Platinum Daily View for 17th November 2023

By: Admin
83895

Insignia Consultants

Friday, November 17, 2023

 TIME 11:15 AM IST                       

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PLATINUM DAILY VIEW for 17th November 2023

There can be very sharp two way price moves today in Platinum. Overall a technical trade today.

PLATINUM JANUARY FUTURE (current market price $898.70)

  1. Daily support: $887.20 and $895.20
  2. Daily resistance: $910.30 and $917.90 and $928.90
  3. Platinum January CME future has to trade over $893.40 to rise to $912.10 and $923.90.
  4. Sellers will be there only a sustained fall below $893.40.
  5. Trend after London open is the key OR Trend after 3:00 pm Indian Time and till days close is the key.

Disclaimer: Any opinions as to the commentary, market information, and future direction of prices of specific currencies, metals and commodities reflect the views o 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 consider7ed as specific investment advice. Investors/Traders must consider all relevant risk factors including their own personal financial situation before trading. Prepared by Chintan Karnani Website www.insigniaconsultants.in.

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

  1. ALL VIEWS ARE INTRADAY UNLESS OTHERWISE SPECIFIED
  2. Follow us on Twitter @insigniaconsul1
  3. PLEASE NOTE: HOLDS MEANS HOLDS ON DAILY CLOSING BASIS
  4. PLEASE USE APPROPRIATE STOP LOSSES ON INTRA DAY TRADES TO LIMIT LOSSES.
  5. THE TIME GIVEN IN THE REPORT IS THE TIME OF COMPLETION OF REPORT
  6. ALL PRICES/QUOTES IN THIS REPORT ARE IN US DOLLAR UNLESS OTHERWISE SPECIFED.
  7. ALL NEWS IS TAKEN  FROM REUTERS NEWSWIRES.
  8. TECHNICAL ANALYSIS IS DONE FROM TRADINGVIEW SOFTWARE
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