MCX Copper Report: 11th June 2019

Insignia Consultants

New Delhi

Tuesday, June 11, 2019

TIME 9:06 AM IST                       

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MCX COPPER REPORT

Copper if it rises today will attract short covering. This is the last copper contract. MCX so far has not issued any guidelines for future contract. Trade very carefully in copper till end June. You will be busted on a bad trade. You cannot roll over your open position.

Copper June 2019:  (previous day close/CMP Rs.412.25)

  1. Copper can rise to 417 and 421 as long as it trades over 405-406 zone.
  2. Crash will be there if copper does not break 417 by tomorrow.
  3. Trade very carefully today.
  4. There can be very sharp two way moves.

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.

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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