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MCX Daily Report

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MCX Daily Report

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  1. CapitalStars Financial Research Pvt., Ltd., 1 SEBI Registration Number: INA000001647 MCX Daily Report 09TH AUGUST 2019 News Highlights BULLION - Bullion counter may remain on firm path as gold prices rose on Friday, holding above the key $1,500 per ounce pivot, as fresh concerns about the U.S.-China trade dispute and worries over global economic slowdown lifted demand for the safe-haven metal. Trade tensions between the United States and China further escalated after a report that Washington is delaying a decision about licenses for U.S. firms to restart trade with Huawei Technologies. Meanwhile, U.S. economic data pointed to a robust labor market as the number of Americans filing applications for unemployment benefits unexpectedly fell last week, allaying some worries about the potential for a recession and helping U.S. Treasury yields rise. Central banks in New Zealand, Thailand and India stunned financial markets on Wednesday with a series of surprising interest rate cuts and pointing to policymakers’ dwindling ammunition to fight off a downturn. ENERGY- Crude oil may trade with positive path as oil prices rose on Friday, supported by expectations of more production cuts by OPEC amid fears the U.S.-China trade row could lead to a global slowdown, curbing demand for crude. Both contracts jumped more than 2% on Thursday to recover from January lows, buoyed by reports that Saudi Arabia, the world’s biggest oil exporter, had called other producers to discuss the recent slide in crude prices. Oil prices have still lost more than 20% from their peaks reached in April, putting them in bear territory. Global financial markets were rocked over the past week after U.S. President Donald Trump said he would impose 10% tariffs on Chinese goods starting September and a fall in the Chinese yuan sparked fears of a currency war. Saudi Arabia, de facto leader of the Organization of Petroleum Exporting Countries (OPEC), planned to maintain its crude oil exports below 7 million barrels per day in August and September to bring the market back to balance and help absorb global oil inventories, a Saudi oil official said on Wednesday. U.S. natural gas demand is at an all-time high and expected to keep rising - and yet, prices are falling. U.S. gas futures this week collapsed to a three-year low, while spot prices were on track to post their weakest summer in over 20 years. In other markets, such lackluster pricing would cause investment to retrench and supply to contract. BASE METAL - Base metals may trade on sideways to weaker path. Anti-mining protests in Peru have held up about $400 million in copper exports from some of the country's top mines and blocked supplies from reaching their operations for nearly three weeks, port operator Tisur said. Copper production in Democratic Republic of Congo rose 12.5% in the first half of the year from a year earlier to 672,272 tonnes, according to Central Bank figures. London nickel prices eased in early trade on Friday, slipping from a 16-month high struck in the previous session, after Indonesia's nickel miners association said it had urged the government not to bring forward a ban on mineral ore exports. Russian aluminium giant Rusal said on Friday lifting the share of high value-added products in its sales might prove to be tough in coming months due to the weaker market for the metal, which caused a 38% slump in its first-half net profit.

  2. CapitalStars Financial Research Pvt., Ltd., 2 SEBI Registration Number: INA000001647 MCX Daily Report 09TH AUGUST 2019 Precious Metals CS GOLD (OCT) OVERVIEW: TREND : BULLISH RESIST 2: 38500 RESIST 1: 38200 SUP 1: 37600 SUP 2: 37400 WWW.CAPITALSTARS.COM +919977499927 CS SILVER (SEP) OVERVIEW: TREND : BULLISH RESIST 2: 44000 RESIST 1: 43700 SUP 1: 43000 SUP 2: 42600 WWW.CAPITALSTARS.COM +919977499927 Base Metals CS COPPER (AUG) OVERVIEW: TREND : SIDEWAYS RESIST 2: 450.00 RESIST 1: 446.00 SUP 1: 438.00 SUP 2: 434.00 WWW.CAPITALSTARS.COM +919977499927 CS NICKEL (AUG) OVERVIEW: TREND : BULLISH RESIST 2: 1140.00 RESIST 1: 1130.00 SUP 1: 1110.00 SUP 2: 1100.00 WWW.CAPITALSTARS.COM +919977499927 CS ZINC (AUG) OVERVIEW: TREND : BEARISH RESIST 2: 187.00 RESIST 1: 186.00 SUP 1: 184.00 SUP 2: 183.00 WWW.CAPITALSTARS.COM +919977499927 CS LEAD (AUG) OVERVIEW: TREND : SIDEWAYS RESIST 2: 157.00 RESIST 1: 156.00 SUP 1: 154.00 SUP 2: 153.00 WWW.CAPITALSTARS.COM +919977499927 CS ALUMINIUM (AUG) OVERVIEW: TREND : SIDEWAYS RESIST 2: 142.00 RESIST 1: 141.00 SUP 1: 139.00 SUP 2: 138.00 WWW.CAPITALSTARS.COM +919977499927 Energy CS CRUDE OIL (AUG) OVERVIEW: TREND : BEARISH RESIST 2: 3790 RESIST 1:3740 SUP 1: 3660 SUP 2: 3620 WWW.CAPITALSTARS.COM +919977499927 CS NATURAL GAS (AUG) OVERVIEW: TREND : BEARISH RESIST 2: 151.00 RESIST 1: 150.00 SUP 1: 148.00 SUP 2: 147.00 WWW.CAPITALSTARS.COM +919977499927

  3. CapitalStars Financial Research Pvt., Ltd., 3 SEBI Registration Number: INA000001647 MCX Daily Report 09TH AUGUST 2019 Pick for the DAY MCX ZINC AUG on THRUSDAY as seen in the Daily chart opened at 185.70 levels and made day low of 183.60 Levels. During this period ZINC AUG High is 185.95 levels and finally closed at 185.45 levels. Now, there are chances of down movement technically & fundamentally. DAILY RECOMMENDATION: SELL MCX ZINC AUG BELOW 185.50 LEVELS FOR TARGET OF 184.50/183.50 WITH SL 186.50 OF LEVELS.

  4. CapitalStars Financial Research Pvt., Ltd., 4 SEBI Registration Number: INA000001647 MCX Daily Report 09TH AUGUST 2019 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 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@capitalstars.com CONTACT US:- 9039012727/9977499927 Report Is Checked By Investment Advisor:

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