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Mcx daily report 20 nov

This Document is regarding Daily Mcx report.

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Mcx daily report 20 nov

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  1. CapitalStars Financial Research Pvt.,Ltd., 1 SEBI Registration Number:INA000001647 MCXDailyReport 19 NOV2018 NewsHighlights Gold traders cheer as rupee getsstronger. Gold has not done well during the just-concluded Dhanteras-Diwali period, when the trade expects Indians to spend on the precious metal. This year the demand remained flat with light-weight jewelers hogging the limelight. In international markets, gold prices edged lower as investors booked some profit after the metal rose for four consecutive sessions last week, though the prices were supported by a muted dollar on the Federal Reserve’s concerns over the global economy. Weakness in the US dollar against some currencies in the global market and a higher opening of the domestic equity market helped the rupee to move ahead, market mensaid. US dollar softened when traders reassessed the pace of future US interest rate increases. London copper registered the fifth consecutive trading day of increase, with support at the 40-day moving average, and settled at $6,255/mt. The SHFE 1901 contract saw improved market sentiment as the US dollar softened when traders reassessed the pace of future US interest rate increases. It rallied to above the 50,000 yuan/mt level and closed at 49,900 yuan/mt. We expect the contract to test the support at 50,000 yuan/mt today, with trading range at 49,700-50,200 yuan/mt. LME copper is likely to trade at $6,220-6,270/mt today. Spot premiums are set at 30-90 yuan/mt amid tightsupplies. Refined nickel inventories in east China had piled up for three consecutiveweeks. London nickel led the losses among base metals and closed 1.49% lower on the day, pressured by Federal Reserve officials’ caution over the global growth outlook. Refined nickel inventories in east China had piled up for three consecutive weeks, and this lowered the SHFE 1901 contract by 1.05% overnight. We expect LME nickel to hoveraround $11,250 /mt today with the SHFE 1901 contract trading at 92,500-94,000 yuan/mt today. Spot prices are seen at 93,000-105,000yuan/mt. Oil loses steam as supply concerns add to negative economicoutlook. Oil markets lost steam on Tuesday, giving back earlier gains, as a deteriorating economic outlook and a surge in U.S. production outweighed expected supply cuts by the Organization of the Petroleum Exporting Countries (OPEC). Oil prices are almost a quarter below their recent peaks in early October, weighed down by surging supply, especially from the United States. U.S. crude oil production C-OUT-T-EIA has soared by almost 25 percent this year, to a record 11.7 million barrels per day (bpd). This comes amid widespread market expectations of an economic slowdown, which saw Asian stock markets tumble on Tuesday, adding to sharp losses on Wall Street during the previous day. a result, financial traders have become wary of oil markets, seeing further price downside risks from the soaring U.S. shale production as well as the deteriorating economic outlook. Managers have sold the equivalent of 553 million barrels of crude and fuels in the last seven weeks, the largest reduction over a comparable period since at least2013.

  2. CapitalStars Financial Research Pvt.,Ltd., SEBI Registration Number:INA000001647 MCXDailyReport 19 NOV2018 PreciousMetals CS GOLD (DEC)OVERVIEW: TREND : SIDEWAYS RESIST 2:31200 RESIST 1:31000 SUP1:30800 SUP 2:30700 WWW.CAPITALSTARS.COM +919977499927 CS SILVER (DEC) OVERVIEW: TREND : BULLISH RESIST 2: 37100 RESIST 1: 36900 SUP 1: 36600 SUP 2: 36400 WWW.CAPITALSTARS.COM +919977499927 BaseMetals CS COPPER (NOV) OVERVIEW: TREND : BULLISH RESIST2:444.00 RESIST1:440.00 SUP 1: 436.00 SUP 2: 430.00 WWW.CAPITALSTARS.COM +919977499927 CS NICKEL (NOV) OVERVIEW: TREND : BEARISH RESIST 2:828.00 RESIST 1:818.00 SUP 1: 808.00 SUP 2: 802.00 WWW.CAPITALSTARS.COM +919977499927 CS ZINC (NOV) OVERVIEW: TREND : SIDEWAYS RESIST2:193.00 RESIST1:191.00 SUP 1:188.00 SUP 2: 186.00 WWW.CAPITALSTARS.COM +919977499927 CS LEAD (NOV) OVERVIEW: TREND : BEARISH RESIST 2:143.00 RESIST 1:141.00 SUP 1:138.00 SUP 2: 136.00 WWW.CAPITALSTARS.COM +919977499927 CS ALUMINIUM (NOV)OVERVIEW: TREND :BEARISH RESIST 2:143.00 RESIST 1:141.00 SUP 1:138.00 SUP 2:136.00 WWW.CAPITALSTARS.COM+919977499927 Energies CS CRUDE OIL (DEC)OVERVIEW: TREND :SIDEWAYS RESIST 2: 4150 RESIST 1:4100 SUP 1:4050 SUP 2: 4000 WWW.CAPITALSTARS.COM +919977499927 CS NATURAL GAS (NOV)OVERVIEW: TREND :BEARISH RESIST 2:330.00 RESIST 1:325.00 SUP 1:315.00 SUP 2: 310.00 WWW.CAPITALSTARS.COM +919977499927

  3. CapitalStars Financial Research Pvt.,Ltd., 3 SEBI Registration Number:INA000001647 MCXDailyReport 19 NOV2018 Pick for theDAY • MCX Crude on Friday as seen in the Daily chart opened at 4120 levels and made day low of 3956 Levels. During this period Crude High is 4153 levels and finally closed at 4070 levels. Now, there are chances of down movement technically & fundamentally. • Oil markets lost steam on Tuesday, giving back earlier gains, as a deteriorating economic outlook and a surge in U.S. production outweighed expected supply cuts by the Organization of the Petroleum Exporting Countries(OPEC). • Oil prices are almost a quarter below their recent peaks in early October, weighed down by surging supply, especially from the United States. • DAILY RECOMMENDATION: SELL MCX CRUDE NOV BELOW 4055 LEVELS FOR TARGET OF 4030/4005 WITH SL 4085 OF LEVELS.

  4. CapitalStars Financial Research Pvt.,Ltd., 4 SEBI Registration Number:INA000001647 MCXDailyReport 19 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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