What will be effect of Fed's action today? What to happen today in Copper, Aluminium, USD/INR markets? Maximize your profit and minimize your loss.

 

21^th, September, 2022                                                                             

Commodity	Buy level (LME) Near	Sell level (LME) Near	48 Hours range	10 Days range
Copper	≤7600	≥7800	7650 – 7800	7500 –  8000
Aluminium	≤2250	≥2350	2230 – 2280	2225 – 2350
INR	≤79.30	≥79.80	79.50 – 79.90	79.30  – 80.10

 

 

 

 

OUR VIEW

Copper        – Will remain range bound today.

                        Better to sell, Buy ≤ 7600, Sell ≥ 7800

Aluminium – Will remain range bound today.

                        Better to buy, Buy ≤ 2250, Sell ≥ 2350

 USD/INR   – INR looks to strong, but huge volatility is expected.

                        Better to sell, Buy ≤ 79.30, Sell ≥ 79.80               

 FACTOR AFFECTING MARKET 

·        “Fear is not so fearful as we think” same will happen today.

·        Market has already discounted / accepted 75 BPS rate hike by Fed. If happen above or below 75 BPS that will create panic.

·        Copper and Aluminium looks to perform good till this weekend as no major threat remain as of now expect Fed.

·        INR will remain volatile today but major chance of getting strong. INR will be in range bound till 30^th September as today is Fed meeting and on 30^th September RBI meeting to follow.

·        Overall, remain cautious, as market health seems down day by day.

 Previous forecasting results achieved, showing in Red:

 

Commodity	48 Hours range	10 Days range
Copper	7650 – 7800(20/09)	7600 – 8000
Aluminium	2240(20/09) – 2280(20/09)	2225(20/09) – 2350
INR	79.50(20/09)  – 79.80(20/09)	79.30  – 80.10

 

 

 

 Find previous research, all you need to know.

https://buysellbs.blogspot.com/2022/09/what-to-happen-today-in-copper_20.html

Thank you

Rahul Mudra

Disclaimer: This article is for Study and research purpose. Request you to use your wisdom before applying it.