Thursday, 20 February 2020
TIME 9:47 AM IST
MCX METALS MARKET REPORT
A weaker rupee resulted in gold and silver opening very high. Rest of the metals and energies in MCX are firm. Tomorrow MCX will open at 5:00pm. Low risk traders should not leave any open positions for tomorrow. Copper and Nickel can see three percent one way anytime. I am not bullish on industrial metals. But better to trade with the flow and trade with momentum till tomorrow.
Additional withdrawn in gold and crude oil: Sr. No. Commodity Contracts Withdrawal of additional margin of 2% with effect from 1. Gold (all variants) March 5, 2020 2. Crude Oil April 1, 2020.
Natural gas 25th February 2020 (previous day close/CMP Rs.141.00):
Daily view on US Dollar-Indian Rupee (usd/inr) spot: Current price: 71.7450: Resistance is at 71.8550. Only a break of 71.8550 will result in 71.9550 and 72.1375. Sellers today will be there below 71.6325. Rupee can gain after London opens today. I do not think the current weakness will be sustainable. Those having payable on Monday have to decide today. Those having payables next week use trailing stop loss over 72.1375 if they can.
(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.
or mail to firstname.lastname@example.org
For todays Full report Please paytm using the barcode below: