MCX Metals Market Report: 28th February 2020

Insignia Consultants

New Delhi

Friday, 28 February 2020

TIME 9:30 AM IST

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MCX METALS MARKET REPORT

A weaker rupee against the US dollar has resulted in gold opening higher. Today is the last day of February. Day has just started. Anything can happen. Next week there are lot of US economic data releases. US February private ADP jobs number. US February nonfarm payrolls. Jobs and business sentiment and consumer sentiment needs to closely watched for every nation. 

Volatility will rise all metals, crude oil and natural gas. 

MCX Copper 31st March 2020:  (previous day close/CMP Rs.418.25)

1. Copper needs to trade over 415.90 today to rise to 426.90. 

2. Crash will be there below 415.90 only to 411.40. 

Daily view on US Dollar-Indian Rupee (usd/inr) spot: Current price: 71.9100: Trend is weak. But rupee needs to break and trade over 72.0225 for the rest of the day to rise to 72.2225 and 72.3350. Sell off will be there below 71.7150. 

(For Trading Report, Whatsapp @9311139549)

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 :

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For live Updates You can also join our

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For Full Reports and live trading calls please Call / Whatsapp 9311139549.

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Mcx Metals Market Report : 26th February 2020

Insignia Consultants

New Delhi

Wednesday, 26 February 2020

TIME 10:00 AM IST                       

 ----------------------------------------------------------------------------------------------------------------

MCX METALS MARKET REPORT
Gold and silver has opened with a very big lower gap for a second consecutive day. Corona virus continues to make inroads in more and more nations. I am bearish on crude oil on demand fundamentals. If Europe or Eurozone moves into recession and China also slows, then all industrial metals should see renewed sell off. Copper has withstood the sell off. Copper will be vulnerable to very sharp corrections anytime if and when economic data releases comes in the lower side of expectation.
A childhood very close friend of mine asked me yesterday whether he can sell his family’s inherited gold and buy later at a lower price: My answer is a big no. My experience is that gold sold is mostly never brought. The money from sold gold is frittered away in making useless investment. Anyways I do not foresee physical gold prices falling below Rs.37000 per ten grams in the next twelve months with inertia as the upside potential.
Daily view on US Dollar-Indian Rupee (usd/inr) spot: Current price: 71.7850: Trend is down. There will be a quick rise if rupee trades over 71.8550 to 72.0225 and 72.2525. Crash or sell off will be there below 71.6050.
(For Trading Report, Whatsapp @9311139549)

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 :

Insignia Tips Android App (https://play.google.com/store/apps/details?id=com.insignia&hl=en)

For live Updates You can also join our

TELEGRAM CHANNEL (https://t.me/goldsilverinr)

For Full Reports and live trading calls please Call / Whatsapp 9311139549.

 or mail to insigniacommodity@gmail.com

For todays Full report Please paytm using the barcode below:

Mcx Metals Market Report : 25th February 2020

Insignia Consultants

New Delhi

Tuesday, 25 February 2020

TIME 9:24 AM IST                         

 ----------------------------------------------------------------------------------------------------------------

MCX METALS MARKET REPORT
Gold and silver has opened with a very big lower gap. Crude oil has opened higher. Industrial metals have opened flat. It is becoming a nightmare if you leave an open position for next trading day. Better to be a day trader for the time. Month end future closing and position rebuilding has begun in all metals and energies. There will be very sharp two way moves in all metals and energies.
You have to make a profit on all mcx futures trades. Corona virus etc news will come and go. The festival of “Holi” is just two weeks away. Reduce greed in the next two weeks. Do not set a target profit for “Holi”. You may end in reverse with target profit as your losses. It is very easy to write a report and give a view. You are the risk taker. It is your money and your capital. I know (as a trader in MCX since 2003) that sometimes taking a decision to book a loss is the most difficult thing. Be prudent.
Silver spread/badla
MCX silver May and MCX silver March gap/difference/badla is at Rs.631. This spread/badla can rise to Rs.750-Rs.800 zone if prices fall today. I do not see silver badla falling below Rs.500 till future close on Friday.
Daily view on US Dollar-Indian Rupee (usd/inr) spot: Current price: 71.8425: Rupee can fall to 71.6075 and 71.4875 as long as it trades below 72.0325. Only a break of 72.0325 will trigger another wave of rise.
(For Trading Report, Whatsapp @9311139549)

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 :

Insignia Tips Android App (https://play.google.com/store/apps/details?id=com.insignia&hl=en)

For live Updates You can also join our

TELEGRAM CHANNEL (https://t.me/goldsilverinr)

For Full Reports and live trading calls please Call / Whatsapp 9311139549.

 or mail to insigniacommodity@gmail.com

For todays Full report Please paytm using the barcode below:

Mcx Metals Market Report : 20th February 2020

Insignia Consultants

New Delhi

Thursday, 20 February 2020

TIME 9:47 AM IST                         

 ----------------------------------------------------------------------------------------------------------------

