MCX Daily Report - 2 Nov 2017

1. CapitalStars Financial Research Pvt., Ltd., 1 SEBI Registration Number: INA000001647 MCX Daily Report -02 NOV 2017 News High lights Gold Gains In Asia On Fed Views, Weaker Dollar. Gold gained in Asia on Thursday with Fed view on rates seen supportive along with a weaker dollar in the short term, though investors say Friday's nonfarm payroll data will be key for direction in the coming year. The Federal Reserve kept U.S. overnight interest rates unchanged and highlighted "solid" economic growth at the conclusion of its two-day policy meeting. Analysts said the Fed's statement indicated that a rate hike next month is overwhelmingly likely. Overnight, gold prices shrugged off a rebound in the dollar as traders continued to expect the Federal Reserve’s policy statement to show that Fed policymakers voted to leave rates unchanged at their Oct. 31- Nov. 1 meeting. Private U.S. employers added 235,000 jobs in October, according to a report released Wednesday by ADP and Moody's Analytics. That beat economists’ forecast of 200,000. Copper prices ended with gains on growing expectations of strong demand. Copper on MCX settled up 0.64% at 447.55 gained in the line of expectation as support seen after LME Copper again surged above $7000 a metric ton rallied on stronger Chinese factory data and Federal Reserve Chair Janet Yellen warned that U.S. inflation may accelerate. Also Copper prices edged higher as some investors beefed up positions following overnight losses, with the metal on track to post its fourth weekly rise even after retreating from three-year highs. Zinc dropped on profit booking after prices gained boosted by expectations of deficits. Zinc on MCX settled down -0.91% at 212 on some profit booking while sentiments still remain firm as support seen after ShFE lead and zinc posted strong advances, up 0.91 percent and 1.85 percent respectively, initially tracking firmer domestic steel prices, but holding on to gains even after steel futures backtracked. Support also seen after the update that the global demand for refined lead metal will exceed supply by 125,000 tonnes this year, while a deficit of 45,000 tonnes is expected in 2018, the International Lead and Zinc Study Group (ILZSG) said on Monday. Crude Oil Gains In Asia On Upbeat Views On Supply/Demand. Crude oil prices gained in Asia on Wednesday as industry estimates of U.S. inventories boosted sentiment and an on target PMI reading in China soothed concerns of a slowdown.Supplies at the oil storage hub of Chushing, Oklahoma, fell by 263,000 barrels. Analysts expected a 2.575 million barrels drop in crude, a 2.450 million barrels decline in distillates and a 2.050 million barrels dip in gasoline supplies. The EIA and API figures often diverge. Overnight, crude oil prices settled higher on Tuesday as investors looked ahead to inventory data expected to show crude supplies fell last week amid ongoing optimism that OPEC will agree to extend output cuts. With the upcoming OPEC November meeting edging closer, oil prices added to recent gains as investors continued to expect OPEC will extend output cuts through March 2018 amid recent comments from OPEC Secretary General Mohammad Barkindo.

2. CapitalStars Financial Research Pvt., Ltd., 2 SEBI Registration Number: INA000001647 MCX Daily Report - 02 NOV 2017 Precious Metals CS GOLD (DEC) OVERVIEW: TREND : SIDEWAYS RESIST 2: 29500 RESIST 1: 29400 SUP 1: 29100 SUP 2: 29000 WWW.CAPITALSTARS.COM +917316690000 CS SILVER (DEC) OVERVIEW: TREND : SIDEWAYS RESIST 2: 40300 RESIST 1: 40150 SUP1: 39300 SUP2: 39150 WWW.CAPITALSTARS.COM +917316690000 Base Metals CS COPPER (NOV) OVERVIEW: TREND : SIDEWAYS RESIST 2: 457.00 RESIST 1: 454.00 SUP1: 444.00 SUP2: 441.00 WWW.CAPITALSTARS.COM +917316690000 CS NICKEL (NOV) OVERVIEW: TREND : BULLISH RESIST 2: 845.00 RESIST 1: 840.00 SUP1: 805.00 SUP2: 800.00 WWW.CAPITALSTARS.COM +917316690000 CS ZINC (NOV) OVERVIEW: TREND : BULLISH RESIST 2: 218.00 RESIST 1: 216.00 SUP1: 209.00 SUP2: 207.00 WWW.CAPITALSTARS.COM +917316690000 CS LEAD (NOV) OVERVIEW: TREND : BEARISH RESIST 2: 164.00 RESIST 1: 162.00 SUP1: 157.00 SUP2: 155.00 WWW.CAPITALSTARS.COM +917316690000 CS ALUMINIUM (NOV) OVERVIEW: TREND : SIDEWAYS RESIST 2: 144.00 RESIST 1: 142.50 SUP1: 138.50 SUP2: 137.00 WWW.CAPITALSTARS.COM +917316690000 Energies CS CRUDE OIL (NOV) OVERVIEW: TREND : BULLISH RESIST 2: 3610 RESIST 1: 3570 SUP1: 3470 SUP2: 3430 WWW.CAPITALSTARS.COM +917316690000 CS NATURAL GAS (NOV) OVERVIEW: TREND : SIDEWAYS RESIST 2: 195.00 RESIST 1: 192.00 SUP1: 185.00 SUP2: 182.00 WWW.CAPITALSTARS.COM +917316690000

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4. CapitalStars Financial Research Pvt., Ltd., 4 SEBI Registration Number: INA000001647 MCX Daily Report -02 NOV 2017 Pick for the Day MCX Crude Oil Nov on Wednesday as seen in the daily chart opened at 3536 levels and day high of 3572 levels. During this period price corrected & made day low of 3482 levels finally closed at 3500 levels. Now, there are chances of further Upside movement technically & fundamentally. . ∑ The dip in oil prices comes amid as growing expectations for an extension to the output-cut agreement lifted crude prices to an eighth-month high after OPEC and non-OPEC members signaled support for an extension ahead of the upcoming OPEC meeting in November. ∑ In May, OPEC producers agreed to extend production cuts for a period of nine months until March, but stuck to production cuts of 1.2 million bpd agreed in November last year. DAILY RECOMMENDATION: Buy MCX CRUDE OIL NOV AROUND 3480 LEVELS FOR TARGET OF T1 3530/T2 3550 WITH SL 3400 OF LEVELS.

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