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Mcx daily report 21 sept

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Mcx daily report 21 sept

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  1. CapitalStars Financial Research Pvt., Ltd., 1 SEBI Registration Number: INA000001647 MCX Daily Report 21 Sep 2018 News Highlights Gold prices inch up as dollar eases despite trade dispute. Gold prices edged higher on Friday to a one-week high as the dollar weakened on receding fears of a full-blown Sino-U.S. trade war, with the yellow metal heading for its first weekly gain in four. Spot gold inched up 0.2 percent to $1,209.38, after touching its highest since Sept. 13 at $1,210.01. It has risen 1.3 percent so far this week. U.S. gold futures were up 0.3 percent at $1,214.30 an ounce. Investors are awaiting next week’s Federal Reserve meeting. The U.S. central bank is widely expected to raise benchmark interest rates and shed light on the path for future rate hikes. All 113 economists in the Reuters poll forecast the Fed would raise rates when it meets Sept. 25- 26. It is expected to follow that up with one more before the end of this year, taking the fed funds rate to 2.25-2.50 percent. The US is on the cusp of implementing tariffs of 10% on $200 billion worth of Chinese goods. London copper rose on Friday and was on track to post its biggest weekly advance in four weeks as investors viewed that trade tariffs would have a softer impact to global growth than earlier feared. London Metal Exchange copper rose 1 percent to $6,140 a tonne, up nearly 3 percent this week and close to its highest in more than one month. Shanghai Futures Exchange copper edged up 0.1 percent to 49,510 yuan ($7,235) a tonne. LME counterpart with pressure from continued inflow of imports. A softened US dollar buoyed LME nickel and the SHFE 1811 contract overnight, but the contract rose slower than its LME counterpart with pressure from continued inflow of imports. We expect LME nickel to consolidate around $12,600/mt today with the 1811 contract trading at 103,000-104,500 yuan/mt. Spot prices are set at 103,300-109,500 yuan/mt today. Oil prices eased on Friday, pulling back after U.S. President Donald Trump urged OPEC to increase production. Oil prices eased on Friday, pulling back after U.S. President Donald Trump urged OPEC to increase production at its meeting in Algeria, and slowing bullish momentum that had previously propelled the market toward four-year highs. Brent crude oil settled down 78 cents at $78.70 a barrel. U.S. light crude was down 32 cents to settle at $70.80 a barrel after rising nearly 2 percent on Wednesday. Global benchmark Brent has been trading just below $80 a barrel, near its highest level in almost four years, on expectations that U.S. sanctions against Iran, OPEC’s third biggest producer, will reduce global supply.

  2. CapitalStars Financial Research Pvt., Ltd., 2 SEBI Registration Number: INA000001647 MCX Daily Report 21 Sep 2018 Precious Metals CS GOLD (OCT) OVERVIEW: TREND : BERAISH RESIST 2: 30950 RESIST 1: 30850 SUP 1:30650 SUP 2:30550 WWW.CAPITALSTARS.COM +917440449744 CS SILVER (DEC) OVERVIEW: TREND : BULLISH RESIST 2: 37900 RESIST 1: 37700 SUP 1: 37300 SUP 2: 37100 WWW.CAPITALSTARS.COM +917440449744 Base Metals CS COPPER (NOV) OVERVIEW: TREND : BULLISH RESIST 2:454.00 RESIST 1:448.00 SUP 1: 438.00 SUP 2: 433.00 WWW.CAPITALSTARS.COM +917440449744 CS NICKEL (SEP) OVERVIEW: TREND : SIDEWAYS RESIST 2: 930.00 RESIST 1: 924.00 SUP 1: 910.00 SUP 2: 902.00 WWW.CAPITALSTARS.COM +917440449744 CS ZINC (SEP) OVERVIEW: TREND : BULLISH RESIST 2:180.50 RESIST 1: 178.50 SUP 1: 174.00 SUP 2: 172.00 WWW.CAPITALSTARS.COM +917440449744 CS LEAD (SEP) OVERVIEW: TREND : BEARISH RESIST 2: 149.50 RESIST 1: 147.50 SUP 1: 144.00 SUP 2: 142.00 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 (OCT) OVERVIEW: TREND : SIDEWAYS RESIST 2: 5120 RESIST 1: 5080 SUP 1: 5000 SUP 2: 4960 WWW.CAPITALSTARS.COM +917440449744 CS NATURAL GAS (SEP) OVERVIEW: TREND : SIDEWAYS RESIST 2: 216.00 RESIST 1: 214.50 SUP 1: 211.00 SUP 2: 209.00 WWW.CAPITALSTARS.COM +917440449744

  3. CapitalStars Financial Research Pvt., Ltd., 3 SEBI Registration Number: INA000001647 MCX Daily Report 21 Sep 2018 Pick for the DAY MCX GOLD OCT on Thursday as seen in the Daily chart opened at 30600 levels and made day Low of 30562 levels. During this period Gold came up to 30670 levels and finally closed at 30599 levels. Now, there are chances of down movement technically & fundamentally. Gold prices edged higher on Friday to a one-week high as the dollar weakened on receding fears of a full-blown Sino-U.S. trade war, with the yellow metal heading for its first weekly gain in four.  The U.S. central bank is widely expected to raise benchmark interest rates and shed light on the path for future rate hikes.  DAILY RECOMMENDATION: SELL MCX GOLD OCT ABOVE 30700 LEVELS FORTARGET OF 30600/30500 WITH SL 30800 OF LEVELS.

  4. CapitalStars Financial Research Pvt., Ltd., 4 SEBI Registration Number: INA000001647 MCX Daily Report 21 Sep 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 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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