MCX METALS MARKET REPORT
A weaker rupee resulted in gold and silver opening very high. Rest of the metals and energies in MCX are firm. Tomorrow MCX will open at 5:00pm. Low risk traders should not leave any open positions for tomorrow. Copper and Nickel can see three percent one way anytime. I am not bullish on industrial metals. But better to trade with the flow and trade with momentum till tomorrow.
Additional withdrawn in gold and crude oil: Sr. No. Commodity Contracts Withdrawal of additional margin of 2% with effect from 1. Gold (all variants) March 5, 2020 2. Crude Oil April 1, 2020.
Natural gas 25th February 2020 (previous day close/CMP Rs.141.00):

1.     NG needs to trade over 136.00 till tomorrow to rise to 147.50 and 153.90.

2.     Sellers will be there below 136.00 today.

Daily view on US Dollar-Indian Rupee (usd/inr) spot: Current price: 71.7450: Resistance is at 71.8550. Only a break of 71.8550 will result in 71.9550 and 72.1375. Sellers today will be there below 71.6325. Rupee can gain after London opens today. I do not think the current weakness will be sustainable. Those having payable on Monday have to decide today. Those having payables next week use trailing stop loss over 72.1375 if they can.
(For Trading Report, Whatsapp @9311139549)

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 :

Insignia Tips Android App (https://play.google.com/store/apps/details?id=com.insignia&hl=en)

For live Updates You can also join our

TELEGRAM CHANNEL (https://t.me/goldsilverinr)

For Full Reports and live trading calls please Call / Whatsapp 9311139549.

 or mail to insigniacommodity@gmail.com

For todays Full report Please paytm using the barcode below:

Mcx Metals Market Report : 19th February 2020

Insignia Consultants

New Delhi

Wednesday, 19 February 2020

TIME 9:41 AM IST                         

 ----------------------------------------------------------------------------------------------------------------

MCX METALS MARKET REPORT
Crude oil has opened higher. I was expecting crude oil to fall but it rose. There are huge short positions in crude oil globally. Short covering happens in crude oil with every Rs.70-Rs.100 rise in MCX. Crude oil is still fundamentally bearish. But at the moment it is better to trade with the momentum in crude oil. Gold is near historical highs. Silver is firm. Copper and other industrial metals have held key short term support.
There will be very sharp two way moves in all metals and energies. It is all about the corona virus and nothing else.
MCX Crude oil 19th March 2020: (previous day close/CMP Rs.3789.00)

1.     200 week moving average is at 3793.

2.     Crude oil needs to trade over 3793 till tomorrow to rise to 3995.

3.     Crash or bearish trend today will be there only if crude oil falls below 3747.

Daily view on US Dollar-Indian Rupee (usd/inr) spot: Current price: 71.5850: There will be short covering if rupee break and trades over 71.7000 till Friday. A break of 71.7000 will result in 71.9250 and 72.1225. Sellers today will be there below 71.4750.
(For Trading Report, Whatsapp @9311139549)

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 :

Insignia Tips Android App (https://play.google.com/store/apps/details?id=com.insignia&hl=en)

For live Updates You can also join our

TELEGRAM CHANNEL (https://t.me/goldsilverinr)

For Full Reports and live trading calls please Call / Whatsapp 9311139549.

 or mail to insigniacommodity@gmail.com

For todays Full report Please paytm using the barcode below:

Mcx Metals Market Report : 18th February 2020

Insignia Consultants

New Delhi

Tuesday, 18 February 2020

TIME 8:56 AM IST                         

 ----------------------------------------------------------------------------------------------------------------

MCX METALS MARKET REPORT
USA is opening after a holiday. Physical demand for gold is almost nil worldwide. Investment demand continues to rise with passing of each day. Crude oil is rising on hopes that global slowdown will be over next month. Every economic information of every nation is censored. Global leaders do not want to create economic panic due to corona virus. But ask yourself why are central banks (of almost every nation) of each nation injecting more liquidity and also announcing stimulus measures due to the corona virus? I do not believe that central banks are taking pre emptive measures. There is some short term economic damage already done.
There is no impact of Chinese supplies in India. Close friends who import from China say that Indian manufacturers will benefit only if imports from China fall drastically from April onwards. (Those who import from China had already stocked themselves to meet demand will the Middle of March due to Chinese New Year.)
Be prepared for five percent one way price moves any day till 28^th February. Boom or bust time for all MCX metals and MCX energies till end February.
Daily view on US Dollar-Indian Rupee (usd/inr) spot: Current price: 71.4350: Rupee can rise to 71.6925 today as long as it trades over 71.3550. Sell off will be there below 71.3550. Rupee can fall first on bunched up supplies due to USA close yesterday and then rise.
(For Trading Report, Whatsapp @9311139549)

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 :

Insignia Tips Android App (https://play.google.com/store/apps/details?id=com.insignia&hl=en)

For live Updates You can also join our

TELEGRAM CHANNEL (https://t.me/goldsilverinr)

For Full Reports and live trading calls please Call / Whatsapp 9311139549.

 or mail to insigniacommodity@gmail.com

For todays Full report Please paytm using the barcode below: