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Mcx daily report - 18 Sep 2017

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Mcx daily report - 18 Sep 2017

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  1. CapitalStars Financial Research Pvt., Ltd., 1 SEBI Registration Number: INA000001647 MCX Daily Report - 18 SEP 2017 News High lights Gold Falls In Asia As NKorea Risk At Bay, Copper Jumps. Gold prices fell in Asia on Monday as investors moved away from risk trades on North Korea tensions, but copper staged gains as housing data from China showed countinued gains for prices albeit at a slower pace that the previous month. Last week, gold prices fell as investors shrugged off a rise in geopolitical uncertainty that followed after North Korea launched a missile over Japan on Friday while growing expectations that the Federal Reserve will hike rates later this year kept the precious metal on track for a weekly loss. A day after data showing inflation rose to its highest in seven months fuelling expectations of a December rate hike, gold prices remained on track to snap three- week winning streak. Losses, however, were limited by weak U.S. economic data. According to investing.com’s fed rate monitor tool, more than 50% of traders expect the Fed to hike rates in December. Gold is sensitive to moves in U.S. rates, which lift the opportunity cost of holding non-yielding assets such as bullion. Strong Power Investment to Boost Copper Demand. Copper demand will benefit from China’s heavy investment in power sector, said Zhou Sheng, International Copper Association (ICA)’s President for China. ICA: China’s Share in Global Copper Demand Keeps Expanding. China’s power grid investment totaled 540 billion yuan in 2016, over 60% of total power investment. China will invest 1.7 trillion yuan in power distribution during 2016-2020, which will further lift copper demand. Besides, copper use in power source side will also grow along with development of new energy vehicle market. LME Nickel Prices to Look for Support. China’s RMB loans and informal financing in August topped market expectations, with M2 supply hitting record low. Forex receipts fell for 22 months in a row. LME nickel is expected to look for support from the 40-day moving average today. Oil markets firm on rising refinery demand, falling U.S. rig count. Oil markets were firm on Monday and remained near multi-month highs reached late last week as the number of U.S. rigs drilling for new production fell and refineries continued to start up after getting knocked out by Hurricane Harvey."Demand forecasts from OPEC and IEA... continued to improve sentiment in the market. Refineries are also reporting a much better recovery from the recent hurricanes," ANZ bank said on Monday. Oil refineries across the Gulf of Mexico and the Caribbean were restarting after being shut due to hurricanes Harvey and Irma, which battered the region in the past three weeks.The refinery restarts are occurring "as signs emerge of stalling growth in the U.S. shale industry. The number of rigs drilling for oil in the U.S. fell sharply last week," ANZ said.

  2. CapitalStars Financial Research Pvt., Ltd., 2 SEBI Registration Number: INA000001647 MCX Daily Report - 18 SEP 2017 Precious Metals CS GOLD (OCT) OVERVIEW: TREND : BEARISH RESIST 2: 30100 RESIST 1: 29950 SUP 1: 29550 SUP 2: 29400 WWW.CAPITALSTARS.COM +917316690000 CS SILVER (DEC) OVERVIEW: TREND : BEARISH RESIST 2: 41500 RESIST 1: 41200 SUP1: 40100 SUP2: 39800 WWW.CAPITALSTARS.COM +917316690000 Base Metals CS COPPER (NOV) OVERVIEW: TREND : BEARISH RESIST 2: 432.00 RESIST 1: 429.00 SUP1: 419.00 SUP2: 416.00 WWW.CAPITALSTARS.COM +917316690000 CS NICKEL (SEP) OVERVIEW: TREND : BEARISH RESIST 2: 730.00 RESIST 1: 726.00 SUP1: 703.00 SUP2: 698.00 WWW.CAPITALSTARS.COM +917316690000 CS LEAD (SEP) OVERVIEW: TREND : BULLISH RESIST 2: 157.00 RESIST 1: 155.00 SUP1: 149.00 SUP2: 147.00 WWW.CAPITALSTARS.COM +917316690000 CS ZINC (SEP) OVERVIEW: TREND : BEARISH RESIST 2: 201.00 RESIST 1: 199.00 SUP1: 193.00 SUP2: 191.00 WWW.CAPITALSTARS.COM +917316690000 CS ALUMINIUM (SEP) OVERVIEW: TREND : SIDEWAYS RESIST 2: 136.00 RESIST 1: 135.00 SUP1: 131.00 SUP2: 130.00 WWW.CAPITALSTARS.COM +917316690000 Energies CS CRUDE OIL (SEP) OVERVIEW: TREND : SIDEWAYS RESIST 2: 3290 RESIST 1: 3250 SUP1: 3160 SUP2: 3120 WWW.CAPITALSTARS.COM +917316690000 CS NATURAL GAS (SEP) OVERVIEW: TREND : BULLISH RESIST 2: 203.00 RESIST 1: 200.00 SUP1: 192.00 SUP2: 189.00 WWW.CAPITALSTARS.COM +917316690000

  3. CapitalStars Financial Research Pvt., Ltd., 3 SEBI Registration Number: INA000001647 MCX Daily Report - 18 SEP 2017 Capitalstars is a SEBI Registered &ISO Certified Company in Indore, they provide Equity, Commodity, Nifty & forex trading calls with profit in your trading. GET MORE DETAILS HERE:- ∑ Stock Advisory Company ∑ Trading Tips ∑ Financial Advisory company ∑ Stock Tips ∑ Share Market Company ∑ Forex trading tips ∑ Currency Tips

  4. CapitalStars Financial Research Pvt., Ltd., 4 SEBI Registration Number: INA000001647 MCX Daily Report - 18 SEP 2017 Pick for the Day MCX Crude Oil Sep on Friday as seen in the daily chart opened at 3200 levels and day high of 3214 levels. During this period price corrected & made day low of 3167 levels finally closed at 3192 levels. Now, there are chances of further upside movement technically & fundamentally. . ∑ Despite these signs of a tightening market, analysts warned that the distortions of the recent hurricanes made it hard to identify more long-lasting supply and demand fundamentals. ∑ "This week's crude inventories data will almost certainly still show the distortions of Harvey and Irma and significant increases may be looked at by traders as outlier data," said Jeffrey Halley, senior market analyst at futures brokerage OANDA. DAILY RECOMMENDATION: Buy MCX CRUDE OIL SEP AROUND 3180 LEVELS FOR TARGET OF T1 3230/T2 3250 WITH SL 3100 OF LEVELS.

  5. CapitalStars Financial Research Pvt., Ltd., 5 SEBI Registration Number: INA000001647 MCX Daily Report - 18 SEP 2017 isclaimer 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. Capital stars Financial Research Private Ltd., Reserves all Rights. CONTACT US Capitalstars Financial Research Private Limited PLOT NO.12, SCHEME NO.78 PART-II, VIJAY NAGAR, INDORE Email :- backoffice@capiltalstars.in

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