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Mcx daily report 17 sept

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Mcx daily report 17 sept

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  1. CapitalStars Financial Research Pvt., Ltd., 1 SEBI Registration Number: INA000001647 MCX Daily Report 17 Sep 2018 News Highlights Gold rises for second day on USD weakness and rising demand from India. Gold turned negative on Friday, as the U.S. dollar rose against the Chinese yuan after U.S. President Donald Trump reportedly told aides to proceed with tariffs on Chinese imports. Trump has directed aides to place tariffs on about $200 billion of Chinese goods, according to a person familiar with the matter. Bloomberg News first reported Trump's action. think that's what's driving gold lower, the dollar higher and the S&P market lower," said Michael Matousek, head trader at U.S. Global Investors. "Companies are theoretically going to make less money because they will get that tax." Copper was suggesting that risk-averse sentiment grew enthusiasm across longs to liquidate their positions. As longs covered their positions, the SHFE 1811 contract fell to settle at 48,420 yuan/mt, near its intraday low, after it climbed to a high of 48,680 yuan/mt. A total of 258 million yuan flowed out of the SHFE copper contracts today, suggesting that risk-averse sentiment grew enthusiasm across longs to liquidate their positions. Open interests for September-December contracts shrank close to 17,000 lots, compared to a 12,756-lot decline in open interest for all SHFE copper contracts. Technically, the 1811 contract broke the middle Bollinger band to stand above 48,000 yuan/mt and touched the 40-day moving average. LME nickel inventory dropped 103,820 mt. The SHFE 1811 contract dropped to 103,510 yuan/mt and closed at 103,820 yuan/mt after it rose to a high of 104,220 yuan/mt. Its KDJ lines expanded upwards while the MACD green line shortened. We expect the contract to hover around 103,800 yuan/mt. Oil mixed as China tariff talk scotches early rally. Oil on Friday clawed back some of its losses from the previous session, when prices fell the most in a month, as concerns about oil supply are countering worries that emerging market crises and trade disputes could dent demand. Brent crude was up 8 cents, or 0.1 percent, at $78.26 a barrel, after falling 2 percent on Thursday. The global benchmark rose on Wednesday to its highest since May 22 at $80.13. U.S. West Texas Intermediate (WTI) futures were up 18 cents, or 0.2 percent, at 68.76 a barrel, after dropping 2.5 percent on Thursday. Brent is heading for a 1.8 percent gain this week, while WTI is on track for a 1.5 percent increase. Washington re-imposed some of the financial sanctions from Aug. 6, while those affecting Iran's petroleum sector will come into force from Nov. 4. Refiners in India, traditionally major buyers of Iranian crude, will cut their monthly loadings from Iran for September and October by nearly half from earlier this year.

  2. CapitalStars Financial Research Pvt., Ltd., 2 SEBI Registration Number: INA000001647 MCX Daily Report 17 Sep 2018 Precious Metals CS GOLD (OCT) OVERVIEW: TREND : BULLISH RESIST 2: 30750 RESIST 1: 30650 SUP 1:30450 SUP 2:30350 WWW.CAPITALSTARS.COM +917440449744 CS SILVER (DEC) OVERVIEW: TREND : SIDEWAYS RESIST 2: 37400 RESIST 1: 37200 SUP 1: 36900 SUP 2: 36700 WWW.CAPITALSTARS.COM +917440449744 Base Metals CS COPPER (NOV) OVERVIEW: TREND : BULLISH RESIST 2:434.00 RESIST 1:430.00 SUP 1: 423.00 SUP 2: 418.00 WWW.CAPITALSTARS.COM +917440449744 CS NICKEL (SEP) OVERVIEW: TREND : BEARISH RESIST 2: 918.00 RESIST 1: 910.00 SUP 1: 892.00 SUP 2: 880.00 WWW.CAPITALSTARS.COM +917440449744 CS ZINC (SEP) OVERVIEW: TREND : BEARISH RESIST 2:170.00 RESIST 1: 168.00 SUP 1: 165.00 SUP 2: 163.00 WWW.CAPITALSTARS.COM +917440449744 CS LEAD (SEP) OVERVIEW: TREND : SIDEWAYS RESIST 2: 151.00 RESIST 1: 149.00 SUP 1: 146.00 SUP 2: 144.00 WWW.CAPITALSTARS.COM +917440449744 CS ALUMINIUM (SEP) OVERVIEW: TREND : SIDEWAYS RESIST 2: 149.00 RESIST 1: 148.00 SUP 1: 147.00 SUP 2: 145.50 WWW.CAPITALSTARS.COM +917440449744 Energies CS CRUDE OIL (SEP) OVERVIEW: TREND : BULLISH RESIST 2: 5040 RESIST 1: 4990 SUP 1: 4930 SUP 2: 4880 WWW.CAPITALSTARS.COM +917440449744 CS NATURAL GAS (SEP) OVERVIEW: TREND : BEARISH RESIST 2: 204.00 RESIST 1: 202.50 SUP 1: 198.00 SUP 2: 196.00 WWW.CAPITALSTARS.COM +917440449744

  3. CapitalStars Financial Research Pvt., Ltd., 3 SEBI Registration Number: INA000001647 MCX Daily Report 17 Sep 2018 Pick for the DAY MCX NICKEL SEP on Friday as seen in the Daily chart opened at 903 levels and made day Low of 892 levels. During this period NICKEL came up to 892 levels and finally closed at 893.40 levels. Now, there are chances of down movement technically & fundamentally. The SHFE 1811 contract dropped to 103,510 yuan/mt and closed at 103,820 yuan/mt after it rose to a high of 104,220 yuan/mt.  DAILY RECOMMENDATION: SELL MCX NICKEL SEP BELOW 891 LEVELS FORTARGET OF 881/871 WITH SL 910 OF LEVELS.

  4. CapitalStars Financial Research Pvt., Ltd., 4 SEBI Registration Number: INA000001647 MCX Daily Report Disclaimer 17 Sep 2018 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. Capitalstars Financial Research Private Ltd., Reserves all Rights. CONTACT US BRANCH OFFICE Capitalstars Financial Research Private Limited Forex Trading Tips Stock Market Tips Share Tips Expert PLOT NO.32, MECHANIC NAGAR EXTENSION, IDA SCHEME NO.54, VIJAYNAGAR INDORE REGISTERED OFFICE PLOT NO.12, SCHEME NO.78 PART-II, VIJAY NAGAR, INDORE Email :- backoffice@capiltalstars.in

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