MCX Report: 13th September 2018

Insignia Consultants

New Delhi

Thursday, September 13, 2018

TIME: 3:06 pm IST

MCX MID DAY TECHNICAL UPDATE – MCX WILL OPEN AT 5:00PM.

Trend after 6:45pm will be the key. European central bank press conference at 6:00pm is important. Crude oil should fall as the hurricane has reduced before reaching land.

MCX Crude Oil 19th September 2018: Support: 5026 Resistance 5144. (a) Crude oil can fall to 4961 and 4896 as long as it trades below 5144. (b) Trend is down.

MCX Natural Gas 25th September 2018: Support: 202.20 Resistance: 210.70. (a) Sell off will be there only below 202.20.

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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
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.
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
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