Insignia Consultants
New Delhi
Tuesday, 24 September 2019
TIME
8:40 AM IST
----------------------------------------------------------------------------------------------------------------
MCX COPPER REPORT
Copper will break free from the recent consolidation
phase and form a new range. September futures are expiring soon. There will be
position squaring and rebuilding for next quarter. Use of copper in electric
vehicles will be the key price driver in the final quarter of the year. Short
term neutral but long term bullish.
Copper September 2019:
(previous day close/CMP Rs.443.65)
- As long as copper trades over 437 till future close, it can
rise to 456.
- Crash will be there below 437 today.
- Copper will zoom if it manages to trade over 446 today.
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.
Insignia Consultants does not have any branches in India.
Insignia Consultants does not have any marketing agents in any city in
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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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