Mcx daily report - 29 Sep 2017

1. CapitalStars Financial Research Pvt., Ltd., 1 SEBI Registration Number: INA000001647 MCX Daily Report - 29 SEP 2017 News High lights Gold Prices Dip In Asia With India In Focus As China Holidays Ahead. Gold prices fell slightly in Asia on Friday as investors looked for support from physical markets in India with China entering a week-long holiday period next month and trade expected to ease. India's festival season gets in swing next month with demand for physical gold typically strong. Overnight, gold prices were roughly unchanged on Thursday, as dollar weakness capped downside momentum but the precious metal remained under pressure amid investor expectations of a year-end interest rate hike. Gold futures attempted to halt the recent slump, which has seen the precious metal dip below $1,300, supported by a dip in the dollar which followed a pair of mixed economic reports. Fresh on the heels of the upbeat economic growth data, a labor market report showed the number of Americans filing for unemployment benefits rose more than expected last week. A jump in investor expectations for a December rate, however, is expected to weigh on upside momentum in gold prices. China Refined Nickel Imports to Grow in September, SMM Foresees. The profitable import window for refined nickel was open for most of second month of September, a favorable factor for imports. Premiums for Russian Nickel in Bonded Area Rise Rapidly. Moreover, September is the delivery month of SHFE three-month nickel contract, and this will also stimulate import enthusiasm. China’s imports of refined nickel were off 15 per cent in August on a monthly basis. BHP Billiton: Copper to Be the First to Benefit from Electric Car Revolution. 2017 will be the year of revolution for electric cars and copper will be the metal of the future, Arnoud Balhuizen, Chief Commercial Officer at BHP, said. Global Car Giants Betting on Chinese Electric Vehicle Market. Currently, electric cars account for roughly 1 million units out of 1.1 billion cars worldwide. But, the number of electric cars will rise to 140 million vehicles by 2035. China to Set Timetable for Ban Fuel Vehicle Sales. Crude Oil Prices Edge Higher In Asia, U.S. Rig Count Ahead. Crude oil prices edged higher on Friday in Asia with sentiment underpinned by an ongoing rebalance of supply and demand and geopolitical tensions over rumblings for Kurdish independence in Iraq. Overnight, crude oil prices settled lower on Thursday as traders unwound some of their bullish bets on crude but sentiment on oil remained positive following inventory data on Wednesday showing a surprise draw in crude oil supplies. Crude oil prices fell as investors appeared to take profit on the recent rally which has seen oil prices hit multi-month highs on expectations that higher global demand would nudge the market closer toward rebalancing. Crude oil prices are on track extended their weekly winning streak to four weeks following strong gains earlier this week on the back of data showing weekly crude exports jumped to their highest on record while refinery activity showed signs of stabilizing.

2. CapitalStars Financial Research Pvt., Ltd., 2 SEBI Registration Number: INA000001647 MCX Daily Report - 29 SEP 2017 Precious Metals TREND : BEARISH RESIST 2: 29950 RESIST 1: 29750 SUP 1: 29350 SUP 2: 29150 TREND : SIDEWAYS RESIST 2: 440.00 RESIST 1: 437.00 TREND : BEARISH RESIST 2: 702.00 RESIST 1: 697.00 CS ZINC (OCT) OVERVIEW: TREND : BULLISH RESIST 2: 211.00 RESIST 1: 209.00 CS LEAD (OCT) OVERVIEW: TREND : BULLISH RESIST 2: 167.00 RESIST 1: 165.00 CS ALUMINIUM (OCT) OVERVIEW: TREND : SIDEWAYS RESIST 2: 142.00 RESIST 1: 141.00 SUP1: 137.00 SUP2: 136.00 WWW.CAPITALSTARS.COM +917316690000 Energies CS CRUDE OIL (OCT) OVERVIEW: TREND : SIDEWAYS CS NATURAL GAS (OCT) OVERVIEW: RESIST 2: 207.00 RESIST 1: 202.00

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4. CapitalStars Financial Research Pvt., Ltd., 4 SEBI Registration Number: INA000001647 MCX Daily Report - 29 SEP 2017 Pick for the Day MCX Crude Oil Oct on Thursday as seen in the daily chart opened at 3424 levels and day high of 3472 levels. During this period price corrected & made day low of 3360 levels finally closed at 3373 levels. Now, there are chances of further upside movement technically & fundamentally. ∑ Inventories of U.S. crude fell by roughly 1.9m barrels in the week ended Sept. 22, the Energy Information Agency reported Wednesday, confounding expectations of a rise of 3.4m barrels. ∑ Geopolitical tensions, meanwhile, limited downside momentum as Turkey vowed to deal only with the Iraqi government on crude oil exports after Iraqi Kurdistan voted overwhelmingly in favour of independence earlier this week. The pipeline linking northern Iraq to the Turkish port of Ceyhan carries 500,000-600,000 barrels of crude per day. DAILY RECOMMENDATION: Buy MCX CRUDE OIL OCT AROUND 3350 LEVELS FOR TARGET OF T1 3400/T2 3420 WITH SL 3270 OF LEVELS.

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