MCX Copper Report: 19th September 2019

By: Admin
5377

Insignia Consultants

New Delhi

Thursday, 19 September 2019

TIME 9:03 AM IST                         

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MCX COPPER REPORT

Small view on gold and silver

Indians are not buying gold and silver. Asians will wait and watch till tomorrow and then decide on the short term investing strategy. I will prefer to use sharp dips in gold and silver (over the next three weeks) to invest for the long term. Long term target for gold is still over $2250. So big crashes should be used to invest.

To the jeweler brothers in India, use any five percent or more fall in gold and silver to stock up for the festive season which starts from 29th September.

The next three days (till Monday) is very crucial for gold and silver. Serious boom or bust times ahead.

Copper September 2019:  (previous day close/CMP Rs.448.30)

  1. Crash will be there if copper trades below 445 for the rest of the day.
  2. Use any 6-7 fall (if any) to buy with a stop loss below 436.10 for next week.
  3. Copper needs to trade over 450 today to rise to 454.10 and 459.

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: Insignia consultants or it employees do not have any trading positions on the trading strategies mentioned above. Our clients do have positions on the trading strategies mentioned in the above report.

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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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