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Mcx Daily Report 13 Feb 2019

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Mcx Daily Report 13 Feb 2019

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  1. CapitalStars Financial Research Pvt., Ltd., 1 SEBI Registration Number: INA000001647 13THFEB 2019 MCX Daily Report News Highlights BULLION - MCX Gold and Silver may note mixed trade in line with international market but general bias may be on the downside. COMEX gold trades in a narrow range near $1310/oz amid mixed cues. Support from correction in US dollar and central bank buying is countered by gains in equity market and continuing ETF outflows. The US dollar index trades little changed near 96.6 levels after a 0.4% decline yesterday. The US dollar weakened after eight days of gains as easing worries about US government shutdown and US-China trade dispute reduced safe haven demand. US President Donald Trump said he's open to extending a March 1 deadline to raise tariffs on Chinese products if the two sides are near an agreement. US lawmakers reached a deal in principle to avert another shutdown while President Trump has indicated he may consider the proposal. Asian equity markets trade largely higher today after 1.5% gain in US market yesterday. ETF outflows however show waning confidence about gold’s recent price gains. Gold holdings with SPDR ETF fell by 3.233 tonnes to 798.885 tonnes. Gold has been trading in a narrow range above $1300/oz and this may continue unless there is more clarity on US-China trade issue, Brexit and US government shutdown however for the day the bias may be on the downside owing to improved risk sentiment. ENERGY- Crude Oil- MCX Crude may note some gains tracking cues from international exchange but upside is limited. NYMEX crude trades higher above $53 per barrel after a 1.3% gain yesterday. Supporting crude price is API weekly report which noted an unexpected 0.998 million barrel decline in US crude oil stocks and a smaller than expected rise in gasoline stocks. Also supporting crude price is gains in US equity market and correction in US dollar amid easing worries about US government shutdown and US-China trade dispute. US President Donald Trump said he's open to extending a March 1 deadline to raise tariffs on Chinese products if the two sides are near an agreement. US lawmakers reached a deal in principle to avert another shutdown while President Trump has indicated he may consider the proposal. Also supporting crude price is Saudi’s pledge to cut more output in coming months. Saudi Arabia said it would pump about 9.8 million barrels a day next month, lower than the 10.311 million barrel day limit agreed in the production cut deal. However, weighing on price is downbeat demand outlook and higher US gas production. The US EIA cut its 2019 world oil demand growth forecast by 50,000 barrels per day to 1.49 million bpd to average 101.45 million bpd. EIA also expects US crude oil output to rise 1.45 million bpd this year to record level of 12.41 million bpd. OPEC, in its monthly forecasts, lowered forecast of OPEC demand by 0.2 mn bpd to 30.6 million bpd. Natural Gas- MCX Natural gas may trade with a downward bias tracking cues from international exchange. NYMEX Natural gas slipped more than 1% to trade near $2.65/mmBtu after a 1.7% gain yesterday. Mixed factors have resulted in mixed trade in gas price. Supporting gas price is forecast of cold weather in US which will increase heating demand. However, market players are concerned that with nearing end of winter season weather related demand may not be strong enough to boost prices. Also supporting price is higher US gas production and expectations of a smaller than average decline in gas stocks. Mixed factors and positioning ahead of inventory report may keep gas price choppy but general bias may be on the downside. BASE METAL - Base metals on LME trade with a positive bias today after a weaker close yesterday. LME Zinc continued to be the worst performer with 1.4% drop followed by 1% decline in Aluminium prices and 0.7% slide in Copper prices. In other metals Nickel and Lead too ended 0.6% and 0.5% lower respectively.

  2. CapitalStars Financial Research Pvt., Ltd., 2 SEBI Registration Number: INA000001647 13THFEB 2019 MCX Daily Report Precious Metals CS SILVER (MAR) OVERVIEW: TREND : BEARISH TREND : BEARISH SUP 1:32800 SUP 2:32600 WWW.CAPITALSTARS.COM +919977499927 WWW.CAPITALSTARS.COM +919977499927 Base Metals CS COPPER (FEB) OVERVIEW: TREND : BEARISH RESIST 2:443.00 RESIST 1:438.00 SUP 1: 429.00 SUP 2: 425.00 TREND : BEARISH RESIST 2: 896.00 RESIST 1: 884.00 SUP 1: 860.00 SUP 2: 848.00 CS LEAD (FEB) OVERVIEW: TREND : BEARISH RESIST 2: 148.00 RESIST 1: 146.00 SUP 1: 142.00 SUP 2: 140.00 TREND : BEARISH RESIST 2:190.00 RESIST 1:188.00 SUP 1: 183.00 SUP 2: 181.00 CS ALUMINIUM (FEB) OVERVIEW: TREND : SIDEWAYS RESIST 2: 135.00 RESIST 1: 133.00 SUP 1: 129.00 SUP 2: 127.00 WWW.CAPITALSTARS.COM +919977499927 Energy CS CRUDE OIL (FEB) OVERVIEW: TREND : SIDEWAYS

  3. CapitalStars Financial Research Pvt., Ltd., 3 SEBI Registration Number: INA000001647 13THFEB 2019 MCX Daily Report Pick for the DAY MCX NATURAL GAS FEB on TUESDAY as seen in the Daily chart opened at 190.00 levels and made day low of 186.00 Levels. During this period NATURAL GAS FEB High is 191.20 levels and finally closed at 189.40 levels. Now, there are chances of down movement technically & fundamentally. DAILY RECOMMENDATION: SELL MCX NATURAL GAS FEB BELOW 185 LEVELS FOR TARGET OF 180/178 WITH SL 191 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 13THFEB 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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