MCX Report : 8th October 2019

By: Admin
2 weeks ago
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Insignia Consultants

New Delhi

Tuesday, 08 October 2019

TIME 4:23 PM IST                         

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MCX REPORT – MCX WILL OPEN AT 5:00PM

MCX Silver December 2019: (a) Small sell off below 44900 (b) Quick rise over 4540. (c) Silver needs to trade over 44800 till tomorrow to rise to 45750 and 46100. (d) Crash will be there if silver trades below 44800.

MCX Copper October 2019: (a) Small sell off below: 436.90 (b) Quick rise over: 440.10 (c) Copper needs to trade over 435-436 zone to rise to 443.40 and 448. (d) Use a buy on dips strategy with a stop loss below 427 for next week.

MCX Crude Oil 21st October 2019: View: (a) Small sell off below: 3740 (b) Quick rise over: 3820 (c) Crude oil needs to trade over 3740 to rise to 3900-3970. (d) Crash will be there if crude oil trades below 3740.

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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: 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.

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NOTES TO THE ABOVE REPORT

ALL VIEWS ARE INTRADAY UNLESS OTHERWISE SPECIFIED

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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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