Capitalstars MCX DAILY REPORT 26 JULY 2019

Views:
 
     
 

Presentation Description

Capitalstars provide best stock-cash intraday tips and equity tips for traders to get huge profit in share market .We also provide various services in all segment of stock market.

Comments

Presentation Transcript

slide 1:

CapitalStars Financial Research Pvt. Ltd. SEBI Registration Number: INA000001647 MCX Daily Report 26 TH JULY 2019 1 News Highlights BULLION - Bullion counter may trade on weaker path as gold prices witnessed sharp decline in the previous session while investors awaited U.S. economic growth data due later in the day that could provide clues about the Federal Reserves monetary policy meeting. Gold fell on Thursday after data showed that weekly U.S. jobless claims number fell to a three-month low last week pointing to strength in the labor market while new orders for key U.S.-made capital goods surged 1.9 in June. Market participants are now looking ahead to the U.S. central banks July 30-31 monetary policy meeting where it is expected to trim its interest rate by at least 25 basis points. U.S. Treasury yields following rosier-than-expected economic sentiment from the European Central Bank. The ECB signalled its intention to explore monetary easing but left interest rates unchanged and bank President Mario Draghi struck a more upbeat tone on the economy than investors expected. The ECB signalled its intention to explore monetary easing but left interest rates unchanged and bank President Mario Draghi struck a more upbeat tone on the economy than investors expected. ENERGY- Crude oil may trade on weaker path as oil prices fell after a Reuters poll showed global economic growth is likely to slow further amid the U.S.-China trade war although losses were limited by tensions in the Middle East. A global economic growth rut risks deepening despite expectations that major central banks will cut rates or ease policy further according to Reuters polls of over 500 economists who remain worried about the U.S.-China trade war. Increasing pessimism is clear from the latest polls taken July 1-24 which show the growth outlook for nearly 90 of over 45 economies polled was either downgraded or left unchanged. That applied not just to this year but also 2020. While concerns over Middle East supply disruptions have led to recent price spikes oil has generally been under pressure from worries about global economic growth amid growing signs of harm from the rumbling Sino-U.S. trade war over the past year. U.S. natural gas futures gained over 1 on Thursday following the release of a report showing a smaller-than-usual storage build last week and forecasts for slightly higher demand over the next two weeks than previously expected. BASE METAL - Base metals may trade on subdued path. Copper prices dropped on Friday on track for their first weekly decline in three as comments from European Central Bank President Mario Draghi were less dovish than hoped after the bank held rates steady at its latest meeting. An aggressive easing by a major central bank generally supports growth and helps lift metal prices. Peru’s president said his government will re-evaluate its recent decision to grant a construction permit to Southern Copper Corp for its proposed mine Tia Maria at the request of local authorities calling for its annulment. The European Central Bank ECB signalled its intention to explore monetary easing but left interest rates unchanged on Thursday. Lead negotiators for China and the United States will meet in Shanghai on Tuesday for two days in the next round of trade talks aimed to end their year-long trade war China’s commerce ministry confirmed.

slide 2:

CapitalStars Financial Research Pvt. Ltd. SEBI Registration Number: INA000001647 MCX Daily Report 26 TH JULY 2019 2 CS GOLD AUG OVERVIEW: TREND : SIDEWAYS RESIST 2: 35200 RESIST 1: 35000 SUP 1: 34700 SUP 2: 34500 WWW.CAPITALSTARS.COM +919977499927 CS SILVER SEP OVERVIEW: TREND : BULLISH RESIST 2: 42000 RESIST 1: 41700 SUP 1: 41200 SUP 2: 40900 WWW.CAPITALSTARS.COM +919977499927 Base Metals CS COPPER JUL OVERVIEW: TREND : SIDEWAYS RESIST 2: 453.00 RESIST 1: 451.00 SUP 1: 447.00 SUP 2: 446.00 WWW.CAPITALSTARS.COM +919977499927 CS NICKEL JUL OVERVIEW: TREND : BEARISH RESIST 2: 1020.00 RESIST 1: 1000.00 SUP 1: 990.00 SUP 2: 975.00 WWW.CAPITALSTARS.COM +919977499927 CS ZINC JUL OVERVIEW: TREND : SIDEWAYS RESIST 2: 195.00 RESIST 1: 193.00 SUP 1: 190.00 SUP 2: 189.00 WWW.CAPITALSTARS.COM +919977499927 CS LEAD JUL OVERVIEW: TREND : SIDEWAYS RESIST 2: 161.00 RESIST 1: 160.00 SUP 1: 156.00 SUP 2: 154.00 WWW.CAPITALSTARS.COM +919977499927 CS ALUMINIUM JUL OVERVIEW: TREND : BEARISH RESIST 2: 142.00 RESIST 1: 141.00 SUP 1: 140.00 SUP 2: 139.00 WWW.CAPITALSTARS.COM +919977499927 Energy CS CRUDE OIL AUG OVERVIEW: TREND : SIDEWAYS RESIST 2: 4000 RESIST 1:3940 SUP 1: 3870 SUP 2: 3840 WWW.CAPITALSTARS.COM +919977499927 CS NATURAL GAS JUL OVERVIEW: TREND : BEARISH RESIST 2: 158.00 RESIST 1: 156.00 SUP 1: 154.00 SUP 2: 151.00 WWW.CAPITALSTARS.COM +919977499927 Precious Metals

slide 3:

CapitalStars Financial Research Pvt. Ltd. SEBI Registration Number: INA000001647 MCX Daily Report 26 TH JULY 2019 3 Pick for the DAY MCX ALUMINIUM JUL on THRUSDAY as seen in the Daily chart opened at 141.30 levels and made day low of 140.40 Levels. During this period ALUMINIUM JUL High is 141.35 levels and finally closed at 141.05 levels. Now there are chances of down movement technically fundamentally. DAILY RECOMMENDATION: SELL MCX ALUMINIUM JUL BELOW 140.60 LEVELS FOR TARGET OF 139.60/138.60 WITH SL 141.60 OF LEVELS.

slide 4:

CapitalStars Financial Research Pvt. Ltd. SEBI Registration Number: INA000001647 MCX Daily Report 26 TH JULY 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