1 / 6

Mcx daily report 30 nov

This Document is regarding daily Mcx report.

PurviMehta
Télécharger la présentation

Mcx daily report 30 nov

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. CapitalStars Financial Research Pvt.,Ltd., 1 SEBI Registration Number:INA000001647 MCXDailyReport 30 NOV2018 NewsHighlights Gold prices flat ahead of Trump-Xi meet at G20summit. Gold prices were flat early on Friday as the dollar steadied ahead of the G20 meet in Argentina this weekend, where US and Chinese leaders are scheduled to discuss trade matters after months of tensions. Spot gold was flat at $1,223.77 per ounce at 0126 GMT. Prices had hit a one-week high of $1,228.96 per ounce on Thursday. US gold futures were down 0.2 per cent at $1,221.6 per ounce. Palladium was up about 0.2 per cent at $1,183.20 per ounce after hitting a record high of $1,190 earlier in the session. The metal was on track to mark its best month since December 2017. US trade restrictions have hit a total of $369 billion of Chinese exports this year, much higher than the $278 billion of goods impacted by tariffs alone, a regular monitoring report of G20 trade restrictions said onThursday. US dollar dipped from two-week highs after the US Federal Reserve described interest rates as "just below" the neutralrate. The SHFE 1902 contract came off after it rose twice above the daily moving average as the market remained cautious ahead of the G20 meeting on Friday and Saturday. It closed at 49,530 yuan/mt, with open interests losing 3,242 lots. LME copper unsuccessfully tested support at the daily moving average as longs exited the market. With support at the 40-day moving average, it is expected to trade at $6,200-6,240/mt, with its SHFE counterpart at 49,400-49,800 yuan/mt. Spot premiums are seen firm at 90-150 yuan/mt on the last trading day for products with a Novemberinvoice. As a weaker US dollar grew confidence across longs, Nickel brokepressure. The SHFE nickel 1901 contract led increases among base metals, closing 1.47% higher overnight, with its LME counterpart rising 1.33%, even as the US dollar recovered. We expect LME nickel to hover around $10,900 /mt, with the contract trading at 89,000-91,000 yuan/mt today. Spot prices are seen at 90,000-100,000 yuan/mttoday. Oil firms as OPEC output cuts loom, but rising U.S. supply stemsgains. Oil prices firmed on Friday on expectations that OPEC and Russia will agree some form of production cuts next week, although swelling U.S. supplies kept markets in check. Despite the firmer prices, crude oil has lost almost a third in value since early October because of an emerging supply glut following a global surge in production, including from the United States, Russia and by the Middle East-dominated Organization of the Petroleum Exporting Countries (OPEC). To rein in the glut, OPEC and its main partner Russia are moving closer to an agreement around further production cuts. Bank said on Fridaythat oil prices were rebounding "as signs that OPEC+ was moving closer to an agreement around further production cuts." The producer group plus non-OPEC member Russia will gather on Dec. 6 and 7 in Vienna to discuss output policy. Before that, the world's top three producers - the United States, Russia and Saudi Arabia - will be part of a meeting of the Group of 20 industrialized nations in Buenos Aires, Argentina, thisweekend.

  2. CapitalStars Financial Research Pvt.,Ltd., SEBI Registration Number:INA000001647 MCXDailyReport 30 NOV2018 PreciousMetals CS GOLD (DEC) OVERVIEW: TREND : BEARISH RESIST 2: 30500 RESIST 1: 30400 SUP1:30200 SUP 2:30100 WWW.CAPITALSTARS.COM +919977499927 CS SILVER (DEC) OVERVIEW: TREND : BEARISH RESIST 2: 36000 RESIST 1: 35700 SUP 1: 35400 SUP 2: 35175 WWW.CAPITALSTARS.COM +919977499927 BaseMetals CS COPPER (NOV) OVERVIEW: TREND : BEARISH RESIST2:440.00 RESIST1:434.00 SUP 1: 428.00 SUP 2: 422.00 WWW.CAPITALSTARS.COM +919977499927 CS NICKEL (NOV) OVERVIEW: TREND : BEARISH RESIST 2:775.00 RESIST 1:765.00 SUP 1: 750.00 SUP 2: 745.00 WWW.CAPITALSTARS.COM +919977499927 CS ZINC (NOV) OVERVIEW: TREND : SIDEWAYS RESIST2:182.00 RESIST1:180.00 SUP 1:178.00 SUP 2: 175.50 WWW.CAPITALSTARS.COM +919977499927 CS LEAD (NOV) OVERVIEW: TREND : BEARISH RESIST 2:139.00 RESIST 1:137.00 SUP 1:135.00 SUP 2: 133.00 WWW.CAPITALSTARS.COM +919977499927 CS ALUMINIUM (NOV)OVERVIEW: TREND :BEARISH RESIST 2:139.00 RESIST 1:137.50 SUP 1:136.00 SUP 2:134.00 WWW.CAPITALSTARS.COM+919977499927 Energies CS CRUDE OIL (DEC)OVERVIEW: TREND :BEARISH RESIST 2:3700 RESIST 1:3650 SUP 1:3550 SUP 2: 3500 WWW.CAPITALSTARS.COM +919977499927 CS NATURAL GAS (DEC)OVERVIEW: TREND :BEARISH RESIST 2:335.00 RESIST 1:330.00 SUP 1:320.00 SUP 2: 303.00 WWW.CAPITALSTARS.COM +919977499927

  3. CapitalStars Financial Research Pvt.,Ltd., 3 SEBI Registration Number:INA000001647 MCXDailyReport 30 NOV2018 Pick for theDAY • MCX Crude on Friday as seen in the Daily chart opened at 3568 levels and made day low of 3464 Levels. During this period Crude High is 3648 levels and finally closed at 3633 levels. Now, there are chances of down movement technically & fundamentally. • Oil prices firmed on Friday on expectations that OPEC and Russia will agree some form of production cuts next week, although swelling U.S. supplies kept markets incheck. • The producer group plus non-OPEC member Russia will gather on Dec. 6 and 7 in Vienna to discuss outputpolicy. • DAILY RECOMMENDATION: SELL MCX CRUDE DEC BELOW 3600 LEVELS FOR TARGET OF 3570/3550 WITH SL 3652 OF LEVELS.

  4. CapitalStars Financial Research Pvt.,Ltd., 4 SEBI Registration Number:INA000001647 MCXDailyReport 30 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

  5. Report Is Checked By InvestmentAdvisor:

More Related