Forex, Nifty and Mcx Copper Report : 6th May 2019

FOREX TECHNICAL LEVELS: 6th May 2019         

MCX Copper Report : 6th May 2019

Monday, May 6, 2019

TIME 9:06 AM IST                             

 ------------------------------------------------------------------------------------------------------------------------

NIFTY Technical Report

NIFTY DAILY TECHNICAL LEVELS (Current price 11614.05)
S5	S4	S3	S2	S1		R1	R2	R3	R4	R5
11392.95	11446.72	11504.98	11531.41	11564.12		11669.88	11702.59	11729.03	11787.28	11841.05
All technical are for reference only

Chances of very sharp correction will be very high as  India nears the key last phase of voting on Sunday. All media reports suggest that NDA and UPA have an equal chance of forming the government. All those traders and investors who are long on hopes of another BJP government at the centre can book profit anytime.

Key weekly support is 11614. Crash to 11493.50 and 11022.20 will be high if nifty trades below 11614. Only a break of 11701 will resume the bullish trend. All incoming Indian economic data releases suggest lacklustre growth. Indian economic growth is jobless. Nifty or Indian indices are rising on certain stocks having higher weightage.

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

Disclosure: Everyone in team Insignia Consultants makes investment in delivery based trades on stocks listed in BSE and NSE.

We have no branch

We do not have any marketing agents in any city in India

"Print this report only if absolutely necessary. Save Paper. Save Trees."

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
Customer care: 9311139549
You can also mail your queries at insigniacommodity@gmail.com
Chat Id: telegram/whatsapp 9311139549
              (10:30 am to 5:30 pm Indian time, Monday to Friday)