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Mcx daily report 24 sept

This Document is regarding daily Mcx Report.

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Mcx daily report 24 sept

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  1. CapitalStars Financial Research Pvt.,Ltd., 1 SEBI Registration Number:INA000001647 MCXDailyReport 24 Sep2018 NewsHighlights Gold prices headed lower on Friday as a stronger dollar dented demand for the precious metal. Gold prices headed lower on Friday as a stronger dollar dented demand for the precious metal, but it was still on track for its first weekly climb in four as investors reentered their attention on the Federal Reserve. The fall in dollar this week came as safe-haven demand for the U.S. currency ebbed amid continued relief that fresh U.S. and Chinese tariffs on reciprocal importswerelessharshthanoriginallyfeared.OnMonday,theU.S.slappedtariffsof10%on $200 billion in Chinese goods, before they rise to 25% by the end of 2018, rather than an outright 25%.The precious metal has dropped more than 10% from a peak in April as escalating U.S.-China trade dispute and rising U.S. interest rates were cited as catalysts for the selling in gold. The US is on the cusp of implementing tariffs of 10% on $200 billion worth of Chinese goods. As longs aggressively added their positions, the SHFE 1811 contract jumped past 50,000 yuan/mt, a psychologically-significant level, to an intraday high of 50,020 yuan/mt before it edged down to close at 49,740 yuan/mt. Open interest for the October contract shrank 8,024 lots while that for January-March contracts grew 14,198 lots. The spread between October and November contract exceeded 300 yuan/mt. On the technical front, MACD red line extended further, suggesting an open upward track for thecontract. LME counterpart with pressure from continued inflow ofimports. The SHFE 1811 contract climbed past the 20-day moving average to 105,220 yuan/mt on a substantial buildup of long positions. The contract then reversed little gains and closed at 104,870 yuan/mt. On the technical front, KDJ lines expanded upwards and MACD red line lengthened. Crude oil markets all over the place onFriday. Crude oil markets were all over the place on Friday, based upon a lot of different moving pieces. Not the least of which would have been a searching US dollar. The market does want to go higher but the US dollar strengthening based upon the noise and the United Kingdom has put more bearish pressure on this. Overall, I think that the market will be paying attention to quadruple witching during the session as well, so quite frankly I would pay more attention to the longer-term trend of going higher. The US dollar is the counterbalance, so pay attention to that. The $77.50 level underneath will be supported as well, but at this pointIthinkthatoiltradershavedecidedthattheywanttogohigher.Ifwebreakabovethe $80 level, it’s likely that we will then go to the $82.50 level next. Expect volatility regardless

  2. of what happens, so be very cautious about your position size going into this next couple of days.

  3. CapitalStars Financial Research Pvt.,Ltd., SEBI Registration Number:INA000001647 MCXDailyReport 24 Sep2018 CS ALUMINIUM (SEP) OVERVIEW: TREND : SIDEWAYS RESIST 2:151.00 RESIST 1:149.50 SUP 1:148.00 SUP 2:146.50 WWW.CAPITALSTARS.COM+917440449744 Energies CS CRUDE OIL (OCT)OVERVIEW: TREND :BULLISH RESIST 2:5190 RESIST 1:5140 SUP 1:5100 SUP 2:5060 CS NATURAL GAS (SEP)OVERVIEW: TREND :SIDEWAYS RESIST 2:218.00 RESIST 1:216.50 SUP 1:213.00 SUP 2:211.00

  4. WWW.CAPITALSTARS.COM +917440449744 WWW.CAPITALSTARS.COM +917440449744

  5. CapitalStars Financial Research Pvt.,Ltd., 3 SEBI Registration Number:INA000001647 MCXDailyReport 24 Sep2018 Pick for theDAY • MCX SILVER DEC on Friday as seen in the Daily chart opened at 37310 levels and made day High of 37845 levels. During this period Silver came down to 37291 levels and finally closed at 37582 levels. Now, there are chances of up movement technically &fundamentally. • The fall in dollar this week came as safe-haven demand for the U.S. currency ebbed amid continued relief that fresh U.S. and Chinese tariffs on reciprocal imports were less harsh than originallyfeared. • The precious metal has dropped more than 10% from a peak in April as escalating U.S.-China trade dispute and rising U.S. interest rates were cited as catalysts for the selling ingold. DAILY RECOMMENDATION: BUY MCX SILVER DEC ABOVE 37530 LEVELS FOR TARGET OF 37630/37750 WITH SL 37300 OF LEVELS.

  6. CapitalStars Financial Research Pvt.,Ltd., 4 SEBI Registration Number:INA000001647 MCXDailyReport 24 Sep2018 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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