1 / 5

Daily Mcx Reports 18 April 2019

Capitalstars, financial research private limited is a SEBI Registered, provide Stock Tips,Share Market Tips , commodity &amp; currency tips.<br>http://www.capitalstars.com/tracksheet-stock-tips/<br>

Download Presentation

Daily Mcx Reports 18 April 2019

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 18THAPR 2019 MCX Daily Report News Highlights BULLION - Gold prices on Thursday touched their lowest this year, and were on course for a fourth straight weekly decline, as recent economic data drove investors towards riskier assets, with traders eyeing clues to gauge the health of global economy. Spot gold was down 0.1 percent at $1,272.33 per ounce, as of 0147 GMT, having touched $1,271.71 earlier in the session, its lowest since Dec. 27, 2018. U.S. gold futures dipped 0.2 percent lower to $1,274.50 an ounce. Economic data from China tempered concerns about global growth and took the sheen off safe-haven bullion. China’s economic growth in the first quarter remained steady at 6.4 percent, topping expectations for a 6.3 percent expansion. The data boosted global appeal for riskier assets Investors' immediate focus turned to the release of Purchasing Managers Indexes (PMIs) for the manufacturing and service sectors in Europe later in the day to provide more clues on the strength of the euro zone economy. In news, the U.S. Federal Reserve said on Wednesday it found economic activity in the country grew at a slight-to-moderate pace in March and early April. Secondly, the U.S. trade deficit fell to an eight-month low in February as imports from China plunged, temporarily providing a boost to President Donald Trump's "America First" agenda and economic growth in the first quarter. ENERGY- Crude Oil prices edged down on Thursday despite a surprise decline in U.S. inventories, with international benchmark Brent retreating from a five-month high touched in the previous session. Brent crude futures were at $71.51 a barrel at 0056 GMT, down 11 cents, or 0.2 percent, from their last close. Brent fell 0.1 percent on Wednesday, after earlier touching its highest since Nov. 8 at $72.27 a barrel. U.S. West Texas Intermediate (WTI) crude futures were at $63.67 per barrel, down 9 cents, or 0.1 percent, from their previous settlement. WTI closed the last session down 0.5 percent. U.S. crude inventories fell by 1.4 million barrels in the week to April 12, compared with analyst expectations for an increase of 1.7 million barrels. Net U.S. crude imports last week dropped by 659,000 barrels per day (bpd). U.S. natural gas futures plunged on Wednesday to their lowest since June 2016, as near-record production and forecasts for lower heating demand in the next two weeks allow utilities to stockpile gas, helping inventories rebound from unusually low levels. Ahead of weekly data on Thursday, market participants said utilities likely added a much bigger than normal 87 billion cubic feet (bcf) of gas to inventories during the week ended April 12. Front-month gas futures for May delivery on the New York Mercantile Exchange fell 5.5 cents, or 2.1 percent, to settle at $2.517 per million British thermal units (mmBtu), the lowest since June 8, 2016. BASE METAL - Base metal counter are expected to trade sideways with downside getting capped owing to optimistic sentiments prevailing on the international market. China's economy grew at a steady 6.4 percent pace in the first quarter, defying expectations for a further slowdown, as industrial production jumped sharply and consumer demand showed signs of improvement. Copper prices hit a nine-month high on Wednesday as firmer- than-expected economic growth figures from China boosted expectations for higher demand in the world's top metals consumer. Benchmark copper touched its highest since July 3 at $6,608.50 per tonne before finishing up 0.9 percent at $6,556. China's economy grew at a 6.4 percent pace in the first quarter from a year earlier, defying expectations for a further slowdown, as industrial production jumped sharply and consumer demand showed signs of improvement. Shanghai nickel and zinc fell 1.1 percent and 0.8 percent, respectively, mirroring a decline in the Chinese ferrous complex. Lead was also down. China's aluminium production fell 3.6 percent on a daily basis in March from the previous two months to its lowest rate since October, pressured by winter curbs on industry and low prices. This pushed Shanghai aluminium up as high as 13,995 yuan ($2,092.59) a tonne, its highest intra-day level since December.

  2. CapitalStars Financial Research Pvt., Ltd., 2 SEBI Registration Number: INA000001647 18THAPR 2019 MCX Daily Report Precious Metals CS GOLD (JUN) OVERVIEW: TREND : BEARISH TREND : BEARISH SUP 1:31400 SUP 2:31300 WWW.CAPITALSTARS.COM +919977499927 WWW.CAPITALSTARS.COM +919977499927 Base Metals CS COPPER (APR) OVERVIEW: TREND : SIDEWAYS RESIST 2:461.00 RESIST 1:458.00 SUP 1: 452.00 SUP 2: 449.00 TREND : BEARISH RESIST 2: 917.00 RESIST 1: 905.00 SUP 1: 885.00 SUP 2: 878.00 CS ZINC (APR) OVERVIEW: TREND : SIDEWAYS RESIST 2:228.00 RESIST 1:227.00 SUP 1: 225.00 SUP 2: 224.00 CS LEAD (APR) OVERVIEW: RESIST 2: 136.00 RESIST 1: 135.00 SUP 1: 133.00 SUP 2: 132.00 CS ALUMINIUM (APR) OVERVIEW: TREND : SIDEWAYS RESIST 2: 149.00 RESIST 1: 148.00 SUP 1: 147.00 SUP 2: 146.00 WWW.CAPITALSTARS.COM +919977499927 Energy CS CRUDE OIL (APR) OVERVIEW: TREND : SIDEWAYS

  3. CapitalStars Financial Research Pvt., Ltd., 3 SEBI Registration Number: INA000001647 18THAPR 2019 MCX Daily Report Pick for the DAY MCX NATURAL GAS APR on WEDNESDAY as seen in the Daily chart opened at 179.70 levels and made day low of 175.20 Levels. During this period NATURAL GAS APR High is 179.70 levels and finally closed at 175.40 levels. Now, there are chances of down movement technically & fundamentally. DAILY RECOMMENDATION: SELL MCX NATURAL GAS APR BELOW 174.40 LEVELS FOR TARGET OF 173/172 WITH SL 176 OF LEVELS.

  4. CAPITALSTARSFINANCIALRESEARCHPVT.LTD. CapitalStars Financial Research Private Limited is an advisory company incepted with a vision of providing fair and accurate trading and investment calls in share and commodity market. we specialize in thorough fundamental and technical research analysis in equity and commodity market to provide best equity and commodity tips to traders and investors. we provide intraday as well as delivery stock tips in NSE and BSE and commodity tips in MCX and NCDEX. Get our more services:- Intraday stock tips Financial advisory company Share market company Stock Tips * Investment & Trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance. * CapitalStars Investment Adviser: SEBI Registration Number: INA000001647 4

  5. CapitalStars Financial Research Pvt., Ltd., SEBI Registration Number: INA000001647 18THAPR 2019 MCX Daily Report 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 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 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@capitalstars.com CONTACT US:- 9039012727/9977499927 Report Is Checked By Investment Advisor:

More Related