Mcx Metals Market Report : 10th February 2020

Insignia Consultants

New Delhi

Monday, 10 February 2020

TIME 9:10 AM IST                         

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

MCX METALS MARKET REPORT
Industrial metals have opened higher. Gold and silver have opened slightly lower. It should be a technical trade today. Chinese workers are returning to work from today. There is no big US economic data release today. Industrial metals will crash if and only if focus is on the impact of Chinese corona virus. If not then industrial metals will rise today.
MCX Lead Mini February 2020: (previous day close/CMP Rs.144.65):

1.     Lead can rise to 146.20 and 147.40 as long as it trades over 143.80.

2.     Crash will be there only if lead trades below 143.80  to 142.40-141.90 and 139.60.

3.     Technical and momentum are both down for MCX lead mini.

Daily view on US Dollar-Indian Rupee (usd/inr) spot: Current price: 71.3725: Rupee will trade with a softer bias as exit polls suggest that BJP will not come into power in Delhi state elections. 71.1975-71.6025 is the wider trading range till tomorrow. Crash or sell off will be there only if rupee trades below 71.1975.
(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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Mcx Metals Market Report : 3rd February 2020

Insignia Consultants

New Delhi

Monday, 03 February 2020

TIME 9:45 AM IST                         

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

MCX METALS MARKET REPORT
Gold and silver opened after lower after China reopened. A weaker rupee against the US dollar prevented a crash. Industrial metals are firm on short covering in global markets. Guarded optimism is the word for all metals and energies. Crude oil is oversold and can rise anytime. Natural gas is not out of the bear shadow yet.
Various US jobs number are there this week. Anything can happen. Chinese are intervening aggressively in their markets. Reverse repo rates have been cut. Then there is also 1.20 trillion yuan additional liquidity injection. Whether the Chinese are successful or not in their intervention will be known only by Wednesday.
Trade very carefully. Retail investors and large hedge funds are all investing in the unknown zone. No one can predict the actual impact of Chinese corona virus on global economy.
Daily view on US Dollar-Indian Rupee (usd/inr) spot: Current price: 71.6200: Rupee is weaker today on short covering and a lack of adequate measures to create employment in the budget. Key weekly resistance is at 71.7975. For rupee to weaken further it needs to break and trade over 71.7975 and rise to 72.0450 and more. Crash this week will be there below 71.4300.
(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 : 27th January 2020

Insignia Consultants

New Delhi

Monday, 27 January 2020

TIME 9:31 AM IST                         

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

MCX METALS MARKET REPORT
Most of January gold and silver have opened either with a lower gap or a higher gap. Short term trading has not been easy in the first month of the year in all mcx metals and energies. Gold, copper, zinc mini, lead mini, natural gas and nickel futures are expiring this week. Expiry can result in higher two way price moves.
Global focus is on Chinese corona virus. News will be the key. Day traders need to sit on the fence. I better not comment on the price trend of any metal as volatility will make be wrong in this free report.
Daily view on US Dollar-Indian Rupee (usd/inr) spot: Current price: 71.4500: Resistance is at 71.5575. Only a break of 71.5575 will result in 71.7850 and 71.9250. Sellers will be there below 71.3300. There can be very sharp two way moves due to future expiry tomorrow and Union budget on 1^st February.
(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 : 7th January 2020

Insignia Consultants

New Delhi

Tuesday, 07 January 2020

TIME 9:02 AM IST                         

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

MCX METALS MARKET REPORT
Volatility will be very high. Yesterday sell stop losses was triggered in gold and silver. Today buy stop losses will be triggered if gold and silver fall today. One needs to trade very carefully in gold and silver. Low risk traders do not leave any open positions for next day. Crude oil will also be very volatile.
Focus will now shift to US December private ADP job numbers tomorrow and Friday’s US December nonfarm payrolls. Industrial metals can see big one way price moves. Be prepared for the same.
READ CAREFULLY – A BIT ON “UNFIX” GOLD
Jewelers in India buy physical gold in “Unfix” mode. Unfix implies that gold is purchased BUT price is fixed at a later date. Yesterday’s price rise forced most of the jewelers to fix the price of physical gold. Most of the price fixing for “Unfix” gold was between Rs.42000 and Rs.42600 per ten grams. The same has been with physical silver.
Daily view on US Dollar-Indian Rupee (usd/inr) spot: Current price: 71.8675: RBI has allowed Tier-I banks to allow currency hedging 24/7 (24 hours). This is a new year gift to India business. Trading volumes of rupee in India will rise. Big gap between previous day close and next day open will soon be history. If rupee falls today then it will test 71.40-71.45 zone. Rupee needs to trade over 72.0050 till Friday to rise further.
(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 : 3rd January 2020

Insignia Consultants

New Delhi

Friday, 03 January 2020

TIME 10:05 AM IST                       

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

MCX METALS MARKET REPORT
As expected gold and silver rose open higher and rose. Clients were advised not to go short in gold and silver if they had gone for vacation. Premium service subscribers was advised to go long in gold and silver at the beginning of the week. I am happy that clients made good profit in MCX in gold and silver trades at the start of the year. I had written (in our daily report) in the second week of December that trend at the end of the year, needs to be taken seriously. We are right. Mobile trading has resulted in traders trading while on vacation and when they on the move. Hard core traders will trade and invest. Large investment firms have a 24/7 team which for investment opportunities.
Next week is a big global economic data release week. Anything can happen next week. Industrial metals will break free from the recent range trade and form a new range. I am bullish on industrial metals for next week. Only risk is chances of a war with Iran and/or crude oil prices zoom.
Daily view on US Dollar-Indian Rupee (usd/inr) spot: Current price: 71.5825: I am still bearish on the rupee against the US dollar. Key resistance is at 71.6525. A break of 71.6525 will result in 71.8275 and 72.0225. Sellers 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:

