MCX Daily Report - 6 Nov 2017

1. CapitalStars Financial Research Pvt., Ltd., 1 SEBI Registration Number: INA000001647 MCX Daily Report - 06 NOV 2017 News High lights Gold Prices Dip In Asia With Saudi Crackdown In Focus. Gold prices dipped in Asia on Monday despite heightened political risk in the Middle east with a surprise shakeup of Saudi Arabia's leadership. In weekend news, Saudi Arabia’s King Salman bin AbdelAziz, announced the formation of a ‘supreme committee chaired by Crown Prince (Mohammed bin Salman) and Chairman of the Monitoring and Investigation Commission, Chairman of the National Anti-Corruption Authority, Chief of the General Audit Bureau, Attorney General and Head of State Security’. The move includes the reported detainment Prince Alwaleed bin Talal, whose Kingdom Holdings dropped 10% in trading on the Tadawul stock exchange on Sunday. The White House statement said Sunday that Trump and Salman held a phone call discussing counterterrorism efforts, "the continuing threat of Iranian-backed Houthi militias in Yemen" and Saudi Arabia's interception of a missile fired from Yemen at its capital, Riyadh but the white house said nothing about whether the arrests were discussed. Review of Copper Concentrates market: Spot TC Stabilizes, Market being Calm. Last week see a stable tendency for imported copper concentrates market. With all parties waiting progress of LME Week, up to last Friday, TC of SMM Spot offers at $85-93 per tonne. Currently TC of copper concentrates has been stabilizing, in contrast to surge of last month. Main offer still keeps above $90 per tonne, with high point at $95 per tonne. It is learned that currently smelting plants have enough inventories and some large-scale traders have ended their goods clearance. Official of Russia Aluminium: High Cost Lowering Producers’ Profit. An official of aluminium giant RUSAL said, during recent months raw materials cost have surges, which reduces profits of aluminium producers. He said, LME Aluminium has risen by 25% this year, which boosts benefits of aluminium enterprises. While the benefits have declined due to rising price of raw materials such as alumina, sodium hydroxide and carbon electrode. Oil hits highest levels since 2015 amid tightening markets, Saudi purge. Oil prices hit their highest levels since July 2015 early on Monday as markets tightened, while Saudi Arabia's crown prince cemented his power over the weekend through an anti- corruption crackdown that included high profile arrests. Crown Prince Mohammed bin Salman, also known as MBS, has tightened his grip on power through an anti-corruption purge by arresting royals, ministers and investors including prominent business billionaire Alwaleed bin Talal and the head of the National Guard, Prince Miteb bin Abdullah. RBC Capital Markets said in a note that although the "purge represents a stunning political development in Saudi Arabia," it expected "no immediate changes" in the oil policy of Saudi Arabia, which is the world's biggest exporter of crude oil. "MBS seems strongly committed to anchoring the OPEC agreement deep into 2018 and moving ahead with the Aramco sale," RBC said.

2. CapitalStars Financial Research Pvt., Ltd., 2 SEBI Registration Number: INA000001647 MCX Daily Report -06 NOV 2017 Precious Metals CS GOLD (DEC) OVERVIEW: TREND : BEARISH RESIST 2: 29400 RESIST 1: 29300 SUP 1: 29000 SUP 2: 28900 TREND : SIDEWAYS RESIST 2: 457.00 RESIST 1: 455.00 TREND : BULLISH RESIST 2: 850.00 RESIST 1: 845.00 TREND : SIDEWAYS RESIST 2: 214.00 RESIST 1: 212.00 TREND : BULLISH RESIST 2: 165.00 RESIST 1: 163.00 CS ALUMINIUM (NOV) OVERVIEW: TREND : BULLISH RESIST 2: 144.00 RESIST 1: 143.00 SUP1: 139.50 SUP2: 138.00 WWW.CAPITALSTARS.COM +917316690000 Energies CS CRUDE OIL (NOV) OVERVIEW: TREND : BULLISH RESIST 2: 204.00 RESIST 1: 201.00

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4. CapitalStars Financial Research Pvt., Ltd., 4 SEBI Registration Number: INA000001647 MCX Daily Report - 06 NOV 2017 Pick for the Day MCX Crude Oil Nov on Friday as seen in the daily chart opened at 3540 levels and day high of 3589 levels. During this period price corrected & made day low of 3522 levels finally closed at 3579 levels. Now, there are chances of further Upside movement technically & fundamentally. . ∑ Prices received another boost as a sizable weekly drop in active U.S. oil rigs fed expectations for a slowdown in domestic crude output growth. Oilfield services firm Baker Hughes reported that the number of active U.S. rigs drilling for oil fell by eight to 729 last week. That was the fourth weekly decline in five. ∑ The weekly rig count is an important barometer for the drilling industry and serves as a proxy for domestic oil production. Oil prices extended a rally which began in early October, largely driven by hopes that oil producing countries will agree to extend an output cut at their meeting at the end of this month. ∑ Discussions are continuing in the run-up to the Nov. 30 meeting, which oil ministers from OPEC and the participating non-OPEC countries will attend. DAILY RECOMMENDATION: Buy MCX CRUDE OIL NOV AROUND 3580 LEVELS FOR TARGET OF T1 3630/T2 3650 WITH SL 3500 OF LEVELS.

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