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Mcx daily report 23 aug

This Document is all about to provide daily Mcx Report.

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Mcx daily report 23 aug

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  1. CapitalStars Financial Research Pvt.,Ltd., 1 SEBI Registration Number:INA000001647 MCXDailyReport 23 Aug2018 NewsHighlights Gold jeweler’s exports up 220 pc, gold bar imports leap by 302pc Without any significant growth in demand from any of the markets, gold jewellery exports from SEZ/EPZs have surged by 220 per cent between April and July, while that from DTA is down by 7 per cent. Import of gold bar too has recorded a huge leap of 450 per cent in July and 302 per cent between April and July. Export of gold jewellery from Special Economic Zones (SEZs) and Export Promotion Zones (EPZs) went up by 220.7 per cent to touch Rs 23,012.51 crore between April and July this year against Rs 7,175.54 crore during the same period last year. Meanwhile, jewellery exports from Domestic Tariff Area (DTA) was downby 7.36 per cent to Rs 5,863.67 crore against Rs 6,329.53 crore in the corresponding period last year, as per the data from Gems and Jewellery Export Promotion Council(GJEPC). COPPER is extending its recovery and now it’s in rangebound. LME copper traded range bound at $6,000/mt and the SHFE 1810 contract hovered around 48,400 yuan/mt overnight. Open interests for SHFE copper contracts gained 1,400 lots to 591,000 lots. The 120- and 250-week moving averages crossed at $6,000/mt, indicating some support. Spot premiums are seen lower at 80-130 yuan/mttoday. Nickel bounced back to close at $13,580/mt on Wednesday after it fell to an intraday low of $13,455/mt. LME nickel bounced back to close at $13,580/mt on Wednesday after it fell to an intraday low of $13,455/mt. The SHFE 1811 contract touched a low of 110,510 yuan/mt and closed overnight 0.5% lower at 111,490 yuan/mt. We expect nickel prices to continue such range bound patterns today as investors monitor US-China trade talks. LME nickel is likely to hover around $13,500/mt and the SHFE 1811 contract is expected to trade at 110,500-112,000 yuan/mt. Spot prices are seen at 111,000-113,000yuan/mt. International oil prices slip as trade spat escalates; US crude stock dropsupports International oil prices slipped on Thursday, weighed down by the escalating trade dispute between the United States and China, although a decline in U.S. commercial crude inventories offered some support. International markets weakened as the intensifying trade spat between the United States and China was seen as a drag on economic growth. United States and China escalated their acrimonious trade war on Thursday, implementing punitive 25 percent tariffs on $16 billion worth of the other's goods. In U.S. oil markets, a decline in commercial crude inventories provided WTI with stronger support than Brent. The world's three top producers, Russia, the United States and Saudi Arabia, now all churn out around 11 million bpd, meeting a third of globaldemand.

  2. CapitalStars Financial Research Pvt.,Ltd., SEBI Registration Number:INA000001647 MCXDailyReport 23 Aug2018 PreciousMetals CS GOLD (OCT) OVERVIEW: TREND : BEARISH RESIST 2: 29850 RESIST 1: 29750 SUP1:29550 SUP 2:29450 WWW.CAPITALSTARS.COM +917440449744 CS SILVER (SEP) OVERVIEW: TREND : BEARISH RESIST 2: 37450 RESIST 1: 37300 SUP 1: 36850 SUP 2: 36700 WWW.CAPITALSTARS.COM +917440449744 BaseMetals CS COPPER (AUG) OVERVIEW: TREND : BEARISH RESIST2:422.00 RESIST1:428.00 SUP 1: 414.00 SUP 2: 410.00 WWW.CAPITALSTARS.COM +917440449744 CS NICKEL (AUG) OVERVIEW: TREND : SIDEWAYS RESIST 2:945.00 RESIST 1:938.00 SUP 1: 927.00 SUP 2: 922.00 WWW.CAPITALSTARS.COM +917440449744 CS ZINC (AUG) OVERVIEW: TREND : BEARISH RESIST2:172.00 RESIST 1:170.50 SUP 1:168.00 SUP 2: 166.00 WWW.CAPITALSTARS.COM +917440449744 CS LEAD (AUG) OVERVIEW: TREND : BEARISH RESIST 2:144.00 RESIST 1:142.00 SUP 1:139.00 SUP 2: 137.50 WWW.CAPITALSTARS.COM +917440449744 CS ALUMINIUM (AUG) OVERVIEW: TREND : SIDEWAYS RESIST 2:143.00 RESIST 1:142.00 SUP 1:140.00 SUP 2:138.50 WWW.CAPITALSTARS.COM+917440449744 Energies CS CRUDE OIL (SEP)OVERVIEW: TREND :BEARISH RESIST 2:4740 RESIST 1:4730 SUP 1:4650 SUP 2: 4620 WWW.CAPITALSTARS.COM +917440449744 CS NATURAL GAS (AUG) OVERVIEW: TREND :SIDEWAYS RESIST 2:210.00 RESIST 1:208.50 SUP 1:205.50 SUP 2: 203.00 WWW.CAPITALSTARS.COM +917440449744

  3. CapitalStars Financial Research Pvt.,Ltd., 3 SEBI Registration Number:INA000001647 MCXDailyReport 23 Aug2018 Pick for theDAY • MCX GOLD Oct on Wednesday as seen in the Daily chart opened at 29700 levels and made day Low of 29636 levels. During this period Goldcameupto29795levelsandfinallyclosedat29678levels. • Now, there are chances of down movementtechnically • &fundamentally. • Without any significant growth in demand from any of the markets, gold jewellery exports from SEZ/EPZs have surged by 220 per cent between April and July, while that from DTA is down by 7 per cent. • Import of gold bar too has recorded a huge leap of 450 per cent in July and 302 per cent between April andJuly. DAILY RECOMMENDATION: SELL MCX GOLD OCT BELOW 29650 LEVELS FOR TARGET OF 29600/29550 WITH SL 29730 OF LEVELS.

  4. CapitalStars Financial Research Pvt.,Ltd., 4 SEBI Registration Number:INA000001647 MCXDailyReport 23 Aug2018 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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