MCX Nickel Report: 25th April 2019

By: Admin
4 weeks ago
8725

Insignia Consultants

New Delhi

Thursday, April 25, 2019

TIME 9:28 AM IST                       

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MCX NICKEL REPORT

Options expiry of silver, copper and zinc has been preponed to 25th April (today) instead of 26th April (tomorrow). This will increase volatility in these metals.

Nickel April 2019: (previous day close/CMP Rs.866.50):

  • Key support is at 857.00
  • There will be another wave of sell off below 857.00 to 847 and 837.
  • Nickel needs to trade over 870 to be in intraday bullish zone.

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

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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

The analyses are based on closing price of previous day. Maintaining proper stop loss is always recommended.

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