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Daily Mcx Reports 12 March 2019

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Daily Mcx Reports 12 March 2019

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  1. CapitalStars Financial Research Pvt., Ltd., 1 SEBI Registration Number: INA000001647 12THMAR 2019 MCX Daily Report News Highlights BULLION - Bullion counter may witness some bounce back at lower levels as the dollar edged lower against major currencies following the U.S. retail sales data and a rally in the pound. U.S. retail sales rose 0.2 in January, surprising economists who had expected an unchanged result. Gold can take support near 31700 and can recover towards 32100. Silver can take support near 38000 and can recover towards 38700. Prime Minister Theresa May won legally binding Brexit assurances from the European Union on Monday in a last ditch attempt to sway rebellious British lawmakers who have threatened to vote down the deal again. Federal Reserve chairman Jerome Powell said the U.S. central bank does “not feel any hurry” to change the level of interest rates again as it watches how a slowing global economy affects local conditions in the U.S. ENERGY- Crude oil may open on positive note as oil prices rose on Tuesday, lifted by output cuts led by producer group OPEC as well as healthy demand, and although analysts said economic headwinds posed downside risks to crude markets. Venezuela’s opposition-run congress on Monday declared a “state of alarm” over a five-day power blackout that has crippled the country’s oil exports and left millions of citizens scrambling to find food and water. The United States will drive global oil supply growth over the next five years, adding another 4 million barrels per day (bpd) to the country’s already booming output, the International Energy Agency said on Monday. U.S. crude oil output will rise nearly 2.8 million bpd, growing to 13.7 million bpd in 2024 from an average of just under 11 million bpd in 2018, the IEA said, making the United States by far the biggest oil producer in the world. Natural gas may remain sideways as it can take support near 192 while taking facing resistance near 196 in MCX. U.S. natural gas futures fell to a two-week low on Monday on forecasts for the weather to turn warmer over the next two weeks than previously expected. Meteorologists now project temperatures will remain near normal through late March. Last week, they were forecasting seasonal weather this week and cooler than normal temperatures next week. BASE METAL - Base metals prices may trade with positive bias. London base metal prices rose across the board in early Asian trade on Tuesday, supported by a weaker dollar and tracking stock markets higher after the European Commission agreed to changes in a Brexit deal. Copper may take support near 445 and can recover towards 458 in MCX. China's automobile sales fell 13.8 percent year-onyear in February, marking the eighth consecutive month of decline in the world's largest auto market. Zinc can take support near 192 while facing resistance near 195. The global zinc market deficit narrowed to 28,000 tonnes in January from a revised deficit of 62,400 tonnes in December, data from the International Lead and Zinc Study Group (ILZSG) showed. Lead can move in range of 143-146. Nickel can also test 920 while taking support near 900. Aluminum prices may trade in range of 142-144. Queues to take aluminum out of LME- approved warehouses owned by ISTIM UK in Port Klang, Malaysia rose to 229 days in February from 118 days in January and zero days in December.

  2. CapitalStars Financial Research Pvt., Ltd., 2 SEBI Registration Number: INA000001647 12THMAR 2019 MCX Daily Report Precious Metals TREND : BEARISH TREND : BEARISH SUP 1:31800 SUP 2:31700 WWW.CAPITALSTARS.COM +919977499927 WWW.CAPITALSTARS.COM +919977499927 Base Metals CS COPPER (APR) OVERVIEW: TREND : BEARISH RESIST 2:454.00 RESIST 1:452.00 SUP 1: 448.00 SUP 2: 446.00 TREND : BEARISH RESIST 2: 927.00 RESIST 1: 912.00 SUP 1: 890.00 SUP 2: 882.00 CS ZINC (MAR) OVERVIEW: TREND : SIDEWAYS RESIST 2:197.00 RESIST 1:195.00 SUP 1: 192.00 SUP 2: 190.00 CS LEAD (MAR) OVERVIEW: TREND : BEARISH RESIST 2: 150.00 RESIST 1: 147.00 SUP 1: 143.00 SUP 2: 141.00 CS ALUMINIUM (MAR) OVERVIEW: TREND : SIDEWAYS RESIST 2: 146.00 RESIST 1: 145.00 SUP 1: 143.00 SUP 2: 142.00 WWW.CAPITALSTARS.COM +919977499927 Energy TREND : SIDEWAYS TREND : SIDEWAYS

  3. CapitalStars Financial Research Pvt., Ltd., 3 SEBI Registration Number: INA000001647 12THMAR 2019 MCX Daily Report Pick for the DAY MCX ALUMINIUM MAR on MONDAY as seen in the Daily chart opened at 144.55 levels and made day low of 143.25 Levels. During this period ALUMINIUM MAR High is 145.15 levels and finally closed at 143.40 levels. Now, there are chances of down movement technically & fundamentally. DAILY RECOMMENDATION: SELL MCX ALUMINIUM MAR BELOW 144 LEVELS FOR TARGET OF 143/142 WITH SL 145.5 OF LEVELS.

  4. CAPITALSTARSFINANCIALRESEARCHPVT.LTD. CapitalStars Financial Research Private Limited is an advisory company incepted with a vision of providing fair and accurate trading and investment calls in share and commodity market. we specialize in thorough fundamental and technical research analysis in equity and commodity market to provide best equity and commodity tips to traders and investors. we provide intraday as well as delivery stock tips in NSE and BSE and commodity tips in MCX and NCDEX. Get our more services:- Intraday stock tips Financial advisory company Share market company Stock Tips * Investment & Trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance. * CapitalStars Investment Adviser: SEBI Registration Number: INA000001647 4

  5. CapitalStars Financial Research Pvt., Ltd., SEBI Registration Number: INA000001647 12THMAR 2019 MCX Daily Report Disclaimer The information and views in this report & all the service we provide are believed to be reliable, but we do not accept any responsibility for errors of fact or opinion. Investors have the right to choose the product/s that suits them the most. Sincere efforts have been made to present the right investment perspective. The information contained herein is based on analysis and up on sources that we consider reliable. This material is for personal information and based upon it & takes no responsibility. The information given herein should be treated as only factor, while making investment decision. The report does not provide individually tailor-made investment advice. My research recommends that investors independently evaluate particular investments and strategies, and encourages investors to seek the advice of a financial adviser. Capital Stars shall not be responsible for any transaction conducted based on the information given in this report, which is in violation of rules and regulations of regulators. The price projections shown are not necessarily indicative of future price performance. The information herein, together with all estimates and forecasts, can change without notice. It is understood that anyone who is browsing through the site has done so at his free will and does not read any views expressed as a recommendation for which either the site or its owners or anyone can be held responsible for. Investment & Trading in Securities Markets are always subjected to market risk. Capitalstars Financial Research Private Ltd., Reserves all Rights. CONTACT US BRANCH OFFICE Capitalstars Financial Research Private Limited PLOT NO.32, MECHANIC NAGAR EXTENSION, IDA SCHEME NO.54, VIJAYNAGAR INDORE REGISTERED OFFICE PLOT NO.12, SCHEME NO.78 PART-II, VIJAY NAGAR, INDORE Email :- backoffice@capitalstars.com CONTACT US:- 9039012727/9977499927 Report Is Checked By Investment Advisor:

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