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Mcx daily report 6 sept

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Mcx daily report 6 sept

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  1. CapitalStars Financial Research Pvt., Ltd., 1 SEBI Registration Number: INA000001647 MCX Daily Report 06 Sep 2018 News Highlights Gold rises for second day on USD weakness and rising demand from India. The US dollar exchange rate, as represented by the dollar index (DXY), fell to a low of 94.90 earlier today, having dropped 0.64 percent yesterday. More importantly, the greenback risks falling below the head-and-shoulders neckline support of 94.53 on escalating US-China trade tensions. Further, the yellow metal is likely taking heart from the rising demand from India, one of the biggest sources of demand for gold. The data released yesterday showed that India's gold imports more than doubled in August to hit their highest level in 15 months. As a result, the metal may remain well bid during the day ahead, although if the DXY picks up a bid on haven demand, then gold could trim gains. It is worth noting that in the recent past, the US dollar has strengthened during the bouts of risk aversion. Inflows of imports may weigh on spot premiums. As LME copper rebounded after five consecutive days of decline, and returned to around $5,900/mt as the US dollar fell. It is expected to stand above that level today. Some 5,000 lots of long positions increased across the SHFE copper contracts overnight, and this buoyed prices. Inflows of imports may weigh on spot premiums to 120-180 yuan/mt today. Long positions entered the market cautiously on concerns over potential, fresh US tariffs. LME nickel broke resistance at the $12,600/mt level and rose to a high of $12,630/mt as the US dollar weakened. It closed at $12,475/mt, with LME inventory shrinking 954 mt to 237,030 mt. The SHFE 1811 contract inched down after it climbed to a high of 103,600 yuan/mt. Long positions entered the market cautiously on concerns over potential, fresh US tariffs. We expect LME nickel to hover at $12,500/mt with the SHFE 1811 contract at 102,000-103,500 yuan/mt today. Spot prices are set at 102,500-108,500 yuan/mt.. Oil prices fall on emerging market woes, looming tariff deadline. Oil prices fell on Thursday as emerging market woes weighed on sentiment, while a deadline neared for a potential new round of U.S. tariffs on another $200 billion of Chinese goods. Broad emerging market weakness is weighing on global economic growth prospects. a public comment period on possible U.S. tariffs on another $200 billion of Chinese goods ends on Thursday, with expectations that U.S. President Donald Trump will impose the additional levies. that China and emerging markets more broadly are key demand growth areas for oil markets, analysts said crude prices had come under downward pressure. "The prospects of increased supplies from OPEC and her allies, and weaker demand from China and other emerging markets could weigh further on oil prices going forward, or at least limit the upside potential," said Fawad Razaqzada, market analyst at futures brokerage Forex.

  2. CapitalStars Financial Research Pvt., Ltd., 2 SEBI Registration Number: INA000001647 MCX Daily Report 06 Sep 2018 Precious Metals CS GOLD (OCT) OVERVIEW: TREND : BULLISH RESIST 2: 30550 RESIST 1: 30450 SUP 1: 30050 SUP 2: 29900 WWW.CAPITALSTARS.COM +917440449744 CS SILVER (DEC) OVERVIEW: TREND : BEARISH RESIST 2: 37500 RESIST 1: 37200 SUP 1: 36700 SUP 2: 36500 WWW.CAPITALSTARS.COM +917440449744 Base Metals CS COPPER (NOV) OVERVIEW: TREND : SIDEWAYS RESIST 2: 425.00 RESIST 1: 420.00 SUP 1: 415.00 SUP 2: 411.00 WWW.CAPITALSTARS.COM +917440449744 CS NICKEL (SEP) OVERVIEW: TREND : BEARISH RESIST 2: 918.00 RESIST 1: 910.00 SUP 1: 880.00 SUP 2: 875.00 WWW.CAPITALSTARS.COM +917440449744 CS ZINC (SEP) OVERVIEW: TREND : BEARISH RESIST 2: 180.00 RESIST 1: 177.00 SUP 1: 173.00 SUP 2: 171.00 WWW.CAPITALSTARS.COM +917440449744 CS LEAD (SEP) OVERVIEW: TREND : SIDEWAYS RESIST 2: 153.00 RESIST 1: 151.00 SUP 1: 148.00 SUP 2: 146.00 WWW.CAPITALSTARS.COM +917440449744 CS ALUMINIUM (SEP) OVERVIEW: TREND : BULLISH RESIST 2: 153.00 RESIST 1: 151.00 SUP 1: 146.00 SUP 2: 144.50 WWW.CAPITALSTARS.COM +917440449744 Energies CS CRUDE OIL (SEP) OVERVIEW: TREND : BULLISH RESIST 2: 5100 RESIST 1: 5050 SUP 1: 4930 SUP 2: 4880 CS NATURAL GAS (SEP) OVERVIEW: TREND : SIDEWAYS RESIST 2: 207.00 RESIST 1: 205.50 SUP 1: 200.00 SUP 2: 198.00

  3. WWW.CAPITALSTARS.COM +917440449744 WWW.CAPITALSTARS.COM +917440449744

  4. CapitalStars Financial Research Pvt., Ltd., 3 SEBI Registration Number: INA000001647 MCX Daily Report 06 Sep 2018 Pick for the DAY MCX CRUDE SEP on Wednesday as seen in the Daily chart opened at 4972 levels and made day Low of 4924 levels. During this period CRUDE came up to 4989 levels and finally closed at 4934 levels. Now, there are chances of down movement technically & fundamentally. Oil prices fall on Thursday as emerging market woes weighed on sentiment.  Oil prices fall on emerging market woes, looming tariff deadline.  DAILY RECOMMENDATION: SELL MCX CRUDE SEP BELOW 4945 LEVELS FORTARGET OF 4900/ WITH SL 4880 OF LEVELS.

  5. CapitalStars Financial Research Pvt., Ltd., 4 SEBI Registration Number: INA000001647 MCX Daily Report Disclaimer 06 Sep 2018 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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