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Mcx daily report 4 sept

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Mcx daily report 4 sept

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  1. CapitalStars Financial Research Pvt.,Ltd., 1 SEBI Registration Number:INA000001647 MCXDailyReport 04 Sep2018 NewsHighlights Gold inches down as trade worries keep dollarfirm. Gold inched down on Tuesday as the dollar remained firm near a one-week high on the back of intensifying global trade tensions, but analysts said growing emerging market worries could benefit the metal. Spot gold was down 0.1 per cent at $1,199.40 an ounce at 0049 GMT. US gold futures were down 0.1 per cent at $1,206 an ounce. Markets are nervous about the escalating trade conflict between the United States and China, after US President Donald Trump said last week that he wanted to move ahead on a plan to impose tariffs on Chinese imports worth $200billion. Pressure from shorts mounted as open interests across all SHFE copper contractsrose. Pressure from shorts mounted as open interests across all SHFE copper contracts rose 8,354 lot to 611,000 lots overnight. Pessimistic sentiment over macro economy will weigh on copper prices in the near run. The SHFE 1811 contract settled 300 yuan/mt lower at 47,860 yuan/mt. In the spot market, sellers held premiums firm, as traders accounted for most transactions. Spot premiums are seen at 130-170 yuan/mttoday. Large amount of Norilsk nickel entered the domestic market last Friday while downstream demand roseslightly. LME nickel slowed its decline by 0.12%, hovered around the daily moving average and closed at $12,795/mt. We expect it to consolidate around $12,750/mt with the SHFE 1811 contract trading at 104,000-105,500 yuan/mt. Pressure will remain in the short run after large amounts of Norilsk nickel entered the domestic market. Spot prices are likely at 104,500- 109,000yuan/mt. Oil prices rise as Gulf oil rigs evacuated ahead ofhurricane. U.S. oil prices rose on Tuesday, breaking past $70 per barrel, after two Gulf of Mexico oil platforms were evacuated in preparation for a hurricane. APC.N said on Monday it had evacuated and shut production at two oil platforms in the northern Gulf of Mexico ahead of the approach of Gordon, which is expected to come ashore as a hurricane. This came as India allowed state refiners to import Iranian oil if Tehran arranges and insures tankers. International shippers have stopped loading Iranian oil as U.S. financial sanctions against Tehran prevent them from insuring its cargoes. Mirroring a step by China, where buyers are shifting nearly all their Iranian oil imports to vessels owned by National Iranian Tanker Co (NITC), this means that Asia's two biggest oil importers are making plans to continue Iran purchases despite pressure by Washington to cut orders. said Brent was also pressured by emerging market turmoil and the strong dollar, which makes crude imports for countries using other currencies moreexpensive.

  2. CapitalStars Financial Research Pvt.,Ltd., SEBI Registration Number:INA000001647 MCXDailyReport 04 Sep2018 PreciousMetals CS GOLD (OCT) OVERVIEW: TREND : BULLISH RESIST 2: 30550 RESIST 1: 30450 SUP1:30050 SUP 2:29900 WWW.CAPITALSTARS.COM +917440449744 CS SILVER (DEC) OVERVIEW: TREND : BEARISH RESIST 2: 37950 RESIST 1: 37750 SUP 1: 37300 SUP 2: 37100 WWW.CAPITALSTARS.COM +917440449744 BaseMetals CS COPPER (NOV) OVERVIEW: TREND : SIDEWAYS RESIST2:430.00 RESIST1:425.00 SUP 1: 418.00 SUP 2: 412.00 WWW.CAPITALSTARS.COM +917440449744 CS NICKEL (SEP) OVERVIEW: TREND : BEARISH RESIST 2:924.00 RESIST 1:918.00 SUP 1: 904.00 SUP 2: 895.00 WWW.CAPITALSTARS.COM +917440449744 CS ZINC (SEP) OVERVIEW: TREND : BEARISH RESIST2:180.50 RESIST 1:178.50 SUP 1:174.00 SUP 2: 172.00 WWW.CAPITALSTARS.COM +917440449744 CS LEAD (SEP) OVERVIEW: TREND : SIDEWAYS RESIST 2:155.00 RESIST 1:153.00 SUP 1:150.00 SUP 2: 148.00 WWW.CAPITALSTARS.COM +917440449744 CS ALUMINIUM (SEP)OVERVIEW: TREND :BULLISH RESIST 2:153.00 RESIST 1:151.00 SUP 1:148.00 SUP 2:146.50 WWW.CAPITALSTARS.COM+917440449744 Energies CS CRUDE OIL (SEP)OVERVIEW: TREND :BULLISH RESIST 2:5100 RESIST 1:5050 SUP 1:4930 SUP 2: 4880 WWW.CAPITALSTARS.COM +917440449744 CS NATURAL GAS (SEP)OVERVIEW: TREND :SIDEWAYS RESIST 2:209.00 RESIST 1:207.50 SUP 1:200.00 SUP 2: 198.00 WWW.CAPITALSTARS.COM +917440449744

  3. CapitalStars Financial Research Pvt.,Ltd., 3 SEBI Registration Number:INA000001647 MCXDailyReport 04 Sep2018 Pick for theDAY • MCXNICKELSEPonMondayasseenintheDailychartopenedat • 907.90 levels and made day Low of 902.20 levels. During this period NICKELcameupto914levelsandfinallyclosedat912.30levels. • Now, there are chances of down movementtechnically • &fundamentally. • Pressure will remain in the short run after large amounts of Norilsk nickel entered the domesticmarket. • Nickel slowed its decline by 0.12%, hovered around the daily moving average and closed at$12,795/mt. DAILY RECOMMENDATION: SELL MCX NICKEL SEP BELOW 910 LEVELS FOR TARGET OF 901/895 WITH SL 917 OFLEVELS. Disclaimer

  4. CapitalStars Financial Research Pvt.,Ltd., 4 SEBI Registration Number:INA000001647 MCXDailyReport 04 Sep2018 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 Report Is Checked By InvestmentAdvisor:

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