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Daily Mcx Report

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Daily Mcx Report

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  1. CapitalStars Financial Research Pvt.,Ltd., 1 SEBI Registration Number:INA000001647 MCXDailyReport 30 OCT2018 NewsHighlights Gold prices edge down amid fears trade war could rampup. Gold rose on Friday to a more than three-month peak as investors rushed to the safety of bullion as stock markets around the globe plunged, putting the metal on track for its fourth week of gains. Spot gold was on course for a fourth weekly gain, its longest winning streak since January. Stocks worldwide spiraled downward on Friday and were set to post their worst weekly losing streak in more than five years. Rising rates are normally negative for gold because they increase the opportunity cost of holding non-yielding bullion and could boost the dollar, in which gold is priced. Gold demand in India this week was muted as a recent rally in domestic prices prompted buyers to postpone purchases despite the approaching festival and wedding season. Prices are up more than 6 percent after falling to $1,159.96 an ounce in mid-August, the lowest since January2017. Market participants should monitor China’s efforts to boost domesticdemand. As the US dollar re bounded, LME copper came off from day-highs of $6,240/mt on Monday. As longs covered their positions, LME copper extended its decline and lost all earlier losses by closing. The SHFE 1812 contract opened higher and rose to a high of 50,170/mt overnight as longs added their positions. The contract then turned around, tracking losses in its LME counterpart and dropping to a low of 49,830 yuan/mt. The US dollar remained strong against the euro due to political uncertainty in Europe. Market participants should monitor China’s efforts to boost domestic demand. Copper prices are likely to trade range boundaround $6,200/mt in the short term. LME copper is expected to trade at $6,120-6,200/mt today with the SHFE 1812 contract at 49,800-50,300 yuan/mt. Spot discounts are seen at 100-80 yuan/mt. Anticipation of nickel pig iron (NPI) supply increases and downstream consumptioncuts. LME nickel fell and closed at $11,740/mt on Monday. As shorts added their positions, the SHFE 1901 contract reversed its earlier gains that it made on short-covering and ended at 98,330 yuan/mt overnight. LME nickel is likely to hover around $11,800/mt today with the SHFE 1901 contract at 97,500-99,000 yuan/mt. Spot prices are seen at 99,000-107,500 yuan/mt. Brent oil prices dips on rising supply, global marketwoes. Brent oil prices dipped on Tuesday, weighed down by ongoing weakness in global stock markets and by signs of rising global supply despite looming sanctions on Iran's crude exports. Oil has been caught up in broad financial market slumps this month, with stocks falling again on Monday after reports Washington was planning an additional $257 billion worth of tariffs on Chinese goods if upcoming talks between Presidents Donald Trump and Xi Jinping fail to end a trade war between the world's two largest economies. Oil prices are hurting consumers and could dent demand, the executive director of the International Energy Agency(IEA)saidonTuesdayaretwodownwardpressuresonglobaloildemandgrowth.One

  2. is high oil prices, and in many countries they're directly related to consumer prices. The second one is global economic growth momentum slowing down," said IEA chief FatihBirol.

  3. CapitalStars Financial Research Pvt.,Ltd., SEBI Registration Number:INA000001647 MCXDailyReport 30 OCT2018 PreciousMetals CS GOLD (DEC)OVERVIEW: TREND : SIDEWAYS RESIST 2:32200 RESIST 1:32100 SUP1:31850 SUP 2:31750 WWW.CAPITALSTARS.COM +917440449744 CS SILVER (DEC) OVERVIEW: TREND : BEARISH RESIST 2: 38900 RESIST 1: 38700 SUP 1: 38200 SUP 2: 38000 WWW.CAPITALSTARS.COM +917440449744 BaseMetals CS COPPER (NOV) OVERVIEW: TREND : BEARISH RESIST2:455.00 RESIST1:450.00 SUP 1: 442.00 SUP 2: 438.00 WWW.CAPITALSTARS.COM +917440449744 CS NICKEL (OCT) OVERVIEW: TREND : BEARISH RESIST 2:880.00 RESIST 1:870.00 SUP 1: 860.00 SUP 2: 850.00 WWW.CAPITALSTARS.COM +917440449744 CS ZINC (OCT) OVERVIEW: TREND : BEARISH RESIST2:202.00 RESIST1:199.00 SUP 1:196.00 SUP 2: 194.00 WWW.CAPITALSTARS.COM +917440449744 CS LEAD (OCT) OVERVIEW: TREND : BEARISH RESIST 2:147.00 RESIST 1:145.00 SUP 1:142.00 SUP 2: 140.00 WWW.CAPITALSTARS.COM +917440449744 CS ALUMINIUM (OCT)OVERVIEW: TREND :BEARISH RESIST 2:148.00 RESIST 1:146.00 SUP 1:144.00 SUP 2:142.00 WWW.CAPITALSTARS.COM+917440449744 Energies CS CRUDE OIL (NOV)OVERVIEW: TREND :BEARISH RESIST 2:5020 RESIST 1:4960 SUP 1:4840 SUP 2: 4800 WWW.CAPITALSTARS.COM +917440449744 CS NATURAL GAS (NOV)OVERVIEW: TREND :BEARISH RESIST 2:239.00 RESIST 1:237.00 SUP 1:232.00 SUP 2: 230.00 WWW.CAPITALSTARS.COM +917440449744

  4. CapitalStars Financial Research Pvt.,Ltd., 3 SEBI Registration Number:INA000001647 MCXDailyReport 30 OCT2018 Pick for theDAY • MCX Crude on Friday as seen in the Daily chart opened at 4902 levels and made day low of 4868 levels. During this period Crude High is 4980 levels and finally closed at 4953 levels. Now, there are chances of down movement technically & fundamentally. • Brent oil prices dipped on Tuesday, weighed down by ongoing weakness in global stock markets and by signs of rising global supply despite looming sanctions on Iran's crudeexports. • Oil prices are hurting consumers and could dent demand, the executive director of the International Energy Agency (IEA) said on Tuesday is two downward pressures on global oil demandgrowth. DAILY RECOMMENDATION: SELL MCX CRUDE NOV BELOW 4936 LEVELS FOR TARGET OF 4920/4905 WITH SL 4978 OF LEVELS.

  5. CapitalStars Financial Research Pvt.,Ltd., 4 SEBI Registration Number:INA000001647 MCXDailyReport 30 OCT2018 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 financialadviser. 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 allRights. CONTACTUS BRANCHOFFICE Capitalstars Financial Research Private Limited Forex Trading Tips Stock Market Tips Share TipsExpert PLOT NO.32, MECHANIC NAGAR EXTENSION, IDA SCHEME NO.54, VIJAYNAGARINDORE REGISTEREDOFFICE PLOT NO.12, SCHEME NO.78 PART-II, VIJAY NAGAR,INDORE Email :-backoffice@capiltalstars.in

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