Insignia Consultants
New Delhi
Wednesday, 29 January 2020
TIME
9:21 AM IST
----------------------------------------------------------------------------------------------------------------
MCX
METALS MARKET REPORTGold and silver have once again opened lower today. Gap opening continues. January is not yet over. This is the message. FOMC meet tonight can change the trend in all metals and energies. Tomorrow also all metals and energies can open with a big gap.
Budget is on Saturday (1st February). MCX, NSE, BSE and currency futures are all open from 9:00am to 5:00pm. I expect some really big changes in the budget. That is why the budget is on Saturday. I am bullish on metals stocks and industrial metals futures. I will prefer to use sharp dips (till Friday) in all industrial metals to go long for Saturday with strict trailing stop loss before key technical support. My reason is that the budget will be pro growth and pro employment.
|
CLOSING MCX SPREAD/BADLA
|
||
|
|
|
|
|
MCX FUTURE
|
28-Feb-20
|
27-Jan-20
|
|
Gold
April--Gold Feb
|
131.00
|
120.00
|
|
Silver
May-Silver March
|
566.00
|
552.00
|
|
Crude
oil feb- Crude oil march
|
22.00
|
16.00
|
|
Copper
feb-Copper jan
|
-4.75
|
-4.80
|
|
Zinc
Mini feb-Zinc Mini jan
|
1.40
|
1.25
|
|
Lead
Mini Feb--Lead Mini Jan
|
1.60
|
2.95
|
|
Nickel
feb-Nickel jan
|
-7.00
|
2.10
|
|
NG
feb-- NG jan
|
-0.50
|
-0.70
|
|
Prices of MCX futures are in Indian rupees above)
|
||
Daily view on US Dollar-Indian Rupee (usd/inr) spot: Current price: 71.2250: Rupee can fall to 70.9850 and 70.5650 (by Friday) in case 71.6000 is not broken by Friday. Position squaring and rebuilding before the budget has started. Traders will prefer to be short than long before the budget in the rupee. There has to be some global reason to go long in rupee.
(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