Mcx Metals Market Report : 2nd March 2020

Insignia Consultants

New Delhi

Monday, 02 March 2020

TIME 9:42 AM IST                                     

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

MCX METALS MARKET REPORT
Gold, silver and all metals and energies in MCX have opened higher in the first day of the month. Central banks are doing a coordinated intervention in global financial markets to prevent the stock markets from a crash. Last week kind of volatility will not be there but volatility will be very high. Various US February job numbers will be released this week. Anything can happen.
Do not incur trading losses this week. “Holi” is next week. Enjoyment can be there will less profit but not with trading loss.
Lead Mini 31^st March 2020: (previous day close/CMP Rs.144.00):

1.      Lead can rise to 146.40 as long as it trades over 143.00.

2.      Crash will be there only below 143.00.

Fundamentals are still bearish for industrial metals. There are can be very sharp bear market rallies.

Daily view on US Dollar-Indian Rupee (usd/inr) spot: Current price: 72.2175: Sellers will be there below 72.1425 to 72.0175 and 71.7450. Rupee needs to trade over 72.3075 till tomorrow to rise to 72.4550 and 72.6950. Rupee can fall first 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.