE ABOVE REPORT

ALL VIEWS ARE INTRADAY UNLESS OTHERWISE SPECIFIED

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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