MCX DAILY REPORT 10 April 2019

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CapitalStars Financial Research Pvt. Ltd. SEBI Registration Number: INA000001647 MCX Daily Report 10 TH APR 2019 1 News Highlights BULLION - Bullion counter may witness some profit booking at higher levels as investors will eye the outcome of FOMC meeting minutes later today. Gold on Wednesday traded near a two-week high hit in the previous session as investors worried about the trade tensions between the United States and Europe and as the International Monetary Fund cut its global growth outlook. The International Monetary Fund on Tuesday cut its global economic growth forecasts for 2019 and warned growth could slow further due to trade tensions and a potentially disorderly British exit from the European Union. European Union leaders will grant British Prime Minister Theresa May a second delay to Brexit but they could demand she accepts a much longer extension as France pushed for conditions to limit Britain’s ability to undermine the bloc. Venezuela removed eight tonnes of gold from the central bank’s vaults last week and the cash-strapped socialist state is expected to sell the bullion abroad as it seeks to raise hard currency in the face of U.S. sanctions a lawmaker and one government source said. ENERGY- Crude oil may remain with upside bias as oil prices edged back towards five-month highs on Wednesday supported by ongoing supply cuts by producer club OPEC and U.S. sanctions against oil exporters Iran and Venezuela. Oil markets have been tightened this year by U.S. sanctions on oil exporters Iran and Venezuela as well as supply cuts by the producer club of the Organization of the Petroleum Exporting Countries OPEC and some non-affiliated producers a group known as OPEC+. Venezuelan oil output is estimated to have fallen from 1.19 million bpd in October to 890000 bpd in March while output from Iran has fallen from 3.33 million bpd to 2.71 million bpd due to sanctions. Declines from these two exempt countries account for almost 47 percent of the reduction seen from OPEC. Oil production in the United States has risen by more than 2 million barrels per day since early 2018 to a record 12.2 million bpd. U.S. dry natural gas production will rise to an all-time high of 91.00 billion cubic feet per day bcfd in 2019 from a record high of 83.39 bcfd in 2018 according to the Energy Information Administrations Short Term Energy Outlook STEO on Tuesday. BASE METAL - Base metals prices may trade with negative bias .Copper fell on Wednesday after the International Monetary Fund cut its global growth forecast and the United States threatened to slap tariffs on hundreds of European goods. The International Monetary Fund IMF cut its forecast for world economic growth this year to 3.3 percent from 3.5 percent previously citing the U.S.-China trade war and a potentially disorderly British exit from the European Union. An indigenous community in Peru voted to suspend its two-month road blockade of MMG Ltd’s Las Bambas copper mine for two days until the government visits the region on Thursday.

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CapitalStars Financial Research Pvt. Ltd. SEBI Registration Number: INA000001647 MCX Daily Report 10 TH APR 2019 2 CS GOLD JUN OVERVIEW: TREND : BULLISH RESIST 2: 32400 RESIST 1: 32300 SUP 1: 32100 SUP 2: 32000 WWW.CAPITALSTARS.COM +919977499927 CS SILVER MAY OVERVIEW: TREND : BULLISH RESIST 2: 38300 RESIST 1: 38100 SUP 1: 37700 SUP 2: 37600 WWW.CAPITALSTARS.COM +919977499927 Base Metals CS COPPER APR OVERVIEW: TREND : SIDEWAYS RESIST 2: 457.00 RESIST 1: 454.00 SUP 1: 447.00 SUP 2: 445.00 WWW.CAPITALSTARS.COM +919977499927 CS NICKEL APR OVERVIEW: TREND : SIDEWAYS RESIST 2: 929.00 RESIST 1: 923.00 SUP 1: 912.00 SUP 2: 907.00 WWW.CAPITALSTARS.COM +919977499927 CS ZINC APR OVERVIEW: TREND : BULLISH RESIST 2: 229.00 RESIST 1: 226.00 SUP 1: 223.00 SUP 2: 221.50 WWW.CAPITALSTARS.COM +919977499927 CS LEAD APR OVERVIEW: TREND : SIDEWAYS RESIST 2: 141.00 RESIST 1: 139.00 SUP 1: 136.00 SUP 2: 135.00 WWW.CAPITALSTARS.COM +919977499927 CS ALUMINIUM APR OVERVIEW: TREND : SIDEWAYS RESIST 2: 149.00 RESIST 1: 148.00 SUP 1: 147.00 SUP 2: 146.00 WWW.CAPITALSTARS.COM +919977499927 Energy CS CRUDE OIL APR OVERVIEW: TREND : BULLISH RESIST 2: 4544 RESIST 1:4500 SUP 1: 4410 SUP 2: 4380 WWW.CAPITALSTARS.COM +919977499927 CS NATURAL GAS APR OVERVIEW: TREND : SIDEWAYS RESIST 2: 192.00 RESIST 1: 190.00 SUP 1: 186.00 SUP 2: 184.00 WWW.CAPITALSTARS.COM +919977499927 Precious Metals

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CapitalStars Financial Research Pvt. Ltd. SEBI Registration Number: INA000001647 MCX Daily Report 10 TH APR 2019 3 Pick for the DAY MCX SILVER MAY on TUESDAY as seen in the Daily chart opened at 38050.00 levels and made day low of 37808.00 Levels. During this period SILVER MAY High is 38150.00 levels and finally closed at 37838.00 levels. Now there are chances of down movement technically fundamentally. DAILY RECOMMENDATION: SELL MCX SILVER MAY BELOW 37668 LEVELS FOR TARGET OF 37468/37268 WITH SL 37968 OF LEVELS.

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CapitalStars Financial Research Pvt. Ltd. SEBI Registration Number: INA000001647 MCX Daily Report 10 TH APR 2019 4 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. 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 :- backofficecapitalstars.com CONTACT US:- 9039012727/9977499927 Report Is Checked By Investment Advisor: CONTACT US

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