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Daily MCX Report

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Daily MCX Report

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  1. CapitalStars Financial Research Pvt.,Ltd., 1 SEBI Registration Number:INA000001647 MCXDailyReport 13Aug2018 NewsHighlights Nothing bullish happening for Gold RightNow. In other words, when it comes to a segment as volatile and sentiment- dependent as the precious metals, we are in the kill zone. That can be read a couple of different ways. First, the inflationist gold bugs are getting exterminated as the US dollar first rose and sincehave stubbornly refused to take a pullback. But the time to buy the gold sector is pretty reliably when the bugs are dead or at least hiding deep in the woodwork; so deep that you’d not even know they are still there. Just as you should have caution when gold bugs are trumpeting loudly, you should be brave when they are in full retreat… or worse, dead. So the ‘Kill Zone’ can also be viewed as an opportunity, like when a target is “in the kill zone”; and from the perspective of the following charts and graphics, the sector is in that zonenow. Copper failed to climb above the $6,200/mt level and fell to near $6,150/mt on Friday inLME. LMEcopperfailedtoclimbabovethe$6,200/mtlevelandfelltonear $6,150/mt on Friday while the SHFE 1810 contract hovered at 49,600- 49,850 yuan/mt. Open interest for SHFE copper rebounded above 600,000 lots. We expect LME copper to trade at $6,120-6,170/mt today with the SHFE 1810 contract at 49,350-49,800 yuan/mt. Spot premiums are seen at 20-60yuan/mt. As the dollar strengthened nickel felldown. As the dollar strengthened, LME nickel on Friday tumbled past the 20-day moving averageto $13,625/mt before it recovered some losses and closed at $13,805/mt. The SHFE 1811 contract on Friday night opened lower, hovered at just above its daily moving average and closed at 113,210 yuan/mt. We expect LME nickel to hover around $13,800/mt today and the SHFE 1811 contract to trade at 112,500-113,500 yuan/mt. Spot prices are seen at 111,800-114,000yuan/mt. Oil dips as trade tensions drag; Iran sanctions provide somesupport. Oil prices dipped on Tuesday as rising trade tensions dented the outlook for fuel demand growth especially in Asia, although U.S. sanctions against Iran still pointed towards tighter supply. Signs of slowing economic growth and lower fuel demand increases, especially in Asia's large emerging markets are weighing on the oil markets. growth from Asia in general is being called into question. This due to the negative impact of trade wars, a stronger dollar and rising funding costs," Ole Hansen, head of commodity strategy at Denmark's Saxo Bank, said in a note late last week. the gloomy outlook for trade and the potential slowdown in economic growth, oil markets are expected to remain relatively tight, particularly as U.S. sanctions on Iran have started. U.S. energy companies last week added the most oil rigs since May, adding 10 rigs to bring the total count to 869, according to the Baker Hughes energy servicesfirm.

  2. CapitalStars Financial Research Pvt.,Ltd., SEBI Registration Number:INA000001647 MCXDailyReport 13Aug2018 PreciousMetals CS GOLD (OCT) OVERVIEW: TREND : BULLISH RESIST 2: 29940 RESIST 1: 29840 SUP 1:29650 SUP 2: 29550 WWW.CAPITALSTARS.COM +917440449744 CS SILVER (SEP) OVERVIEW: TREND :SIDEWAYS RESIST 2:38220 RESIST 1:38050 SUP 1: 37850 SUP 2: 37700 WWW.CAPITALSTARS.COM +917440449744 BaseMetals CS COPPER (AUG) OVERVIEW: TREND : BEARISH RESIST 2:424.50 RESIST 1:421.00 SUP 1: 417.00 SUP 2: 414.00 WWW.CAPITALSTARS.COM +917440449744 CS NICKEL (AUG) OVERVIEW: TREND : BULLISH RESIST 2:969.50 RESIST 1:961.00 SUP 1: 941.00 SUP 2: 936.00 WWW.CAPITALSTARS.COM +917440449744 CS ZINC (AUG) OVERVIEW: TREND : BEARISH RESIST 2:181.50 RESIST 1:179.00 SUP 1:175.00 SUP 2: 173.50 WWW.CAPITALSTARS.COM +917440449744 CS LEAD (AUG) OVERVIEW: TREND : SIDEWAYS RESIST 2:146.50 RESIST 1:145.00 SUP 1:144.00 SUP 2: 143.00 WWW.CAPITALSTARS.COM +917440449744 CS ALUMINIUM (AUG) OVERVIEW: TREND :BULLISH RESIST 2:147.50 RESIST 1:145.50 SUP 1:142.00 SUP 2:140.50 WWW.CAPITALSTARS.COM+917440449744 Energies CS CRUDE OIL (AUG)OVERVIEW: TREND :SIDEWAYS RESIST 2: 4670 RESIST 1:4640 SUP 1:4570 SUP 2: 4530 WWW.CAPITALSTARS.COM +917440449744 CS NATURAL GAS (AUG) OVERVIEW: TREND :BULLISH RESIST 2:205.00 RESIST 1:204.00 SUP 1:202.00 SUP 2: 201.00 WWW.CAPITALSTARS.COM +917440449744

  3. CapitalStars Financial Research Pvt.,Ltd., 3 SEBI Registration Number:INA000001647 MCXDailyReport 13Aug2018 Pick for theDAY • MCX NG AUG on Friday as seen in the Daily chart opened at 203 levels and made day High of 203.70 levels. During this period crude came down to 201.20 levels and finally closed at 203.20 levels. Now, there are chances of up movement technically &fundamentally. • The early price action suggests that investors continue to wrestle with the storage deficit, rising demand and increasedproduction. • It also indicates that production seems to be meeting demand, thereby, having a limited effect on attempts to shrink the supply deficit. • DAILY RECOMMENDATION: BUY MCX NG AUGABOVE • 203.80 LEVELS FOR TARGET OF 204.5/205.50 WITH SL 202 OF LEVELS.

  4. CapitalStars Financial Research Pvt.,Ltd., 4 SEBI Registration Number:INA000001647 MCXDailyReport 13Aug 2018 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 financialadviser. 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 allRights. CONTACTUS BRANCHOFFICE Capitalstars Financial Research Private Limited Forex Trading Tips Stock Market Tips Share TipsExpert PLOT NO.32, MECHANIC NAGAR EXTENSION, IDA SCHEME NO.54, VIJAYNAGARINDORE REGISTEREDOFFICE PLOT NO.12, SCHEME NO.78 PART-II, VIJAY NAGAR,INDORE Email :-backoffice@capiltalstars.in

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