Insignia Consultants
New Delhi
Monday,
August 20, 2018
TIME:
5:03pm IST
Five “O” Clock
Currency Commodity Report
Closing
prices:
Usd/Inr: 69.8150
Sensex: 38278.75
Nifty: 11551.75
Current rates
Spot Gold: $1187.30
Spot Silver: $14.72
MCX Gold October: Rs.29470
MCX Silver September: Rs.36880
US dollar Index: 96.13
Strong FII inflows and some positive set of corporate news
has resulted in Nifty and Sensex closing at record highs. Rupee is steady
against the US dollar but below 70.00. It seems traders prefer not to go short
for the next day. There is no US economic data release today. Direction of the
US dollar will be the key to precious metals prices. Industrial metals are
looking bullish as well. Crude oil is caught between fundamental bears and
technical bulls.
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. 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.
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.
PLEASE USE A
STOP LOSS OF MINIMUM RS.5000-RS.8000 PER LOT ON ALL INTRA DAY TRADES
ALL PRICES ARE IN
INDIAN RUPEE UNLESS OTHERWISE SPECIFIED
APPROPRIATE STOP LOSSES
PER LOT IN INDIAN RUPEEES ON THE TRADING CALLS GIVEN IN THIS REPORT
Indian Standard Time
(IST): +5:30 GMT
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