Mcx Daily Report - 29 Nov 2017

1. CapitalStars Financial Research Pvt., Ltd., 1 SEBI Registration Number: INA000001647 MCX Daily Report -29 NOV 2017 News High lights Gold Prices Gain Slightly In Asia After NKorea Missile Test. Gold prices failed to get a significant boost in Asia on Wednesday after the latest ballistic missile test by North Korea. Overnight, gold prices pared gains on Tuesday as reports suggesting that North Korea fired a ballistic missile failed to raise safe haven demand. North Korea fired a ballistic missile from an area near Pyongyang early on Wednesday, South Korea’s military said, while the Japanese government said it landed in the country’s exclusive economic zone. The Pentagon says initial the assessment of of the North Korea launch was an ICBM and Japan PM Shinzo Abe ordered an emergency meeting of cabinet ministers over the missile launch. Also supporting gold prices were comments from Federal Reserve chair designate Jerome Powell, who testified before Congress on Tuesday. Powell’s comments did little to change the widely held view that the incoming Fed chair will adopt a similar stance to outgoing Fed Chair Janet Yellen on monetary policy. Gold is sensitive to moves in U.S. rates, which lift the opportunity cost of holding non-yielding assets such as bullion. Macquarie: Copper to Face Potential Rising Inventory in Short Term. Lynn Zhao, Macquarie analyst says, the main risk in the upcoming three months is that China’s refined copper supply is increasing but demand is slowing down, leading of refined copper inventory rising, China’s GDP growth in 2018 will slow down. Real estate industry is the biggest risk to China’s entire bulk stock demand. Ivan Arriagada, CEO of copper miner Antofagasta says, global copper market is in overall balance or slight shortage in these two years. He says global refined copper supply this year is estimated to rise 4%. US Launches Dual Trade Investigation against China’s Aluminium Alloy Sheet. US Department of Commerce announced on Tuesday, it will launch anti-dumping and anti-subsidy investigation against China’s aluminium ally sheet. For $603.6 million products imported in 2016, the dumping margin is estimated to be 56.54%-59.72%. Crude Oil Down In Asia On API Estimates, All Eyes On OPEC. Crude oil eased in Asia on Wednesday as disappointing US industry inventory estimates dampened sentiment and as attention turns to an OPEC meeting in Vienna on output curb extensions.Overnight, crude oil prices settled lower on Tuesday amid ongoing investor uncertainty concerning the outcome of the OPEC meeting this week amid reports suggesting Russia is reluctant to join in extending output curbs beyond March. Crude oil added to losses from Monday, as investors continued to fret over outcome of the OPEC meeting slated for Thursday at which the oil-cartel is expected to extend the production-cut agreement beyond March. Market talk is that an OPEC and non-OPEC technical committee is fine with an initial six-month extension beyond March 2018 of oil output curbs with an option to go another three months depending on market conditions - but are concerned about the market reaction.

2. CapitalStars Financial Research Pvt., Ltd., 2 SEBI Registration Number: INA000001647 MCX Daily Report -29 NOV 2017 Precious Metals CS GOLD (DEC) OVERVIEW: TREND : SIDEWAYS RESIST 2: 29700 RESIST 1: 29600 SUP 1: 29300 SUP 2: 29200 TREND : BEARISH RESIST 2: 445.00 RESIST 1: 442.00 SUP 1: 432.00 SUP 2: 429.00 TREND : BEARISH RESIST 2: 760.00 RESIST 1: 755.00 SUP 1: 720.00 SUP 2: 715.00 TREND : BEARISH RESIST 2: 210.00 RESIST 1: 208.00 SUP 1: 203.00 SUP 2: 201.00 TREND : BEARISH RESIST 2: 161.00 RESIST 1: 159.00 SUP 1: 154.00 SUP 2: 152.00 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 : SIDEWAYS TREND : BULLISH RESIST 2: 211.00 RESIST 1: 208.00 SUP 1: 199.00 SUP 2: 196.00

3. CapitalStars Financial Research Pvt., Ltd., 3 SEBI Registration Number: INA000001647 MCX Daily Report -29 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 -29 NOV 2017 Pick for the Day MCX Crude Oil Dec on Tuesday as seen in the daily chart opened at 3752 levels and day high of 3752 levels. During this period price corrected & made day low of 3701 levels finally closed at 3738 levels. Now, there are chances of further downside movement technically & fundamentally. ∑ OPEC and Russia are expected to extend their supply cuts for the whole of 2018 but with an option to review the deal in June, OPEC sources said on Tuesday, after Moscow expressed concerns the market could overheat. ∑ Most analysts say an extension is needed to keep oil markets in balance, and also to keep the economies of oil exporting nations afloat. "It is in Russia's as well as OPEC's best interest to support oil prices given their economies' dependence on oil," said Shane Chanel, equities and derivatives adviser at ASR Wealth Advisers. DAILY RECOMMENDATION: Sell MCX CRUDE OIL DEC AROUND 3715 LEVELS FOR TARGET OF T1 3665/ T2 3645 WITH SL 3800 OF LEVELS.

5. CapitalStars Financial Research Pvt., Ltd., 5 SEBI Registration Number: INA000001647 MCX Daily Report -29 NOV 2017 D 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 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 :