2020 One step Back and Ten steps Forward : 1st Jan 2020

Insignia Consultants

New Delhi

Wednesday, January 1, 2020

TIME 1:09 PM IST                       

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

2020 One step back and ten step forward
2019 was marked by a big rise in gold, silver and palladium rise among the metals. Natural gas was the biggest looser. UK Pound or cable as we call it was nosedived on brexit but also recovered lost ground after thumping mandate to Boris Johnson in UK elections. Japanese Yen and Euro traded mostly in a range and a trend.
Indian rupee had weakened against the US dollar in 2019. There is massive disappointment among the voters after giving a second term to Modiji. Lack of jobs and bad Indian economy has cost the Bharatiya Janata Party (BJP) heavily as they have lost every state elections after the central vote. Every Indian economic number of 2019 suggested continued slowdown. Real cost of living for the masses at the end of 2019 is much higher than at the beginning of 2019. Indian economy is more dependent on local factors and less on exports so we cannot outright blame global factors as the reason for the slowdown.
Interest rate theme for 2019 was a rise in the first half of 2019 to interest rate cuts in the second half of 2019. Interest rate cut song will continue in 2020 also. I do not think inflation will be a big factor in deciding interest rate policy (except for Asian central banks).
Key Global theme for 2019 were.

1.     Trade war with China,

2.     Central banks diversifying their reserves away from the US dollar into gold and others.

3.     Increase in bilateral trade as way to get over so called US/NATO induced trade sanction/alienation.

4.     Brexit.

5.     Last but let’s not forget the mass unrest everywhere be it Hongkong or France yellow vest or India’s anti CAA movement among others.

6.     Trump and his impeachment.

7.     Last but not the least US president Donald and his market shaking Tweets.

2020 is a USA or American election year. In January Trump and his impeachment related news will be the key. Signing of US-China trade pact and further advancement (after the signing) of the same will be closely watched. Brexit and its related news will be the key for cable. US Presidential elections will be hard fought. From nomination to actual result anything can happen. US dollar Index can fall to 86 and below in 2020. I am hyper bearish on the US dollar Index in 2020. More and traders, nations and others will try and move away from the US dollar.
Over the past few years, geopolitics had zero impact on global financial markets, In 2020, geopolitics should impact financial markets. Take developments in geopolitics with a pinch of salt.
Bond yields have crashed globally in 2019, Bond yields should rise. Stable interest rates in the first quarter of 2020 should result in rise in the global bond yield. Keep a close watch on bonds.
The pace of increase in central bank buying of gold can reduce in 2020. But over 2020 will see an increase in central banks gold reserves. Gold and silver are bullish in 2020. Silver should outpace gold in 2020.
On the industrial metals front, copper prices were relatively stable in 2019. Nickel rose and should be the best performer in 2020 among all industrial metals. Global economic growth will be the key to industrial metals demand (except Nickel). Copper can be the dark horse of 2020.
INDIA: AntiCAA and antiNRC mass movement progress can be a game changer to attract foreign inflows in India. Tourism sector has been badly hit in December due to the mass stir. Global investors are investing in India as we still one the best performing economy in the world. Modiji government is on a selling spree and deep state privatization spree. Large highly profit making PSU or Navratnas as we call them will be sold in 2020. Key highly profit profitable railway route are being given to private operators. These are just examples. Foreign inflows will be very high in India this year, irrespective of the Indian economy performs.
Indian rupee is fundamentally bearish against the US dollar. RBI will be closely watching the rupee for overvaluation or undervaluation in REER and NEER terms. I expect rupee to gain only in the second half of 2020 against the US dollar. Risk will be drought in India or a bad monsoon rains.
Your stock value is down, even though the Sensex and Nifty have risen and near a historical high. Mid caps and small caps should see a reversal in bearish fortune to bullish trend. However so called January curse for Indian stock markets can be there.
Opps, I forgot to write about crude oil and natural gas. Natural gas is short term bearish and long term bullish. I will prefer to buy far dated NG call options. The pace of rise of crude oil will be the key. A sustained rise and quick rise in crude oil can take global economy to ransom. Energy price trend will be the key to Asian currencies and global economy.
Conclusion: Every tom, dick and harry is bullish on global economy and global stock markets for 2020 or this year. There is hope that lower interest rate cuts for last year will start to have a trickledown effect. People are also hoping that sense will prevail among global politicians and end to trade war will be there this year. If the global economy disappoints and/or trade war escalates further, then stocks will plunge. The state owned plunge protection team (PPT) in every nation will be ineffective. Jobs and reduced cost of living can only prevent global mass unrest. Gold and silver will rise irrespective of all the factors. De-dollarization theme will continue in 2020 and further years.
I have not mentioned anything about crypto currencies. Crypto currencies should get more and more mass reach. More and more nations will be forced to legalize crypto currencies. Right now the momentum is very bearish for all crypto currencies.
Remember that the factors which moved financial markets in 2019 may or may be effective in 2020. It is your money.
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. Prepared by Chintan Karnani
Disclosure: Insignia consultants or it employees do not have any trading positions on the trading strategies mentioned above. Our clients do have positions on the trading strategies mentioned in the above report.
We do not have any branch
We do not have any sales agent or distributors anywhere
NOTES TO THE ABOVE REPORT
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