Mcx Silver Report: 26th August 2019

Insignia Consultants

New Delhi

Monday, 26 August 2019

TIME 9:16AM IST                          

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MCX SILVER REPORT

Trend and momentum is very bullish for silver. There is a long term technical breakout as well. Only month end profit taking or profit taking before September future close can bring down silver prices. Spread/badla is around 1300. A lot of long positions might not get rolled over.

Silver September 2019:  (previous day close/CMP Rs.45045)

1. Silver needs to trade over 44600 to rise to 45721 and 46075.
2. Sell off will be there below 44600.
3. Silver will zoom to 46075 today before close if it trade over 45000 after 2pm.

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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THE TIME GIVEN IN THE REPORT IS THE TIME OF COMPLETION OF REPORT

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