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Daily MCX Report

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Daily MCX Report

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  1. CapitalStars Financial Research Pvt.,Ltd., 1 SEBI Registration Number:INA000001647 MCXDailyReport 10Aug2018 NewsHighlights Gold prices buoyed by global politicaltensions. Gold prices held broadly steady early on Friday after dipping the session before, drawing some support from global political tensions and a slightly weaker dollarNSE -0.88 % against the yen. Japan economy expanded at an annualised rate of 1.9 per cent in April-June, bouncing back from a contraction in the previous quarter, government data showed on Friday, in a sign its recovery momentum remained intact. The US economy is performing "very well" withcontinued growth clearing the way for one or two more interest rate hikes in 2018, Chicago Federal Reserve Bank President Charles Evans said on Thursday in an interview in which he dismissed earlier worries about weakinflation. Copper prices came off from early highs overnight as market sentiment was depressed by the strengtheningdollar. Copper prices came off from early highs overnight as market sentiment was depressed by the strengthening dollar. LME copper hit the $6,300/mt level but closed near $6,200/mt; the SHFE 1810 contract jumped past the 50,000 yuan/mt level but closed near 49,850 yuan/mt. We expect copper prices to rise in the short term, but the upward room would be limited. LME copper is likely to trade at $6,180-6,240/mt today and the SHFE 1810 contract at 49,600-50,100 yuan/mt. Spot premiums are seen lower at 10- 50yuan/mt.. Nickel fell sharply to a low of $13,845/mt on a strengthened USdollar. LME nickel fell sharply to a low of $13,845/mt on a strengthened US dollar. It closed over 1% lower from Wednesday at $13,905/mt. We see it hovering around $13,800/mt today with continued pressure at the 40-day moving average today. The SHFE 1811 contract diverged gradually from the daily moving average to a low of 113,340 yuan/mt. It then stopped falling and closed at 113,770 yuan/mt. Limited upward momentum is seen for the contract, which is likely to trade at 113,000-114,500 yuan/mt today. Spot prices are set at 112,800-115,000yuan/mt. Oil edges up on Iran sanctions tightening supply, but trade spatweighs. Oil prices on Friday edged up on worries that reimposed U.S. sanctions against Iran would tighten supplies, although the escalating trade dispute between Washington and Beijing held markets back from further gains. Despite the possibility of a slowdown in economic growth due to escalating trade tensions, oil markets are for now relatively tight, analysts said, mostly because of sanctions on Iranian oil exports the United States plan to implement in November. many other powers, including the European Union and major Asian buyers such as China and India oppose sanctions,manyareexpectedtobowtoAmericanpressure.Onaweeklybasis,Brentissetfora 1.5 to 2 percent fall, while WTI is heading for a drop of around 2.5percent.

  2. CapitalStars Financial Research Pvt.,Ltd., SEBI Registration Number:INA000001647 MCXDailyReport 10Aug2018 PreciousMetals CS GOLD (OCT)OVERVIEW: TREND :SIDEWAYS RESIST 2:29810 RESIST 1:29730 SUP 1:29590 SUP 2: 29480 WWW.CAPITALSTARS.COM +917440449744 CS SILVER (SEP) OVERVIEW: TREND :SIDEWAYS RESIST 2:38370 RESIST 1:38200 SUP 1: 37940 SUP 2: 37800 WWW.CAPITALSTARS.COM +917440449744 BaseMetals CS COPPER (AUG) OVERVIEW: TREND : SIDEWAYS RESIST 2:430.00 RESIST 1:426.00 SUP 1: 418.00 SUP 2: 415.00 WWW.CAPITALSTARS.COM +917440449744 CS NICKEL (AUG) OVERVIEW: TREND : BULLISH RESIST 2:976.00 RESIST 1:964.00 SUP 1: 945.00 SUP 2: 938.00 WWW.CAPITALSTARS.COM +917440449744 CS ZINC (AUG) OVERVIEW: TREND : BEARISH RESIST 2:186.00 RESIST 1:184.00 SUP 1:179.00 SUP 2: 177.00 WWW.CAPITALSTARS.COM +917440449744 CS LEAD (AUG) OVERVIEW: TREND : SIDEWAYS RESIST 2:150.00 RESIST 1:147.50 SUP 1:143.50 SUP 2: 141.50 WWW.CAPITALSTARS.COM +917440449744 CS ALUMINIUM (AUG) OVERVIEW: TREND :BULLISH RESIST 2:148.50 RESIST 1:146.50 SUP 1:140.50 SUP 2:138.50 WWW.CAPITALSTARS.COM+917440449744 Energies CS CRUDE OIL (AUG)OVERVIEW: TREND :BEARISH RESIST 2:4670 RESIST 1:4640 SUP 1:4570 SUP 2: 4530 WWW.CAPITALSTARS.COM +917440449744 CS NATURAL GAS (AUG) OVERVIEW: TREND :BULLISH RESIST 2:205.00 RESIST 1:204.00 SUP 1:202.00 SUP 2: 201.00 WWW.CAPITALSTARS.COM +917440449744

  3. CapitalStars Financial Research Pvt.,Ltd., 3 SEBI Registration Number:INA000001647 MCXDailyReport 10Aug2018 Pick for theDAY • MCX CRUDE AUG on Thursday as seen in the Daily chart opened at 4585 levels and made day low of 4566 levels. During this period crude came up to 4635 levels and finally closed at 4602 levels. Now, there are chances of down movement technically &fundamentally. • Oil prices on Friday edged up on worries that reimposed U.S. sanctions against Iran would tighten supplies, although the escalating trade dispute between Washington and Beijing held markets back from furthergains. • On a weekly basis, Brent is set for a 1.5 to 2 percent fall, while WTI is heading for a drop of around 2.5percent. • DAILY RECOMMENDATION: SELL MCX CRUDE OIL AUG BELOW 4600 LEVELS FOR TARGET OF 4560/4520 WITH SL 4675 OF LEVELS

  4. CapitalStars Financial Research Pvt.,Ltd., 4 SEBI Registration Number:INA000001647 MCXDailyReport 10Aug 2018 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 financialadviser. 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. Capitalstars Financial Research Private Ltd., Reserves allRights. CONTACTUS BRANCHOFFICE Capitalstars Financial Research Private Limited Forex Trading Tips Stock Market Tips Share TipsExpert PLOT NO.32, MECHANIC NAGAR EXTENSION, IDA SCHEME NO.54, VIJAYNAGARINDORE REGISTEREDOFFICE PLOT NO.12, SCHEME NO.78 PART-II, VIJAY NAGAR,INDORE Email :-backoffice@capiltalstars.in

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