Mcx Daily Report - 23 Oct 2017

1. CapitalStars Financial Research Pvt., Ltd., 1 SEBI Registration Number: INA000001647 MCX Daily Report -23 OCT 2017 News High lights Gold Prices Down In Asia on Monday As Dollar Gains. Gold prices fell in Asia on Monday as the dollar showed strong gains after Japan's Premier Shinzo Abe resoundingly won re-election, signaling continued easy policy. Overnight, gold prices fell on Friday, pressured lower by the stronger U.S. dollar which was boosted after President Donald Trump's plans to overhaul the tax code cleared a critical hurdle. The dollar rose on Friday, making gold more expensive for holders of other currencies, after Senate Republicans approved a budget measure that will allow them to pursue tax cuts without support from the Democratic Party. The index ended the week up 0.69%, its fifth weekly increase in six weeks. Investors expect a fiscal boost to push up inflation, adding pressure on the U.S. Federal Reserve to raise interest rates, known as the "Trumpflation" trade. Gold is highly sensitive to rising rates, which lift the opportunity cost of holding non-yielding assets such as bullion, while boosting the dollar, in which it is priced. But Republicans have yet to produce a tax reform bill amid divisions over what cuts to make and how to pay for them and analysts have warned that the White House still faces a long battle to push through its agenda. IAI: 4.965 Million Tonnes for Global Aluminium output, Dropping both on Yearly and Monthly Basis. According to data from International Aluminum Institute, the total output of global aluminium reaches 4.695 million tonnes, dropping 109,000 tonnes compared with August and dropping 157,000 tonnes compared with last year. Excluding China, the global daily output of primary aluminium in September declines to 69,600 tonnes. IAI says China’s daily average output of aluminium has increased to 86,900 tonnes. LME Lead Price to Hover at Lows. LME lead will fluctuate at highs between USD 2,460-2,490/mt today, and SHFE 1712 lead will hover between RMB 19,000-19,350/mt, with spot lead prices between RMB 19,750-19,850/mt. Crude Oil Gains In Asia On Momentum From Drop In U.S. Rig Count. Crude prices gained in Asia on Monday as rig count figures out of the U.S. aided sentiment on the supply outlook.Last week, oil prices settled higher in see-saw trade on Friday, as political tensions in the Kurdistan region continued to disrupt crude supplies. The supply disruption in Iraq comes amid ongoing political uncertainty in the region following conflict between Iraqi and Kurdish forces. Iraqi troops marched toward Northern Iraq earlier in week and regained control of two major oilfields from Kurdish forces. Meanwhile, in the U.S., investors mulled over data showing oil drilling activity fell for a third week in a row, extending a two-month drilling decline. Oilfield services firm Baker Hughes said Friday that its weekly count of oil rigs operating in the United States fell by seven to 736, the lowest level since June. The weekly rig count is an important barometer for the drilling industry and serves as a proxy for domestic oil production.

2. CapitalStars Financial Research Pvt., Ltd., 2 SEBI Registration Number: INA000001647 MCX Daily Report - 23 OCT 2017 Precious Metals CS GOLD (DEC) OVERVIEW: TREND : SIDEWAYS RESIST 2: 29850 RESIST 1: 29700 SUP 1: 29300 SUP 2: 29150 WWW.CAPITALSTARS.COM +917316690000 CS SILVER (DEC) OVERVIEW: TREND : SIDEWAYS RESIST 2: 40400 RESIST 1: 40100 SUP1: 39200 SUP2: 38900 WWW.CAPITALSTARS.COM +917316690000 Base Metals CS COPPER (NOV) OVERVIEW: TREND : SIDEWAYS RESIST 2: 463.00 RESIST 1: 460.00 SUP1: 450.00 SUP2: 447.00 WWW.CAPITALSTARS.COM +917316690000 CS NICKEL (OCT) OVERVIEW: TREND : SIDEWAYS RESIST 2: 780.00 RESIST 1: 775.00 SUP1: 750.00 SUP2: 745.00 WWW.CAPITALSTARS.COM +917316690000 CS ZINC (OCT) OVERVIEW: TREND : SIDEWAYS RESIST 2: 210.00 RESIST 1: 208.00 SUP1: 202.00 SUP2: 200.00 WWW.CAPITALSTARS.COM +917316690000 CS LEAD (OCT) OVERVIEW: TREND : BEARISH RESIST 2: 166.00 RESIST 1: 164.00 SUP1: 158.00 SUP2: 156.00 WWW.CAPITALSTARS.COM +917316690000 CS ALUMINIUM (OCT) OVERVIEW: TREND : SIDEWAYS RESIST 2: 141.00 RESIST 1: 140.00 SUP1: 137.00 SUP2: 136.00 WWW.CAPITALSTARS.COM +917316690000 Energies CS CRUDE OIL (NOV) OVERVIEW: TREND : BULLISH RESIST 2: 3490 RESIST 1: 3450 SUP1: 3360 SUP2: 3310 WWW.CAPITALSTARS.COM +917316690000 CS NATURAL GAS (OCT) OVERVIEW: TREND : SIDEWAYS RESIST 2: 200.00 RESIST 1: 196.00 SUP1: 189.00 SUP2: 185.00 WWW.CAPITALSTARS.COM +917316690000

3. CapitalStars Financial Research Pvt., Ltd., 3 SEBI Registration Number: INA000001647 MCX Daily Report - 23 OCT 2017 Capitalstars is a SEBI Registered &ISO Certified Company in Indore, they provide Equity, Commodity, Nifty & forex trading calls with profit in your trading. GET MORE DETAILS HERE:- ∑ Stock Advisory Company ∑ Trading Tips ∑ Financial Advisory company ∑ Stock Tips ∑ Share Market Company ∑ Forex trading tips ∑ Currency Tips Also, you can visit:- capitalstars Quick payment capitalstars past performance

4. CapitalStars Financial Research Pvt., Ltd., 4 SEBI Registration Number: INA000001647 MCX Daily Report -23 OCT 2017 Pick for the Day MCX Crude Oil Nov on Friday as seen in the daily chart opened at 3345 levels and day high of 3379 levels. During this period price corrected & made day low of 3322 levels finally closed at 3372 levels. Now, there are chances of further Upside movement technically & fundamentally. ∑ "Three main factors are driving China's insatiable appetite for crude: declining domestic production, increased access to imports and exports for independent refiners, and building up the strategic petroleum reserve," Britain's Barclays (LON:BARC) bank said. ∑ India's fuel thirst is also increasing. India imported a record 4.83 million barrels per day (bpd) of oil in September as several refiners resumed operations after extensive maintenance to meet rising local fuel demand. ∑ The country's September imports stood 4.2 percent above this time last year and about 19 percent more than in August, ship-tracking data from industry sources and Thomson Reuters Analytics showed. DAILY RECOMMENDATION: Buy MCX CRUDE OIL NOV AROUND 3360 LEVELS FOR TARGET OF T1 3410/T2 3430 WITH SL 3280 OF LEVELS.

5. CapitalStars Financial Research Pvt., Ltd., 5 SEBI Registration Number: INA000001647 MCX Daily Report -23 OCT 2017 isclaimer 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 financial adviser. 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. Capital stars Financial Research Private Ltd., Reserves all Rights. CONTACT US Capitalstars Financial Research Private Limited PLOT NO.12, SCHEME NO.78 PART-II, VIJAY NAGAR, INDORE Email :- backoffice@capiltalstars.in