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MCX Daily Report 11 TH APR 2019

Bullion counter may witness some profit booking at higher levels. Gold on Thursday<br>hovered near a two-week peak touched in the previous session, as the dollar struggled after the<br>U.S. Federal Reserve and the European Central Bank signaled steady interest rates amid a slowing<br>global economy

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MCX Daily Report 11 TH APR 2019

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  1. CapitalStars Financial Research Pvt., Ltd., 1 SEBI Registration Number: INA000001647 MCX Daily Report 11TH APR 2019 News Highlights BULLION - Bullion counter may witness some profit booking at higher levels. Gold on Thursday hovered near a two-week peak touched in the previous session, as the dollar struggled after the U.S. Federal Reserve and the European Central Bank signaled steady interest rates amid a slowing global economy. The dollar held near two-week lows as Fed minutes reinforced dovish policy expectations while the pound held recent ranges after European leaders extended the deadline for Britain to leave the union, averting a no-deal Brexit. The Fed is likely to leave interest rates unchanged this year given risks to the U.S. economy from a global slowdown and uncertainty over trade policies and financial conditions, according to the minutes from its March 19-20 policy meeting. U.S. consumer prices increased by the most in 14 months in March, but the underlying inflation trend remained benign amid slowing domestic and global economic growth. European Union leaders agreed to grant British Prime Minister Theresa May a new Brexit deadline of Oct. 31, officials said, after French President Emmanuel Macron opposed efforts to give her another year. ENERGY- Crude oil may trade lower as oil prices fell on Thursday after U.S. crude stockpiles surged to their highest levels in almost 17 months amid record production. U.S. crude inventories rose 7 million barrels to 456.6 million barrels in the last week, their highest since November 2017, the Energy Information Administration said on Wednesday. U.S. crude oil production EIA remained at a record 12.2 million barrels per day (bpd), making the United States the world’s biggest oil producer ahead of Russia and Saudi Arabia. Despite this growth in U.S. supply, global oil markets remain tight amid supply cuts led by the Organization of the Petroleum Exporting Countries (OPEC), U.S. sanctions on oil exporters Iran and Venezuela, and escalating fighting in Libya. Venezuela’s oil output sank to a new long-term low last month due to U.S. sanctions and blackouts, with production plunging to 960,000 bpd in March, a drop of almost 500,000 bpd from February. U.S. natural gas futures gained less than a penny on Wednesday as declining output offset forecasts for cooler weather and less heating demand next week. BASE METAL - Base metals prices may trade with negative bias. London copper on Thursday was almost unchanged, as support from progressing U.S.-China trade talks was countered by rising supply and concerns about a global slowdown. Copper stockpiles in warehouses monitored by the Shanghai Futures Exchange stayed at 257,320 tonnes by the end of last week, up from around 100,000 tonnes at the beginning of this year. Chinese miner MMG Ltd has sent some supplies and personnel to its copper mine Las Bambas after protesters in Peru partially suspended their two- month road blockades, a company source said on Wednesday. Chile’s Codelco, the world’s biggest copper producer, is set to shell out $40 billion in 10 years to overhaul its century-old Chuquicamata and El Teniente mines.

  2. CapitalStars Financial Research Pvt., Ltd., 2 SEBI Registration Number: INA000001647 MCX Daily Report 11TH APR 2019 Precious Metals CS GOLD (JUN) OVERVIEW: TREND : BULLISH RESIST 2: 32400 RESIST 1: 32300 SUP 1: 32100 SUP 2: 32000 WWW.CAPITALSTARS.COM +919977499927 CS SILVER (MAY) OVERVIEW: TREND : BULLISH RESIST 2: 38000 RESIST 1: 37970 SUP 1: 37700 SUP 2: 37500 WWW.CAPITALSTARS.COM +919977499927 Base Metals CS COPPER (APR) OVERVIEW: TREND : SIDEWAYS RESIST 2: 452.00 RESIST 1: 450.00 SUP 1: 445.00 SUP 2: 443.00 WWW.CAPITALSTARS.COM +919977499927 CS NICKEL (APR) OVERVIEW: TREND : SIDEWAYS RESIST 2: 924.00 RESIST 1: 918.00 SUP 1: 909.00 SUP 2: 905.00 WWW.CAPITALSTARS.COM +919977499927 CS ZINC (APR) OVERVIEW: TREND : BULLISH RESIST 2: 226.00 RESIST 1: 225.00 SUP 1: 224.00 SUP 2: 222.00 WWW.CAPITALSTARS.COM +919977499927 CS LEAD (APR) OVERVIEW: TREND : SIDEWAYS RESIST 2: 138.00 RESIST 1: 136.00 SUP 1: 134.00 SUP 2: 133.00 WWW.CAPITALSTARS.COM +919977499927 CS ALUMINIUM (APR) OVERVIEW: TREND : SIDEWAYS RESIST 2: 148.00 RESIST 1: 147.00 SUP 1: 146.00 SUP 2: 145.00 WWW.CAPITALSTARS.COM +919977499927 Energy CS CRUDE OIL (APR) OVERVIEW: TREND : BULLISH RESIST 2: 4510 RESIST 1:4490 SUP 1: 4445 SUP 2: 4410 WWW.CAPITALSTARS.COM +919977499927 CS NATURAL GAS (APR) OVERVIEW: TREND : SIDEWAYS RESIST 2: 190.00 RESIST 1: 189.00 SUP 1: 186.00 SUP 2: 185.00 WWW.CAPITALSTARS.COM +919977499927

  3. CapitalStars Financial Research Pvt., Ltd., 3 SEBI Registration Number: INA000001647 MCX Daily Report 11TH APR 2019 Pick for the DAY MCX LEAD APR on WEDNESDAY as seen in the Daily chart opened at 137.50 levels and made day low of 134.80 Levels. During this period LEAD APR High is 137.50 levels and finally closed at 134.95 levels. Now, there are chances of down movement technically & fundamentally. DAILY RECOMMENDATION: SELL MCX LEAD APRBELOW 134.70 LEVELS FOR TARGET OF 133.50/132.50 WITH SL 136 OF LEVELS.

  4. CapitalStars Financial Research Pvt., Ltd., 4 SEBI Registration Number: INA000001647 MCX Daily Report 11TH APR 2019 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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