MCX DAILY REPORT 22 APR 2019

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- Bullion counter may open on positive note as gold prices steadied on Monday after falling to a near four-month low in the previous session, with the dollar gaining in the wake of indications that U.S.

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CapitalStars Financial Research Pvt. Ltd. SEBI Registration Number: INA000001647 MCX Daily Report 22 ND APR 2019 1 News Highlights BULLION - Bullion counter may open on positive note as gold prices steadied on Monday after falling to a near four-month low in the previous session with the dollar gaining in the wake of indications that U.S. economic growth picked up in the first quarter. The dollar drifted higher against the euro and British pound on Monday supported by the relative strength of the U.S. economy though moves remained small as many investors were still away for the long Easter weekend. U.S. retail sales increased by the most in 1- 1/2 years in March as households boosted purchases of motor vehicles and a range of other goods the latest indication that economic growth picked up in the first quarter after a false start data showed on Thursday. Hedge funds and money managers switched to a net short position in COMEX gold in the week to April 16 the U.S. Commodity Futures Trading Commission CFTC said on Friday. Gold premiums in top consumer China jumped to their highest in more than two years as a drop in global prices and strengthening yuan encouraged purchases amid optimism about the state of the economy. ENERGY- Crude oil may trade in green as oil prices oil prices rallied by more than 2 percent on Monday to levels not seen since November 2018 as Washington is set to announce all imports of Iranian oil must end or be subject to sanctions. News that the United States is preparing to announce on Monday that all buyers of Iranian oil will have to end their imports shortly or be subject to U.S. sanctions was first reported on Sunday by Washington Post foreign policy and national security columnist Josh Rogin. The U.S. reimposed sanctions in November on exports of Iranian oil after President Donald Trump unilaterally pulled out of a 2015 nuclear accord between Iran and six world powers. Washington however granted Iran’s eight main buyers of oil mostly in Asia waivers to the sanctions which allowed them limited purchases for half-a- year. Iran’s biggest oil customers are China and India who have both been lobbying for extensions to sanction waivers. BASE METAL - Base metals prices may trade with firm bias. China’s refined copper output came in at 705000 tonnes in March according to data published by the National Bureau of Statistics on Friday. The bureau said the number was up 10.2 percent year-on-year but it is the lowest monthly total in records on the bureau’s website since June 2016. The most active aluminium contract on the Shanghai Futures Exchange ShFE hit its highest since November 2018 on Monday following a drop in inventories last week. Shanghai aluminium jumped to as high as 14175 yuan 2114.44 a tonne after data on Friday showed that aluminium stocks in warehouses tracked by ShFE dropped to 665067 tonnes their lowest weekly level since November 2017.

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CapitalStars Financial Research Pvt. Ltd. SEBI Registration Number: INA000001647 MCX Daily Report 22 ND APR 2019 2 CS GOLD JUN OVERVIEW: TREND : BEARISH RESIST 2: 31700 RESIST 1: 31600 SUP 1: 31400 SUP 2: 31300 WWW.CAPITALSTARS.COM +919977499927 CS SILVER MAY OVERVIEW: TREND : BEARISH RESIST 2: 37500 RESIST 1: 37400 SUP 1: 37100 SUP 2: 36900 WWW.CAPITALSTARS.COM +919977499927 Base Metals CS COPPER APR OVERVIEW: TREND : SIDEWAYS RESIST 2: 457.00 RESIST 1: 452.00 SUP 1: 444.00 SUP 2: 441.00 WWW.CAPITALSTARS.COM +919977499927 CS NICKEL APR OVERVIEW: TREND : BEARISH RESIST 2: 903.00 RESIST 1: 890.00 SUP 1: 868.00 SUP 2: 860.00 WWW.CAPITALSTARS.COM +919977499927 CS ZINC APR OVERVIEW: TREND : SIDEWAYS RESIST 2: 227.00 RESIST 1: 226.00 SUP 1: 223.00 SUP 2: 222.00 WWW.CAPITALSTARS.COM +919977499927 CS LEAD APR OVERVIEW: TREND : SIDEWAYS RESIST 2: 136.00 RESIST 1: 135.00 SUP 1: 134.00 SUP 2: 133.00 WWW.CAPITALSTARS.COM +919977499927 CS ALUMINIUM APR OVERVIEW: TREND : SIDEWAYS RESIST 2: 151.00 RESIST 1: 150.00 SUP 1: 148.00 SUP 2: 147.00 WWW.CAPITALSTARS.COM +919977499927 Energy CS CRUDE OIL MAY OVERVIEW: TREND : SIDEWAYS RESIST 2: 4482 RESIST 1:4460 SUP 1: 4410 SUP 2: 4380 WWW.CAPITALSTARS.COM +919977499927 CS NATURAL GAS APR OVERVIEW: TREND : BEARISH RESIST 2: 176.00 RESIST 1: 175.00 SUP 1: 172.00 SUP 2: 171.00 WWW.CAPITALSTARS.COM +919977499927 Precious Metals

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CapitalStars Financial Research Pvt. Ltd. SEBI Registration Number: INA000001647 MCX Daily Report 22 ND APR 2019 3 Pick for the DAY MCX CRUDE OIL MAY on THRUSDAY as seen in the Daily chart opened at 4425.00 levels and made day low of 4404.00 Levels. During this period CRUDE OIL MAY High is 4454.00 levels and finally closed at 4439.00 levels. Now there are chances of up movement technically fundamentally. DAILY RECOMMENDATION: BUY MCX CRUDE OIL MAY ABOVE 4604 LEVELS FOR TARGET OF 4624/4650 WITH SL 4570 OF LEVELS.

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CapitalStars Financial Research Pvt. Ltd. SEBI Registration Number: INA000001647 MCX Daily Report 22 ND 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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