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manan
9810226906
Friday 21 December 2018
Thursday 20 December 2018
NSE Currency Futures Report : 20th December
New Delhi
Thursday, December 20, 2018
TIME: 9:10 am IST
NSE CURRENCY FUTURES DAILY REPORT
FOMC is over. There was no new surprises. Bank of Japan meeting
did not have any surprises. Central banks have played it safe in the volatile month
of December. Rupee will trade with a softer bias as long as crude oil prices
trade lower. There is a slight chance that rupee may have formed a short term
bottom against the US dollar yesterday. If rupee rises against the US dollar
today, then there will be short covering. December futures are closing next
week. There will be position squaring and rebuilding for next month and next
quarter.
US dollar-Indian Rupee 27th December 2018 future (usd/inr CMP 70.5850):
One Support: 70.4275One Resistance: 70.7450
o
Quick
rise will be there over 70.7450 to 70.9850 and 71.0850.
o
Small
sell off will be there below 70.4275 and crash below 70.2125.
o
Day
traders remain on the sidelines.
Euro/Indian Rupee 27th
December 2018 Futures (Euro/inr CMP 80.4275): One Support: 80.2125
One Resistance: 80.7925
o
Euro/inr
can rise to 81.0025 by tomorrow as long as it trades over 80.2125.
o
Small
sell off will be there below 80.2125.
o
I
am bullish on euro/inr for the rest of the year.
UK Pound/Indian Rupee 27th
December 2018 Futures (Gbp/inr CMP 89.1525): One Support: 88.8725-89.0750
One Resistance: 89.5400
o
Key
support is at 89.0050.
o
Gbp/inr
needs to trade over 89.0050 to rise to 89.5450 and 89.9775.
o
Small
sell off will be there only below 89.0050.
o
There
can be very sharp two way moves.
Japanese Yen/Indian Rupee 27th
December 2018 Futures (Jpy/inr CMP 62.8850): One Support: 62.6050
One Resistance: 63.0975
o
Another
wave of sell off will be there below 62.6050 to 62.4975 and 62.3375.
o
Overall
trend is bullish as long as jpy/inr trades over 62.6050.
Tuesday 18 December 2018
Mcx Copper Report : 18th December 2018
Tuesday, December 18, 2018
TIME 8:40 AM
IST
------------------------------------------------------------------------------------------------------------------------
MCX COPPER
REPORT
Copper will break free from 425-450 wider trading range and
form a new range anytime. Key long term support for copper is at 422. Copper
needs to trade over 422 for the rest of the month to be in a long term bullish
zone.
Copper
February 2019: (previous day close/CMP
Rs.438.80)
Bullish
over 438.50 with 446.80 and 450.60 as price target.
Bearish
below 434.90 with 431.40 and 428.20 as price target.
Neutral Zone:
434.90-438.50
One
Support: 434.90
One Resistance:
441.70
o Small sell off will be there below 438.50
o Crash will be there below 434.90.
o Corrections upto 428.20 are a part of
the long term bull trend.
o Copper needs to trade over 440-441
zone today to rise or be in bullish zone.
Friday 7 December 2018
Wednesday 24 October 2018
Currency Report and Asian Metal Market Update: 24th October 2018
Wednesday, October 24,
2018
TIME 7:19 AM
IST
-------------------------------------------------------------------------------------------------------------------------------------------
ASIAN METALS MARKET
UPDATE
Gold
and silver need to rise after tomorrow’s European central bank meeting and
Friday’s third quarter GDP numbers to zoom. I am against new short term
investment in gold unless trades over $1245.80 on Friday after the release of
US GDP numbers. Long term, gold is still an excellent investment even at
current price of $1235. Asian prices of gold is near an all-time high. Buyers
in Asia will wait for some correction if gold hints of a correction.
Trump
says wants a ten percent reduction in tax rates for the American middle class.
This will happen only if senate election results are known. Even the slightest
indication of this will result in US stock markets zooming and gold crashing as
more than expected interest rate hikes will be there next year. But for
interest rates all the factors are bullish for gold.
I
continue to remain bullish on silver for the long term. I become a laughing
stock when I tell my friends and family members to invest in silver. Silver
investing needs a patience. Silver has to a very small part of the long term
portfolio. I prefer to be a laughing stock rather than change my bullish view
on silver.
