Mcx daily report - 27 Sep 2017

1. CapitalStars Financial Research Pvt., Ltd., 1 SEBI Registration Number: INA000001647 MCX Daily Report - 27 SEP 2017 News High lights Gold Prices Down In Asia As U.S. Tax Cut Details Awaited, Yellen Noted. Gold prices fell in Asia on Wednesday as investors took positions ahead of an expected roll-out of the Trump administration's plan for tax cuts and after noting what some are seeing as a more hawkish Fed after a speech by the central bank's chief. Overnight, gold prices fell on Tuesday as December rate-hike expectations jumped after Federal Reserve chair Janet Yellen said that central bank should be “wary of moving too gradually” on interest rates to avoid the economy overheating. In a speech titled “Inflation, Uncertainty, and Monetary Policy” at the National Association for Business Economics’ annual meeting on Tuesday, Fed chair Janet Yellen reaffirmed the central bank’s view that raising rates gradually was the most appropriate policy amid uncertainty over inflation. “It would be imprudent to keep monetary policy on hold until inflation is back to 2 percent,” Yellen said Tuesday in the text of remarks prepared for delivery in Cleveland. According to investing.com's fed rate monitor tool, nearly 80% of traders expect a December rate hike, compared to about 60% a week ago. Aluminium Bahrain Closed for Rectification for Water Pollution. Due to its fly ash bridge wall is damaged, mortar water is discharged into Cannel Belgiri nullah near the factory and finally into River Hasdeo, heavily polluting the river. CGECB of Chattisgarh, India has released a notice to ask Aluminium Bahrain to shut down its 1200MW coal plant in Korba region of this province. Besides, CGECB calls for strict compliance of all power plant with relevant regulations and standards made by CGECB. Comex High Grade Copper Price Futures Continues to Build Support Base. December Comex High Grade Copper futures rallied sharply higher early Tuesday, helped by a rally in crude oil prices which drove up commodities across the board. Some traders also said longer-term expectations for higher demand amid constrained supply could continue to provide support and the momentum needed to send the market higher. However, by the end of the session, concerns over the strong U.S. Dollar’s effect on demand over the short-run weighed on the market, leading to a lower close. Crude Oil Prices Gain In Asia After API Surprise Draw. Crude oil prices gained in Asia On Wednesday as industry estimates on U.S. inventories threw up an unexpected drop in supplies. The API and EIA figures often diverge. Overnight, crude oil prices settled lower on Tuesday, as investors appeared to take profit on the recent rally that has seen oil prices hit multi-month highs ahead of weekly inventory data due Wednesday expected to show crude oil supplies rose for the fourth-straight week. A day after crude oil prices jumped to a four-month high following a threat from Turkey’s president to cut off oil exports from a Kurdish region of Iraq, traders appeared to unwind some of their bullish bets on crude oil futures ahead of a fresh batch of U.S. crude inventory data.

2. CapitalStars Financial Research Pvt., Ltd., 2 SEBI Registration Number: INA000001647 MCX Daily Report - 27 SEP 2017 Precious Metals TREND : SIDEWAYS RESIST 2: 30200 RESIST 1: 30050 SUP 1: 29650 SUP 2: 29500 TREND : SIDEWAYS RESIST 2: 433.00 RESIST 1: 430.00 RESIST 2: 707.00 RESIST 1: 702.00 CS LEAD (SEP) OVERVIEW: TREND : BULLISH RESIST 2: 167.00 RESIST 1: 165.00 TREND : BULLISH RESIST 2: 211.00 RESIST 1: 209.00 CS ALUMINIUM (SEP) OVERVIEW: TREND : SIDEWAYS RESIST 2: 141.00 RESIST 1: 140.00 SUP1: 136.00 SUP2: 135.00 WWW.CAPITALSTARS.COM +917316690000 Energies CS CRUDE OIL (OCT) OVERVIEW: TREND : BULLISH CS NATURAL GAS (OCT) OVERVIEW: RESIST 2: 207.00 RESIST 1: 203.00

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4. CapitalStars Financial Research Pvt., Ltd., 3 SEBI Registration Number: INA000001647 MCX Daily Report - 27 SEP 2017 Pick for the Day MCX Crude Oil Oct on Tuesday as seen in the daily chart opened at 3424 levels and day high of 3435 levels. During this period price corrected & made day low of 3373 levels finally closed at 3402 levels. Now, there are chances of further upside movement technically & fundamentally. ∑ Turkey’s President Recep Tayyip Erdoğan on Monday warned his country could “close the valves” on the pipeline that carries 500,000-600,000 barrels of crude per day from northern Iraq to the Turkish port of Ceyhan. ∑ The potential supply disruption, however, was weighed against expectations of an uptick in U.S. output, as disruptions to U.S. refinery activity due to storm Harvey continues to pressure demand for crude oil, adding to excess supplies. DAILY RECOMMENDATION: Buy MCX CRUDE OIL OCT AROUND 3400 LEVELS FOR TARGET OF T1 3450/T2 3470 WITH SL 3320 OF LEVELS.

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