Insignia Consultants
New Delhi
Friday, 13 March 2020
TIME
9:31 AM IST
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MCX METALS MARKET REPORT Fears is driving investors. No investment is safe at the moment. It is difficult to comment as to how long this will last. Patience is needed at the moment. This week’s price moves in gold and silver suggest that even they are not safe havens. However gold prices have fallen much less than plunge in stock prices.
Very few have seen nifty plunge so much. We are just experiencing history.
Nickel 31st March 2020: (previous day close/CMP Rs.889.60):
1.
Crash will be there below 863.20 to 822.90.
2.
Nickel has to trade over 875-890 zone to be in
intraday bullish zone.
Daily view on US Dollar-Indian Rupee (usd/inr) spot:
Current price: 74.4200: Key resistance is at 74.4825. A break of 74.4825 will result in
74.7725 and 75.0150. A lot of call option triggers will be there in case rupee
breaks past 74.8000 anytime till Monday. Trend is up. Look for signs of profit
taking in rupee long positions before the day’s close. Key support is at
74.0950. (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
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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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