Insignia Consultants
New Delhi
Monday, 27 January 2020
TIME
9:31 AM IST
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MCX
METALS MARKET REPORTMost of January gold and silver have opened either with a lower gap or a higher gap. Short term trading has not been easy in the first month of the year in all mcx metals and energies. Gold, copper, zinc mini, lead mini, natural gas and nickel futures are expiring this week. Expiry can result in higher two way price moves.
Global focus is on Chinese corona virus. News will be the key. Day traders need to sit on the fence. I better not comment on the price trend of any metal as volatility will make be wrong in this free report.
Daily view on US Dollar-Indian Rupee (usd/inr) spot: Current price: 71.4500: Resistance is at 71.5575. Only a break of 71.5575 will result in 71.7850 and 71.9250. Sellers will be there below 71.3300. There can be very sharp two way moves due to future expiry tomorrow and Union budget on 1st February.
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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
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NOTE: HOLDS MEANS HOLDS ON DAILY CLOSING BASIS
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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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