Thursday, September 23, 2021
TIME 11:05 AM IST
Trend is neutral for copper and nickel. Trend can change every day. There will be a big crash if copper and nickel fall anytime till next week. One should remain on the sidelines. There is nothing in FOMC meet to impact base metal prices.
MCX Copper 30th September 2021: (previous day close/CMP Rs.710.50)
Comex Copper December: (previous day close/CMP $421.30)
LME Copper Spot: (previous day close/CMP $9245.70)
LME Nickel Spot: (previous day close/CMP $19162.50)
MCX Nickel 30th September 2021: (previous day close/CMP Rs.1456.20):
MCX Aluminum 30th September 2021: (previous day close/CMP Rs.233.20):
Daily Support/Resistance: 230.60 & 236.40
Today’s View: (a) Aluminum can rise to 236.40 and 240.50 as long as it trades over 230.60.
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. Website www.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.
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NOTES TO THE ABOVE REPORT
ALL VIEWS ARE INTRADAY UNLESS OTHERWISE SPECIFIED
PLEASE NOTE: HOLDS MEANS HOLDS ON DAILY CLOSING BASIS
PLEASE USE APPROPRIATE STOP LOSSES ON INTRA DAY TRADES TO LIMIT LOSSES.
APPROPRIATE STOP LOSSES PER LOT IN INDIAN RUPEEES ON THE TRADING CALLS GIVEN IN THIS REPORTTHE TIME GIVEN IN THE REPORT IS THE TIME OF COMPLETION OF REPORT
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