Mcx Silver Report : 22nd May 2019

Insignia Consultants

New Delhi

Wednesday, May 22, 2019

TIME 9:33 AM IST                   

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MCX SILVER REPORT

Direction of the rupee will be the key. Some media reports suggest that NDA/BJP government may just squeeze to form a government. There can be short covering in rupee today.

Silver July 2019:  (previous day close/CMP Rs.36282)

1. Key support is at 35980.
2. Silver needs to trade over 35980 to rise to 36600 and 36859.
3. Crash will be there if silver trades below 35980 OR in case silver does not break 36550-36600 zone by tomorrow.
4. Remain on the sidelines today.

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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.Website www.insigniaconsultants.in. Prepared by Chintan Karnani

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NOTES TO THE ABOVE REPORT

ALL VIEWS ARE INTRADAY UNLESS OTHERWISE SPECIFIED

PLEASE NOTE: HOLDS MEANS HOLDS ON DAILY CLOSING BASIS
PLEASE USE APPROPRIATE STOP LOSSES ON INTRA DAY TRADES TO LIMIT LOSSES.
ALL PRICES ARE IN INDIAN RUPEE UNLESS OTHERWISE SPECIFIED
APPROPRIATE STOP LOSSES PER LOT IN INDIAN RUPEEES ON THE TRADING CALLS GIVEN IN THIS REPORTTHE TIME GIVEN IN THE REPORT IS THE TIME OF COMPLETION OF REPORT
You can also mail your queries at insigniacommodity@gmail.com
Chat Id: telegram/whatsapp 9311139549