Insignia Consultants
New Delhi
Tuesday, 25 February 2020
TIME
9:24 AM IST
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MCX
METALS MARKET REPORTGold 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.
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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
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NOTES TO THE ABOVE REPORT
ALL VIEWS ARE INTRADAY UNLESS OTHERWISE
SPECIFIED
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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
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