Crude

https://www.moneycontrol.com/news/business/wti-crude-oil-prices-sink-mcxs-clearing-corporation-blocks-pay-out-to-brokers-5173361.html

Traders with a long position in the April 2020 contract would now have to pay around Rs1 lakh for every one lot of crude, i.e. 100 barrels, at the MCX quoted closing price of Rs 965 on April 20. This is assuming the person would have paid the full value of the contract.

However, most traders would not have expected to lose the entire value of the contract and are now staring at a loss of over Rs 2.88 lakh. (per lot)..

Be cautious on crude...

Crude

Crude as such .. hope formed bottom...

However.... next month contract variance not shrinked fully....moreover... MCX closes 5 PM... also some restrictions in initiating position...

Last month settlement... long traders are penalised by exchange due to US WTI crude was in Minus..

Hence... no hurry... from my side...

This is not the normal situation to enter...

My take is in "Crude".... wait and trade..

Will inform you, when to enter... have patience..

Nifty

Index swing is up....

Take care..

Nifty

Nifty future today level shifted differently...

Nifty hope may not break 8912....

Nifty future 8912 will act as support (same as s/l... with minimum time frame closing candle)..