16th May: MCX Mid day technical update
Wednesday, May 16, 2018
TIME: 4:21 pm IST
MCX MID DAY TECHNICAL UPDATE
Today’s US session For subscribers
Gold June 2018: For subscribers
MCX Silver July 2018: For subscribers
MCX Copper June 2018: Support: 458.00 Resistance: 467.30. Key support is at 458.00. There will be a sell off below 458.00 to 454.30 and 452.60. Copper needs to trade over 462.10 to be in intraday bullish zone and rise further.
MCX Crude Oil 21th May 2018: For subscribers
MCX Zinc May 2018: For subscribers
MCX Lead May 2018: For subscribers
MCX Nickel May 2018: Support: 973.90 Resistance: 997.10-1004.80. Nickel needs to trade over 973.90 to rise to 1004.80 and 1021. Sell off will be there if nickel trades below 973.90. I am against new short term investment in Nickel unless it breaks and trades over 1004.80 with some trailing stop loss.
MCX Natural Gas 25th May 2018: For subscribers
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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. 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.
NOTES TO THE ABOVE REPORT
PLEASE NOTE: HOLDS MEANS HOLDS ON DAILY CLOSING BASIS
PLEASE USE APPROPRIATE STOP LOSSES ON INTRA DAY TRADES TO LIMIT LOSSES.
PLEASE USE A STOP LOSS OF MINIMUM RS.5000-RS.8000 PER LOT ON ALL INTRA DAY TRADES
ALL PRICES ARE IN INDIAN RUPEE UNLESS OTHERWISE SPECIFIED
APPROPRIATE STOP LOSSES PER LOT IN INDIAN RUPEEES ON THE TRADING CALLS GIVEN IN THIS REPORT
Indian Standard Time (IST): +5:30 GMT