MCX Report and MCX Trading calls for 20th September 2022

Insignia Consultants

Tuesday, 20 September 2022

9:07 am IST

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MCX DAILY REPORT 

Gold October 2022: (previous day close/CMP Rs.49445.00)

INTRADAY VIEW: 

  1. Gold can rise to 49855 and 50196 today as long as it trades over 49190-49270 zone.
  2. Gold will rise quickly if it trades over 49500.

Silver December 2022: (previous day close/CMP Rs.57083.00)

INTRADAY VIEW: 

  1. Silver has to trade over 56500-56600 zone to rise to 57616 and 58300.
  2. Silver will crash if it trades below 56500.

Crude oil 19th October 2022: (previous day close/CMP Rs.6833.00)

INTRADAY VIEW: 

  1. Crude oil needs to trade over 6720 to rise to 7027 and 7190.
  2. Crude oil will crash only if it trades below 6720.

Natural gas 27th September 2022 (previous day close/CMP Rs.626.10):

INTRADAY VIEW: 

  1. Ng has to trade over 608.70 to rise to 653 and 680.00.
  2. Ng will crash if it trades below 608.70.

Copper September 2022: (previous day close/CMP Rs.653.30)  

INTRADAY VIEW: 

  1. Copper has to trade over 646.50 to rise to 660.00 and 665.
  2. Copper will crash only if it trades below 646.50.
  3. Copper will rise quickly if it trades over 650.00 today.

Zinc September 2022: (previous day close/CMP Rs.283.30) 

Daily Support/Resistance: 278.60 & 286.50

INTRADAY VIEW: (a) Zinc has to trade over 277.00 to rise to 291. (b) Zinc will crash only if it trades below 277.00.

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 

Disclosure: Members, employees, directors, clients and all other people associated with “Insignia consultants” do trade in MCX metals and energies. They may or may not have positions on the trading strategies mentioned in this report. They may also have open positions in MCX metals and energies futures in trading strategies other than those mentioned in this report. 

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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.

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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