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MCX Daily Report - 22 Nov 2017

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MCX Daily Report - 22 Nov 2017

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  1. CapitalStars Financial Research Pvt., Ltd., 1 SEBI Registration Number: INA000001647 MCX Daily Report - 22 NOV 2017 News High lights Gold Prices Dip In Asia As Market Awaits Fed Minutes For Insights. Gold prices eased in Asia on Wednesday as investors geared for Fed meetings later in the day for more insight on the rate path in 2018.With Fed minutes from the November meeting due, analysts do not expect anything in the comments to dissuade market participants from assigning a high likelihood of a December rate hike. "In turn, we would not be surprised to see officials beginning to discuss potentially major changes to elements of its operating framework that could include the inflation target or other related strategies such as price level targeting," according to an analyst note. Former Fed chair Bernanke has also recently weighed in on this topic, arguing in favor of temporary price level targeting if the fed funds rate hits the effective lower bound in the future. Overnight, gold prices rose on Tuesday after the dollar fell amid weakness in long-term yields ahead of the release of the Federal Reserve's October meeting meetings slated for Wednesday. The prospect of a December rate hike appears to be fully priced in, according to investing.com’s fed rate monitor tool. Yunnan Copper Attains 644 Million Government Grants This Year. Yunnan Copper Released notice on Nov.22nd, saying the company and its subsidiaries have attained 85.6678 million yuan government grants related to earnings from January to October 2017. Government grants related to assets reaches 558.4953 million yuan. Nickel posted gains in step with a stronger showing in Chinese steel futures. Nickel on MCX settled up 1.09% at 766.70 as support seen from Three-month nickel on the London Metal Exchange which was also slightly firmer at $11,677 a tonne, extending gains from the previous session as steel dependent metal nickel posted early gains on Tuesday in both Shanghai and London markets in step with a stronger showing in Chinese steel futures. Also support seen as the global nickel market deficit slightly narrowed to 6,100 tonnes in September from a revised 6,300 tonnes the month before, data from the International Nickel Study Group showed on Monday. Oil prices firm on expected OPEC cut extension, U.S. crude stock draw. Oil prices climbed on Wednesday after a reported fall in U.S. crude inventories and on expectations that an OPEC-led production cut aimed at tightening the market will be extended beyond next March.Traders said markets have been supported by an effort led by the Organization of the Petroleum Exporting Countries (OPEC) to restrain output in a bid to end a global supply overhang. The deal to curb production is due to expire in March, but OPEC will meet on Nov. 30 in Vienna to discuss the outlook for the policy. "The meeting's outcome will ultimately determine oil prices' near-term fate," said Stephen Innes, head of trading for Asia-Pacific at futures brokerage OANDA. J.P. Morgan said in its 2018 commodities outlook, released late on Tuesday, that "oil markets in 2018 will be balanced on the back of extended ... production cuts", but added that without extended cuts, markets would be in surplus.

  2. CapitalStars Financial Research Pvt., Ltd., 2 SEBI Registration Number: INA000001647 MCX Daily Report - 22 NOV 2017 Precious Metals CS GOLD (DEC) OVERVIEW: TREND : BEARISH RESIST 2: 29550 RESIST 1: 29450 SUP 1: 29200 SUP 2: 29100 WWW.CAPITALSTARS.COM +917316690000 CS SILVER (DEC) OVERVIEW: TREND : BEARISH RESIST 2: 39800 RESIST 1: 39600 SUP 1: 38900 SUP 2: 38700 WWW.CAPITALSTARS.COM +917316690000 Base Metals CS COPPER (NOV) OVERVIEW: TREND : BULLISH RESIST 2: 453.00 RESIST 1: 451.00 SUP 1: 443.00 SUP 2: 441.00 WWW.CAPITALSTARS.COM +917316690000 CS NICKEL (NOV) OVERVIEW: TREND : BULLISH RESIST 2: 780.00 RESIST 1: 775.00 SUP 1: 745.00 SUP 2: 740.00 WWW.CAPITALSTARS.COM +917316690000 CS ZINC (NOV) OVERVIEW: TREND : BULLISH RESIST 2: 215.00 RESIST 1: 213.00 SUP 1: 208.00 SUP 2: 206.00 WWW.CAPITALSTARS.COM +917316690000 CS LEAD (NOV) OVERVIEW: TREND : BULLISH RESIST 2: 165.00 RESIST 1: 163.00 SUP 1: 158.00 SUP 2: 156.00 WWW.CAPITALSTARS.COM +917316690000 CS ALUMINIUM (NOV) OVERVIEW: TREND : BEARISH RESIST 2: 137.00 RESIST 1: 136.00 SUP 1: 133.00 SUP 2: 132.00 WWW.CAPITALSTARS.COM +917316690000 Energies CS CRUDE OIL (DEC) OVERVIEW: TREND : BULLISH RESIST 2: 3820 RESIST 1: 3780 SUP 1: 3680 SUP 2: 3640 WWW.CAPITALSTARS.COM +917316690000 CS NATURAL GAS (NOV) OVERVIEW: TREND : BEARISH RESIST 2: 202.00 RESIST 1: 199.00 SUP 1: 193.00 SUP 2: 190.00 WWW.CAPITALSTARS.COM +917316690000

  3. CapitalStars Financial Research Pvt., Ltd., 3 SEBI Registration Number: INA000001647 MCX Daily Report - 22 NOV 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 career

  4. CapitalStars Financial Research Pvt., Ltd., 4 SEBI Registration Number: INA000001647 MCX Daily Report - 22 NOV 2017 Pick for the Day MCX Crude Oil Dec on Tuesday as seen in the daily chart opened at 3679 levels and day high of 3717 levels. During this period price corrected & made day low of 3665 levels finally closed at 3678 levels. Now, there are chances of further Upside movement technically & fundamentally. . ∑ Oil prices climbed on Wednesday after a reported fall in U.S. crude inventories and on expectations that an OPEC-led production cut aimed at tightening the market will be extended beyond next March. Traders said markets have been supported by an effort led by the Organization of the Petroleum Exporting Countries (OPEC) to restrain output in a bid to end a global supply overhang. ∑ The deal to curb production is due to expire in March, but OPEC will meet on Nov. 30 in Vienna to discuss the outlook for the policy. "The meeting's outcome will ultimately determine oil prices' near-term fate," said Stephen Innes, head of trading for Asia-Pacific at futures brokerage OANDA. ∑ J.P. Morgan said in its 2018 commodities outlook, released late on Tuesday, that "oil markets in 2018 will be balanced on the back of extended ... production cuts", but added that without extended cuts, markets would be in surplus. DAILY RECOMMENDATION: Buy MCX CRUDE OIL DEC AROUND 3680 LEVELS FOR TARGET OF T1 3730/ T2 3750 WITH SL 3600 OF LEVELS.

  5. CapitalStars Financial Research Pvt., Ltd., 5 SEBI Registration Number: INA000001647 MCX Daily Report - 22 NOV 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 REGISTERED OFFICE Capitalstars Financial Research Private Limited PLOT NO.12, SCHEME NO.78 PART-II, VIJAY NAGAR, INDORE Email :- backoffice@capiltalstars.in Report Is Checked By Investment Advisor :

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