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MCX Daily Report 26 TH APR 2019

Bullion counter may trade on positive note as gold rose on Friday, on track for its<br>first weekly gain in five weeks as investors focused on signs of economic weakness after<br>dismal data from Germany and Asia, although a strong dollar ahead of U.S. GDP data kept a lid<br>on gains.

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MCX Daily Report 26 TH APR 2019

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  1. CapitalStars Financial Research Pvt., Ltd., 1 SEBI Registration Number: INA000001647 MCX Daily Report 26TH APR 2019 News Highlights BULLION - Bullion counter may trade on positive note as gold rose on Friday, on track for its first weekly gain in five weeks as investors focused on signs of economic weakness after dismal data from Germany and Asia, although a strong dollar ahead of U.S. GDP data kept a lid on gains. The dollar was also helped by data showing new orders for U.S.-made capital goods increased by the most in eight months in March, hitting their highest level on record. Japan’s industrial output fell 0.9 percent in March from the previous month, down for the first time in two months, government data showed on Friday. The U.S. Federal Reserve is done raising interest rates until at least the end of next year, while about a third of economists polled by Reuters who had a view that far out predicted at least one rate cut by then. ENERGY- Crude oil may witness some profit booking at higher levels as oil prices dipped on Friday on expectations that producer club OPEC will soon raise output to make up for a decline in exports from Iran following a tightening of sanctions by the United States against Tehran. But prices were already gaining before the Russian disruption, driven up by supply cuts led by the Middle East dominated Organization of the Petroleum Exporting Countries (OPEC) and U.S. sanctions against Venezuela and Iran. Crude futures are up around 40 percent so far this year. Washington said on Monday it would end all exemptions for sanctions against Iran, demanding countries halt oil imports from Tehran from May or face punitive action from Washington. To make up for the shortfall from Iran, the United States is pressuring OPEC’s de- facto leader Saudi Arabia to end its voluntary supply restraint. Despite U.S. efforts to drive Iranian oil exports down to zero, many analysts expect some oil to still seep out of the country. U.S. natural gas futures rose following the release of a storage report that was mostly in line with expectations, but warmer-than-normal weather, low heating demand and near- record production kept a lid on prices. BASE METAL - Base metals prices may trade with sideways to positive bias. London copper prices on Friday inched away from a one-month low touched in the previous session, buoyed as the U.S. dollar eased from a two-year high. Sentiment was also supported by news that U.S. President Donald Trump would soon host Chinese leader Xi Jinping at the White House, setting the stage for a possible agreement on trade between the world’s two largest economies. Freeport-McMoRan Inc’s copper output fell 18 percent to around 340,000 tonnes in the first quarter, while Anglo American’s production rose by 4 percent to 161,100 tonnes. Australian miner Aurelia Metals Ltd said it was in talks about a possible acquisition of Glencore’s CSA copper mine in the state of New South Wales.

  2. CapitalStars Financial Research Pvt., Ltd., 2 SEBI Registration Number: INA000001647 MCX Daily Report 26TH APR 2019 Precious Metals CS GOLD (JUN) OVERVIEW: TREND : SIDEWAYS RESIST 2: 32200 RESIST 1: 32000 SUP 1: 31700 SUP 2: 31600 WWW.CAPITALSTARS.COM +919977499927 CS SILVER (MAY) OVERVIEW: TREND : BULLISH RESIST 2: 37900 RESIST 1: 37700 SUP 1: 37200 SUP 2: 37000 WWW.CAPITALSTARS.COM +919977499927 Base Metals CS COPPER (APR) OVERVIEW: TREND : SIDEWAYS RESIST 2: 453.00 RESIST 1: 448.00 SUP 1: 442.00 SUP 2: 439.00 WWW.CAPITALSTARS.COM +919977499927 CS NICKEL (APR) OVERVIEW: TREND : SIDEWAYS RESIST 2: 870.00 RESIST 1: 866.00 SUP 1: 860.00 SUP 2: 857.00 WWW.CAPITALSTARS.COM +919977499927 CS ZINC (APR) OVERVIEW: TREND : BULLISH RESIST 2: 235.00 RESIST 1: 233.00 SUP 1: 228.00 SUP 2: 225.00 WWW.CAPITALSTARS.COM +919977499927 CS LEAD (APR) OVERVIEW: TREND : SIDEWAYS RESIST 2: 137.00 RESIST 1: 136.00 SUP 1: 134.00 SUP 2: 133.00 WWW.CAPITALSTARS.COM +919977499927 CS ALUMINIUM (APR) OVERVIEW: TREND : BULLISH RESIST 2: 155.00 RESIST 1: 154.00 SUP 1: 152.00 SUP 2: 151.00 WWW.CAPITALSTARS.COM +919977499927 Energy CS CRUDE OIL (MAY) OVERVIEW: TREND : SIDEWAYS RESIST 2: 4700 RESIST 1:4670 SUP 1: 4610 SUP 2: 4590 WWW.CAPITALSTARS.COM +919977499927 CS NATURAL GAS (MAY) OVERVIEW: TREND : SIDEWAYS RESIST 2: 180.00 RESIST 1: 178.00 SUP 1: 172.00 SUP 2: 169.00 WWW.CAPITALSTARS.COM +919977499927

  3. CapitalStars Financial Research Pvt., Ltd., 3 SEBI Registration Number: INA000001647 MCX Daily Report 26TH APR 2019 Pick for the DAY MCX ZINC APR on THRUSDAY as seen in the Daily chart opened at 227.80 levels and made day low of 227.40 Levels. During this period ZINC APR High is 232.05 levels and finally closed at 231.80 levels. Now, there are chances of up movement technically & fundamentally. DAILY RECOMMENDATION: BUY MCX ZINC APRABOVE 232.50 LEVELS FOR TARGET OF 234/235.50 WITH SL 231 OF LEVELS.

  4. CapitalStars Financial Research Pvt., Ltd., 4 SEBI Registration Number: INA000001647 MCX Daily Report 26TH 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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