MCX Evening Full Report: 28th February 2019
Thursday, February 28, 2019
TIME: 4:30 pm IST
Gold April 2019 (CMP Rs.33638): Support: 33160 Resistance: 33515. View: Crash will be there only below 33160.
MCX Silver May 2019 (CMP Rs.40488): Support: 40232 Resistance: 40786 View: Crash will be there if silver trades below 40212 after 7pm.
MCX Copper April 2019 (CMP Rs.466.60): Support: 462.10 Resistance: 470.60. Trading call: Sell at 472-473 stop loss 479.90 for 459.90 and 453.90.
MCX Crude Oil 19th March 2019 (CMP Rs.4036): Support: 3988 Resistance 4086 View: Crude oil will zoom if it trades over 4074 after 7pm to 4102 and 4154.
MCX Zinc March 2019 (CMP Rs.197.50): Support: 196.40 Resistance: 199.10. Trading call: No call.
MCX Lead March 2019 (CMP Rs.153.90): Support: 152.20 Resistance: 156.00. Trading call: Sell lead mini at 157.50 stop loss 160.50 for 149.80 (call till tomorrow).
MCX Nickel March 2019 (CMP Rs.933.30): Support: 919.10 Resistance: 948.60. View: Nickel will zoom if it manages to trade over 938 in USA session to 956 and 977.
MCX Natural Gas 26th March 2019 (CMP Rs.201.30): Support: 198.30 Resistance: 206.10. View: NG can rise to 212 if it manages to trade over 199 for the rest of the day.
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.
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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