MCX Natural Gas Report: 12th June 2019

Insignia Consultants

New Delhi

Wednesday, June 12, 2019

TIME 9:16 AM IST                       

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MCX NATURAL GAS REPORT

With every fall the risk to return ratio is in favor of the medium term investor of natural gas. Momentum is down. Technically oversold. There can be very sharp pullback rallies in the short term for NG.

Natural gas 25th June 19 (previous day close/CMP Rs.166.80):

Small sell off below: 162.90

Quick rise over: 167.80

  • NG needs to trade over 161.50-162.50 zone to rise to 175.50 and 190 in the short term.
  • Crash till future close will be only below 158.

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. All analyses used herein are subjective opinions of the author and should not be considered as specific investment advice. Investors/Traders must consider all relevant risk factors including their own personal financial situation before trading.Website www.insigniaconsultants.in. Prepared by Chintan Karnani

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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.

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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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