COMEX GOLD DECEMBER 2018 –
current price $1235.50
Bullish over $1223.30 with $1233.60 and $1238.10
as price target
Bearish below $1220.40 with $1217.00 and $1209.40
as price target.
Neutral Zone between: $1220.40-$1223.30
·
100% retracement is at
$1245.80. Another wave of rise will be there only over $1245.80.
·
Crash will be there if
gold does not break $1245.80 by Friday or gold falls below $1233.
MCX GOLD DECEMBER 2018 – previous day close Rs.32064.
· Bearish case: 100% retracement is at 32455. Gold can fall back
to 31584 and 31132 by next week in case it does not break 32455.
· Bullish case: A break of 32455 will trigger a rise to 33023 and
33346.
· I am against new investment in gold at current price and will
prefer to wait till Monday and then decide.
· Today small sell off will be there below 31991.
· Quick rise will be there over 32166.
(prices are in Indian rupees above)
HAPPY PROFITABLE TRADING
Disclaimer: Any opinions as to the
commentary, market information, and future direction of prices of specific
currencies, crypto 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.
Trade without emotions
"Print this report only if absolutely
necessary. Save Paper. Save Trees."
NOTES TO THE ABOVE REPORT
ALL VIEWS ARE INTRADAY UNLESS OTHERWISE SPECIFIED
Follow us on Twitter @insigniaconsul1
UK session starts around 1:00 pm Indian Standard Time (+5:30
GMT) -- after the release of LME daily inventories
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.
THE TIME GIVEN IN THE REPORT IS THE TIME OF COMPLETION OF REPORT
Customer care/Whatsapp/Telegram: 9311139549
You can also mail your queries at ‘s
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Tuesday 23 October 2018
Mcx Copper Report : 23rd October 2018
You can also download
our app for these updates :
For other reports and
live trading calls please whatsapp 9311139549.
manan
9810226906
Wednesday 17 October 2018
Currency Report for Exporters and Importers : 17th October 2018
You can also download
our app for these updates :
For other reports and
live trading calls please whatsapp 9311139549.
manan
9810226906
Tuesday 16 October 2018
Crude Oil and Currency Report : 16th October 2018
MCX CRUDE OIL REPORT
Crude
oil 19th October 18: (previous day close/CMP Rs.5273)
Bullish
over 5270 with 5334 and 5478 as price target.
Bearish
below 5249 with 5195 and 5150 as price target.
Neutral
Zone: 5249-5270
One
Support: 5270
One
Resistance: 5334
o
Small sell off will be there below 5270.
o
Crash will be there below 5212.
o
Crude oil needs to trade over 5300-5330 zone (till
tomorrow) to zoom.
Monday 15 October 2018
Crude Oil and Lead Weekly Report : 15th October 2018
WEEKLY TECHNICAL REPORT FOR COMEX/NYMEX FUTURE
NYMEX CRUDE OIL 1ST Contract
Current Market Price: $71.34
Support: $66.50-$67.70-$68.96-$69.50-$70.20
Resistance: $72.40-$73.70-$74.90-$76.10-$77.70
Weekly View:
· 100 day moving average
at $69.40 is the key short term support.
· Crash will be there
only below $69.40.
· I will prefer to remain
on the sidelines this week.
· In case crude oil does
not fall below $69.40 this week, then chances of $77.70 will be very high.
Disclaimer: Any
opinions as to the commentary, market information, and future direction of
prices of specific currencies, crypto currency, 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
NOTES
TO THE ABOVE REPORT
All price above are in
US dollars, unless otherwise specified.
Indian Standard Time
(IST): +5:30 GMT
Current Market Price
(CMP)
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.
THE TIME GIVEN IN THE REPORT IS THE TIME OF COMPLETION OF REPORT
WEEKLY LEAD REPORT
Lead
31st October 2018: (previous day close/CMP Rs.152.20):
Support:
137.20-140.80-144.70-146.40-148.60-150.70
Resistance:
154.70-156.30-159.60-163.50-167.10-169.70
o
100 day moving average is at 152.60.
o
200 day moving average is at 156.30.
o
Lead can zoom to 167.10 and 169.70 on a break of
156.30.
o
Corrections upto 144.70 are a part of the bull rally.
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