Insignia Consultants
Wednesday, August 3, 2022
TIME 2:59 PM IST
MCX REPORT AND MCX TRADING CALLS
Intraday trend is neutral for gold and silver. Copper and base metals are looking at the moment.
Buy or Sell – Intraday trading calls for the rest of the day
Gold October 2022:(CMP Rs.51437.00)
Support/Resistance: 50981, 51173 & 51708, 52072
Trading Strategy:
Silver September 2022: (CMP Rs.57437.00)
Support/Resistance: 56500, 56940 & 57725, 58165
Trading Strategy:
Crude oil 19th August 2022: (CMP Rs.7382.00)
Support/Resistance: 7281 & 7642
Trading Strategy:
Natural Gas August: (CMP Rs.613.50)
Support/Resistance: 599.50 & 646.80
View: Ng can move 30-40 either side from 614.00. But natural gas will crash only if it trades below 599.50 between 8:00 pm and days close at 11:30 pm.
Copper August 2022: (CMP Rs.645.50)
Support/Resistance: 634.40 & 655.10, 665.40
View:
Disclaimer: Any opinions as to the commentary, market information, and future direction of prices of specific c3urrencies, 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.
ALL PRICES ARE IN INDIAN RUPEE UNLESS OTHERWISE SPECIFIED
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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