Insignia Consultants
New Delhi
Wednesday, July
31, 2019
8:45 AM IST
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MCX SPREAD/BADLA
(based on previous day closing prices)
Focus is on gold spread/badla which
is a record all time high for MCX. There will be a consolidation phase in
spreads/badla for the rest of the metals and energies.
|
30-Jul
|
||
|
|
CLOSING PRICE
|
BADLA/SPREAD
|
|
GOLD AUGUST
|
34529
|
|
|
GOLD OCTOBER
|
35403
|
874
|
|
|
|
|
|
SILVER SEPTEMBER
|
41570
|
|
|
SILVER DECEMBER
|
42320
|
750
|
|
|
|
|
|
COPPER AUGUST
|
445.45
|
|
|
COPPER SEPTEMBER
|
446.6
|
1.15
|
|
|
|
|
|
CRUDE OIL AUGUST
|
3987
|
|
|
CRUDE OIL SEPTEMBER
|
4008
|
21
|
|
|
|
|
|
NATURAL GAS AUGUST
|
147.6
|
|
|
N.G.SEPTEMBER
|
150.2
|
-2.6
|
Gold
Spread/badla: Trend
is bullish. I do not expect it to break past 1025 with chances of 674 and 490
being very high.
Silver
Spread/badla: Silver
spread/badla should trade in 720-770 range. Silver prices need to rise today
for spread to rise.
Copper
Spread/badla: It
should trade in 0.50-1.50 range.
Crude
oil Spread/badla: I
expect spread/badla to fall to 10 and then rise to 31.
|
30-Jul
|
||
|
|
CLOSING PRICE
|
BADLA/SPREAD
|
|
ZINC AUGUST
|
192.65
|
|
|
ZINC SEPTEMBER
|
193.65
|
1
|
|
|
|
|
|
LEAD AUGUST
|
152.8
|
|
|
LEAD SEPTEMBER
|
153.4
|
0.6
|
|
|
|
|
|
NICKEL AUGUST
|
997.3
|
|
|
NICKEL SEPTEMBER
|
1004.7
|
7.4
|
|
|
|
|
|
ZINC AUGUST
|
192.65
|
|
|
LEAD AUGUST
|
152.8
|
-39.85
|
|
|
|
|
Zinc
Spread/badla: +/-
0.75 from yesterday’s close of 1.00 should be there today.
Lead
Spread/badla: Spreads
can rise today.
Nickel
Spread/badla: Nickel
spread should rise to 15-17 today if prices rise. There will be a direct
correlation between price trend and nickel spread/badla.
Natural
gas spread/badla: Spread
should rise to 6-8 over the next few days from current 2.80. NG is oversold.
Zinc-Lead
spread/badla: Crash
or sell off for the rest of the week will be there if zinc-lead spread falls
below 33.
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.
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NOTES TO THE ABOVE
REPORT
ALL VIEWS ARE INTRADAY
UNLESS OTHERWISE SPECIFIED
PLEASE NOTE: HOLDS MEANS HOLDS ON DAILY
CLOSING BASISPLEASE 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
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