Mcx daily report 26 oct 2017

1. CapitalStars Financial Research Pvt., Ltd., 1 SEBI Registration Number: INA000001647 MCX Daily Report -26 OCT 2017 News High lights Gold Prices Down In Asia As Dollar Weakness Noted. Gold prices edged up in Asia on Thursday as the dollar trended weaker and physical demand supported sentiment. Overnight, gold prices were roughly unchanged on Wednesday as the dollar came under pressure despite bullish economic reports pointing to underlying strength in the U.S. economy. Bullish durable goods orders and housing data failed to spark a recovery in the dollar, lifting gold prices off session lows as the precious metal attempted to snap a three-day losing streak. Despite the recovery from session lows, gold prices remained under pressure amid reports that Stanford University economist John Taylor – an economist with a less dovish outlook than Fed chair Janet Yellen – was leading the race to notch the Fed’s top post. Gold is sensitive to moves higher in both bond yields and the U.S. dollar – A stronger dollar makes gold more expensive for holders of foreign currency while a rise in U.S. rates, lift the opportunity cost of holding non-yielding assets such as bullion. Copper prices dropped on profit booking after prices gained on encouraging prospects for economic growth in China. Copper on MCX settled down -1.02% at 456.35 while prices traded in the range after two days of gains as stock markets slid after a series of record highs, pointing to a more cautious mood among investors. Copper hit a three-year high of $US7,177 a tonne earlier in October and moved back above $US7,000 an ounce this week, but has struggled to maintain momentum as confidence in the broader economy lost steam. Zinc gains as prices have given enough reflection on anticipation of production limit due to environmental protection. Zinc on MCX settled up 0.85% at 212.75 recovered from the day’s low as trader preferred to hold long as data showed output in China slipped in September, highlighting worries that winter production cuts are tightening supplies of metals.. Zinc prices rose since this week started after data showed output in China slipped in Sept, highlighting worries that winter production cuts are tightening supplies of metals. Crude Oil Dips In Asia, Demand In Focus After China Names Leadership. Crude oil price fell in Asia on Thursday as weekly data confirmed a surprise build in U.S. inventories and investors mulled demand prospects globally. China, the world's second largest crude importer, unveiled its leadership team on Wednesday and signaled it aims to improve quality of life and trim back rapid export-oriented industrialization in favor of domestic consumption. The switch, expected to accelerate in the next five years in China has potential negative implications for crude oil demand. Overnight, crude oil prices settled lower on Wednesday as rising crude supplies and a surge in U.S. production offset data showing gasoline supplies fell more-than-expected. Crude oil prices fell for the first time in three days as concerns over a surge in US production weighed on upside momentum while a mixed report from the Energy Information Administration (EIA) showing crude stockpiles rose for the first time in five weeks.

2. CapitalStars Financial Research Pvt., Ltd., 2 SEBI Registration Number: INA000001647 MCX Daily Report - 26 OCT 2017 Precious Metals CS GOLD (DEC) OVERVIEW: TREND : BEARISH RESIST 2: 29750 RESIST 1: 29600 SUP 1: 29300 SUP 2: 29150 TREND : BULLISH RESIST 2: 465.00 RESIST 1: 461.00 TREND : BULLISH RESIST 2: 787.00 RESIST 1: 782.00 CS ZINC (OCT) OVERVIEW: TREND : BULLISH RESIST 2: 218.00 RESIST 1: 216.00 CS LEAD (OCT) OVERVIEW: TREND : BEARISH RESIST 2: 166.00 RESIST 1: 164.00 CS ALUMINIUM (OCT) OVERVIEW: TREND : BULLISH RESIST 2: 144.00 RESIST 1: 143.00 SUP1: 140.00 SUP2: 139.00 WWW.CAPITALSTARS.COM +917316690000 Energies CS CRUDE OIL (NOV) OVERVIEW: TREND : BULLISH TREND : BEARISH RESIST 2: 208.00 RESIST 1: 205.00

3. CapitalStars Financial Research Pvt., Ltd., 3 SEBI Registration Number: INA000001647 MCX Daily Report - 26 OCT 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 Also, you can visit:- capitalstars Quick payment capitalstars past performance

4. CapitalStars Financial Research Pvt., Ltd., 4 SEBI Registration Number: INA000001647 MCX Daily Report -26 OCT 2017 Pick for the Day MCX Crude Oil Nov on Wednesday as seen in the daily chart opened at 3427 levels and day high of 3427 levels. During this period price corrected & made day low of 3376 levels finally closed at 3384 levels. Now, there are chances of further Upside movement technically & fundamentally. . ∑ U.S. oil prices extended declines on Thursday after government data showed a surprise climb in U.S. crude inventories. Brent hit an intraday high of $58.74 on Wednesday, moving back toward a 26-month peak marked in late September. ∑ U.S. crude inventories rose by 856,000 barrels last week, U.S. Energy Information Administration data showed on Wednesday. Analysts had expected a decrease of 2.6 million barrels. Gasoline stocks fell by 5.5 million barrels, compared with expectations in a Reuters poll for a drop of 17,000 barrels, helping push up U.S. gasoline futures. DAILY RECOMMENDATION: Buy MCX CRUDE OIL NOV AROUND 3370 LEVELS FOR TARGET OF T1 3420/T2 3440 WITH SL 3290 OF LEVELS.

5. CapitalStars Financial Research Pvt., Ltd., 5 SEBI Registration Number: INA000001647 MCX Daily Report -26 OCT 2017 D 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. Capital stars Financial Research Private Ltd., Reserves all Rights. CONTACT US REGISTERED OFFICE REGISTERED OFFICE CapitalstarsFinancialResearchPrivateLimited PLOTNO.12,SCHEMENO.78PART-II,VIJAYNAGAR,INDORE Email:- backoffice@capiltalstars.in