Insignia Consultants
New Delhi
Tuesday, 24 December 2019
TIME
9:05 AM IST
----------------------------------------------------------------------------------------------------------------
MCX METALS MARKET REPORT
Gold and silver have opened higher. There
will be short covering if gold and silver continue to rise today. Crude oil and
copper are in a neutral zone. Tomorrow MCX is closed. Traders will start taking
positions for Thursday. Trading volumes will be thin from today till 2nd
January 2020. So far positive economic news or trade war reduction news has not
resulted in any fall in gold and silver. Year on Year returns on MCX gold
futures will be high if gold price remain over 38000 till 31st
December. 2019 returns in MCX gold futures will not be matched in 2020. Daily view on US Dollar-Indian Rupee (usd/inr) spot: Current price: 71.2225: Key resistance is at 71.2775 is the key resistance. A break of 71.2775 will result in 71.5150 and 71.8300. Rupee should trade with a weaker bias for the rest of the year and in early January as NDA government is getting wiped out in every state elections and other local elections. Sellers today will be there below 71.0950.
(For Trading Report, Whatsapp @9311139549)
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: Members, employees, directors, clients and all other people
associated with “Insignia consultants” do trade in MCX metals and energies.
They may or may not have positions on the trading strategies mentioned in this
report. They may also have open positions in MCX metals and energies futures in
trading strategies other than those mentioned in this 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
Follow
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
You
can also download our Android App for these updates :
For live Updates You can also join our
For Full Reports
and live trading calls please Call / Whatsapp 9311139549.
For todays
Full report Please paytm using the barcode below:
No comments:
Post a Comment