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Mcx daily report 2 nov

This Document is regarding to provide Daily Mcx Report.

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Mcx daily report 2 nov

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  1. CapitalStars Financial Research Pvt.,Ltd., 1 SEBI Registration Number:INA000001647 MCXDailyReport 02 NOV2018 NewsHighlights Gold prices steady, U.S. nonfarm payroll dataawaited. Gold prices were steady in early Asian trade on Friday, after rising about 1.5 percent in the previous session, while the dollar inched up ahead of the U.S. payrolls data due later in the day. According to a Reuters survey of economists, nonfarm payrolls probably rebounded by 190,000 jobs in October after Florence depressed restaurant and retail payrolls inSeptember. U.S. President Donald Trump and Chinese President Xi Jinping both expressed optimism on Thursday about resolving their bitter trade disputes ahead of a high-stakes meeting planned for the two leaders at the end of November in Argentina. Trump increased economic pressure on Venezuela's leftist President Nicolas Maduro on Thursday with new sanctions aimed at disrupting the South American country's goldexports. In the physical market, cash flow issues prompted sellers to offload cargoes while spot premiums rose from previousdeclines. LME copper closed near day-highs of $6,143/mt overnight as the US dollar index came of from multi-month highs on weak-than-expected economic data and a rebound in the pound. SHFE copper also closed near session-highs overnight, which returned it to the 60-day moving average. In the physical market, cash flow issues prompted sellers to offload cargoes while spot premiums rose from previous declines in prices of futures. Trades improved as traders purchased on demand. LME copper is likely to trade at $6,040-6,130/mt with SHFE copper at 49,880-49,400 yuan/mt. Spot premiums are seen up to 50yuan/mt. In the domestic physical market, stainless steel mills held back from purchases given the recent declines in nickel prices. London Nickel was the best performer among LME and SHFE base metals overnight. LME nickel is likely to hover around $11,700/mt today with the SHFE 1901 contract at 96,500- 98,500 yuan/mt. Spot prices are seen at 97,500-106,000yuan/mt. Oil prices fell on Friday as surging output by the world's three largest producers outweighed supplyconcerns. Oil prices fell on Friday as surging output by the world's three largest producers outweighed supply concerns from the start of U.S. sanctions next week against Iran's petroleum exports. Crude oil prices took a severe hit as investors were unnerved on rising global inventories and record high output in 2018," said Benjamin Lu of brokerage Phillip Futures. Brent has fallen by over 12 percent since the beginning of October, while WTI has lost more than 13 percent in value. The downward pressure on oil is also visible in the physical market, where top exporter Saudi Arabia is expected to cut crude prices for December cargoes amid higher supply and a glut in refined products that has eroded refinery profits. Organization of the Petroleum Exporting Countries (OPEC) boosted oil production in October to 33.31 million barrels per day (bpd), a Reuters survey found thisweek.

  2. CapitalStars Financial Research Pvt.,Ltd., SEBI Registration Number:INA000001647 MCXDailyReport 02 NOV2018 PreciousMetals CS GOLD (DEC)OVERVIEW: TREND : SIDEWAYS RESIST 2:32200 RESIST 1:32100 SUP1:31800 SUP 2:31700 WWW.CAPITALSTARS.COM +917440449744 CS SILVER (DEC) OVERVIEW: TREND : BEARISH RESIST 2: 39100 RESIST 1: 39000 SUP 1: 38700 SUP 2: 38500 WWW.CAPITALSTARS.COM +917440449744 BaseMetals CS COPPER (NOV) OVERVIEW: TREND : BEARISH RESIST2:442.00 RESIST1:438.00 SUP 1: 432.00 SUP 2: 428.00 WWW.CAPITALSTARS.COM +917440449744 CS NICKEL (NOV) OVERVIEW: TREND : BEARISH RESIST 2:872.00 RESIST 1:865.00 SUP 1: 850.00 SUP 2: 845.00 WWW.CAPITALSTARS.COM +917440449744 CS ZINC (NOV) OVERVIEW: TREND : BEARISH RESIST2:202.00 RESIST1:199.00 SUP 1:196.00 SUP 2: 194.00 WWW.CAPITALSTARS.COM +917440449744 CS LEAD (NOV) OVERVIEW: TREND : BEARISH RESIST 2:147.00 RESIST 1:145.00 SUP 1:142.00 SUP 2: 140.00 WWW.CAPITALSTARS.COM +917440449744 CS ALUMINIUM (NOV)OVERVIEW: TREND :BEARISH RESIST 2:148.00 RESIST 1:146.00 SUP 1:144.00 SUP 2:142.00 WWW.CAPITALSTARS.COM+917440449744 Energies CS CRUDE OIL (NOV)OVERVIEW: TREND :BEARISH RESIST 2:5020 RESIST 1:4960 SUP 1:4840 SUP 2: 4800 WWW.CAPITALSTARS.COM +917440449744 CS NATURAL GAS (NOV)OVERVIEW: TREND :BEARISH RESIST 2:245.00 RESIST 1:242.00 SUP 1:238.00 SUP 2: 235.00 WWW.CAPITALSTARS.COM +917440449744

  3. CapitalStars Financial Research Pvt.,Ltd., 3 SEBI Registration Number:INA000001647 MCXDailyReport 02 NOV2018 Pick for theDAY • MCX Crude on Friday as seen in the Daily chart opened at 4860 levels and made day Low of 4630 levels. During this period Crude High is 4860 levels and finally closed at 44630 levels. Now, there are chances of down movement technically & fundamentally. • Oil prices fell on Friday as surging output by the world's three largest producers outweighed supply concerns from the start of U.S. sanctions next week against Iran's petroleumexports. • Organization of the Petroleum Exporting Countries (OPEC) boosted oil production in October to 33.31 million barrels per day (bpd), a Reuters survey found thisweek. DAILY RECOMMENDATION: SELL MCX CRUDE NOV BELOW 4630 LEVELS FOR TARGET OF 4580/4550 WITH SL 4675 OF LEVELS.

  4. CapitalStars Financial Research Pvt.,Ltd., 4 SEBI Registration Number:INA000001647 MCXDailyReport 02 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 eforts 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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