MCX Natural Gas Report: 6th November 2018

Insignia Consultants

New Delhi

Tuesday, November 6, 2018

TIME 8:46 AM IST                       

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MCX NATURAL GAS REPORT – Happy Kali Puja

Natural gas 27th November 18 (previous day close/CMP Rs.257.60):

Bullish over 253.50 with 263.40 and 271.50 as price target.

Bearish below 250.10 with 246.40 and 241.20 as price target.

Neutral Zone: 250.10-253.50

One Support: 253.50

One Resistance: 264.10.

  • 100% retracement is at 264.10.
  • There will be another wave of rise over 264.10 to 271.50 and 289.90.
  • Bearish trend will be there only below 253.50.
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. Website www.insigniaconsultants.in. Prepared by Chintan Karnani
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NOTES TO THE ABOVE REPORT
ALL VIEWS ARE INTRADAY UNLESS OTHERWISE SPECIFIED
UK session starts around 1:00 pm Indian Standard Time (+5:30 GMT)
US session starts at 6pm pm Indian Standard Time (+5:30 GMT)
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 REPORTTHE TIME GIVEN IN THE REPORT IS THE TIME OF COMPLETION OF REPORT
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