Insignia Consultants
New Delhi
Monday, 30 September 2019
TIME
8:10 AM IST
----------------------------------------------------------------------------------------------------------------
MCX ZINC AND LEAD WEEKLY REPORT
Be prepared for big one way moves in zinc and lead. Chinese holidays
this week can result in some sudden knee jerk one way price moves. Fall in
Chinese industrial activity has already been factored.
Zinc
October 2019: (previous day close/CMP Rs.182.30)
- Zinc needs to trade over 176.40 this week to rise
to 194.50 and 200.10.
- Long term bearish zone will be there only below
176.40.
Lead
October 2019: (previous day close/CMP Rs.154.30):
o
Lead will break free from 152-160
trading range and form a new range this week.
o
Crash or quick sell off will be
there only if lead falls below 152.00.
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
India.
NOTES TO THE ABOVE REPORT
ALL VIEWS ARE INTRADAY UNLESS OTHERWISE
SPECIFIED
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us on Twitter @insigniaconsul1
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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