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Mcx daily report 12 nov

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Mcx daily report 12 nov

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  1. CapitalStars Financial Research Pvt.,Ltd., 1 SEBI Registration Number:INA000001647 MCXDailyReport 12 NOV2018 NewsHighlights Gold dips as US dollar gains on solid jobsdata. Gold slipped on Friday as the U.S. dollar regained some ground on the back of strong American jobs data, putting the metal on track for its first weekly loss in five weeks. The U.S. Federal Reserve has raised interest rates three times this year and is widely expected to raise rates again in December. Gold is sensitive to higher U.S. interest rates, which increase the opportunity cost of holding non-yielding bullion, while boosting the dollar, in which it is priced. Gold jumped about 1.5 percent in the previous session as the dollar retreated sharply from a 16-month high. Share on major world markets rallied on hopes that the United States and China were starting to repair their damaged trade relations. Attention is now turning to the U.S. congressional elections on Nov. 6, which will determine whether the Republican or Democratic party controls Congress, with some predicting increased market volatility on the outcome. Meanwhile, physical gold demand in India, the second biggest consumer, remained lackluster this week, with dealers offering discounts for the metal ahead of a traditionally busy festival week for the first time in at least three years, as high prices kept consumers away. In the physical market, cash flow issues prompted sellers to offload cargoes while spot premiums rose from previousdeclines. London copper fell below the 60-day moving average with its MACD green line lengthening, as the US dollar gained after the midterm election. The SHFE 1901 contract registered the sixth consecutive trading day of decline as it dipped below the 60-day moving average and the Bollinger lower band. Copper prices are likely to see limited upward room in the short run. We expect the contract to trade at 48,800-49,200 yuan/mt with its LME counterpart trading at $6,020-6,080/mt today. Spot offers may receive some support as the prices of futures dipped and the delivery day approached. Spot premiums are seen at 10-50 yuan/mt today. In the domestic physical market, stainless steel mills held back from purchases given the recent declines in nickel prices. Rising shorts dragged the SHFE 1901 contract below the 95,000 yuan/mt level, to a low of 94,420 yuan/mt. This came after the contract diverged gradually from the daily moving average after opening, pressured by a stronger US dollar. LME nickel also weakened with resistance from the daily moving average. It closed at $11,415/mt with open interests up 2,558 lots to 229,000 lots. We expect it to trade around $11,500/mt with the SHFE 1901 contract trading at 94,500-96,000 yuan/mt today. Spot prices are set at 95,000-105,000 yuan/mt. Oil prices rise by 1 pct after Saudi announces Dec. supplycut. Oil prices rose by about one percent on Monday after top exporter Saudi Arabia announced a cut in supply for December, seen as a measure to halt a market slump that had seen crude decline by 20 percent since early October. Saudi Arabia plans to reduce oil supply to world marketsby0.5millionbarrelsperdayinDecember,itsenergyministersaidonSunday,as

  2. the OPEC power faces uncertain prospects in its attempts to persuade other producers to agree a coordinated output cut. Khalid al-Falih told reporters that Saudi Aramco's customer crude oil nominations would fall by 500,000 bpd in December versus November due to seasonal lower demand. The cut represents a reduction in global oil supply of about 0.5 percent.

  3. CapitalStars Financial Research Pvt.,Ltd., SEBI Registration Number:INA000001647 MCXDailyReport 12 NOV2018 PreciousMetals CS GOLD (DEC) OVERVIEW: TREND : BEARISH RESIST 2: 31500 RESIST 1: 31300 SUP1:31000 SUP 2:30900 WWW.CAPITALSTARS.COM +919977499927 CS SILVER (DEC) OVERVIEW: TREND : BEARISH RESIST 2: 37400 RESIST 1: 37200 SUP 1: 37000 SUP 2: 36800 WWW.CAPITALSTARS.COM +919977499927 BaseMetals CS COPPER (NOV) OVERVIEW: TREND : BEARISH RESIST2:440.00 RESIST1:436.00 SUP 1: 432.00 SUP 2: 428.00 WWW.CAPITALSTARS.COM +919977499927 CS NICKEL (NOV) OVERVIEW: TREND : BEARISH RESIST 2:835.00 RESIST 1:828.00 SUP 1: 818.00 SUP 2: 808.00 WWW.CAPITALSTARS.COM +919977499927 CS ZINC (NOV) OVERVIEW: TREND : SIDEWAYS RESIST2:191.00 RESIST1:189.00 SUP 1:186.00 SUP 2: 184.00 WWW.CAPITALSTARS.COM +919977499927 CS LEAD (NOV) OVERVIEW: TREND : BEARISH RESIST 2:146.00 RESIST 1:144.00 SUP 1:142.00 SUP 2: 140.00 WWW.CAPITALSTARS.COM +919977499927 CS ALUMINIUM (NOV)OVERVIEW: TREND :BEARISH RESIST 2:147.00 RESIST 1:145.00 SUP 1:143.00 SUP 2:141.00 WWW.CAPITALSTARS.COM+919977499927 Energies CS CRUDE OIL (NOV)OVERVIEW: TREND :BEARISH RESIST 2:4550 RESIST 1:4500 SUP 1:4400 SUP 2: 4380 WWW.CAPITALSTARS.COM +919977499927 CS NATURAL GAS (NOV)OVERVIEW: TREND :BEARISH RESIST 2:280.00 RESIST 1:277.00 SUP 1:272.00 SUP 2: 268.00 WWW.CAPITALSTARS.COM +919977499927

  4. CapitalStars Financial Research Pvt.,Ltd., 3 SEBI Registration Number:INA000001647 MCXDailyReport 12 NOV2018 Pick for theDAY • MCX Crude on Friday as seen in the Daily chart opened at 4414 levels and made day Low of 4297 Levels. During this period Crude High is 4423 levels and finally closed at 4362 levels. Now, there are chances of down movement technically & fundamentally. • Oil prices rose by about one percent on Monday after top exporter Saudi Arabia announced a cut in supply for December, seen as a measure to halt a market slump that had seen crude decline by 20 percent since earlyOctober. • Saudi Arabia plans to reduce oil supply to world markets by 0.5 million barrels per day in December, its energy minister said on Sunday, as the OPEC power faces uncertain prospects in its attempts to persuade other producers to agree a coordinated output cut. DAILY RECOMMENDATION: SELL MCX CRUDE NOV BELOW 4425 LEVELS FOR TARGET OF 4405/4380 WITH SL 4470 OF LEVELS.

  5. CapitalStars Financial Research Pvt.,Ltd., 4 SEBI Registration Number:INA000001647 MCXDailyReport 12 NOV2018 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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