Insignia Consultants
New Delhi
Tuesday, 26 November 2019
TIME
8:50 AM IST
----------------------------------------------------------------------------------------------------------------
MCX LEAD
REPORT
Current
price Rs.152.70 (MCX Lead December)
Bearish
case: Trend is down but
crash or sell off will be there only below 148.20 till 31st December
to 142.60 and 136.10. Bullish case: Assuming some undershooting from key technical support of 148.20, lead can rise to 169.70 before the year end if it does not fall below 146.
Trading strategy: (1) Today, lead will crash if it trades below 152.00 to 151.10 and 149.70. (2) Lead needs to trade over 153.50 to be in intraday bullish zone.
I am against new short term investment in lead at the moment. Lack of short term volatility and lack of intraday volatility is the key reason for me advising against short term investing in lead futures. Volumes in MCX in lead futures has been way below long term averages this year.
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.
Websitewww.insigniaconsultants.in. Prepared by
Chintan Karnani
Disclosure: Members, employees, directors, clients and all other people
associated with “Insignia consultants” do trade in MCX metals and energies.
They may or may not have positions on the trading strategies mentioned in this
report. They may also have open positions in MCX metals and energies futures in
trading strategies other than those mentioned in this report.
Insignia Consultants does not have any branches in India.
Insignia Consultants does not have any marketing agents in any city in
India.
NOTES TO THE ABOVE REPORT
ALL VIEWS ARE INTRADAY UNLESS OTHERWISE
SPECIFIED
Follow
us on Twitter @insigniaconsul1
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
You
can also download our Android App for these updates :
For live Updates You can also join our
For Full Reports
and live trading calls please Call / Whatsapp 9311139549.
For todays
Full report Please paytm using the barcode below:
No comments:
Post a Comment