Wednesday, 25 March 2020
TIME 10:02 AM IST
MCX METALS MARKET REPORT – stay indoor, maintain social distancing
One will be lured to trade in MCX futures sitting in the house. Trade carefully. There should not be any scope for losses. Trade once a day or make few trades a week but every trade should be profitable. Business will suffer. Tiny or large every business will suffer. Nation is suffering due the corona virus. No one really knows the extent which the corona virus will do the Indian economy and our personal lives. Stay safe in life and ALSO stay safe in trading and investing should be embedded in our mindset.
Trading and investing is all about mindset. Sometimes a firm mindset works. Example of a flexible mindset will include a quick decision to book a loss. One needs to have a flexible mindset as well. Lastly patience is the key.
Gold-silver price difference is at Rs.190. It had reached a high of Rs.5100 last week. Gold-silver price difference will be negative. Silver price will soon be much over gold price.
Industrial metals should remain firm as more and more mines are close due to coronavirus pandemic.
Daily view on US Dollar-Indian Rupee (usd/inr) spot: Current price: 76.0550: Forex markets are closed today.
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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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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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