MCX Mid day Report: 27th December 2018
Thursday, December 27, 2018
TIME: 3:21 pm IST
MCX MID DAY TECHNICAL UPDATE
MCX Zinc December 2018: Support: 177.10 Resistance: 180.20 (a) Small sell off will be there below 177.10 and crash below 175.40. (b) Watch 178. Zinc can move 4-5 either side anytime from 178.
MCX Lead December 2018: Support: 138.20 Resistance: 140.40 (a) Quick rise will be there over 140.60. (b) Small sell off will be there over 138.20 and crash below 137.10. (c) Remain on the sidelines.
MCX Nickel December 2018: Support: 735.50 Resistance: 758.10. (a) Crash will be there only below 735.50. (b) Watch 750. Nickel can move 25-30 either side anytime from 750.
MCX Natural Gas 28th January 2019: Support: 236.40 Resistance: 249.10. (a) NG needs to trade over 249.10 to rise to 256.10 and 264.60. (b) Small sell off will be there below 240.90 and crash below 236.40.
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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