MCX SILVER REPORT: 19TH AUGUST 2019

Insignia Consultants

New Delhi

Monday, 19 August 2019

TIME 9:07AM IST                          

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MCX SILVER REPORT

Silver can be very volatile as September future closes in in two weeks’ time. One needs to remain on the side lines today and till Wednesday. Trader sentiment is very bullish.

Silver September 2019:  (previous day close/CMP Rs.43430)

1. Silver needs to trade over 42880 to try and rise to 43812 and 44156.
2. Crash will be there below 42880 this week OR in case 44156 is not broken by Wednesday.

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: 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.

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NOTES TO THE ABOVE REPORT

ALL VIEWS ARE INTRADAY UNLESS OTHERWISE SPECIFIED

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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

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