Capitalstars MCX DAILY REPORT 29 JULY 2019


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CapitalStars Financial Research Pvt. Ltd. SEBI Registration Number: INA000001647 MCX Daily Report 29 TH JULY 2019 1 News Highlights BULLION - Bullion counter may trade on mixed path .Gold prices gained on Monday ahead of this weeks U.S. Federal Reserve monetary policy meeting which is expected to lead to a cut in U.S. interest rates. Market participants are now awaiting 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. economic growth slowed less than expected in the second quarter according to a Commerce Department report on Friday making the Fed less likely to cut rates by 50 basis points given the economic improvement. U.S. and Chinese trade talks are shifting to Shanghai this week as negotiators from both countries meet for their first in-person talks since a truce at G20 last month. Expectations are low for a breakthrough. Hedge funds and money managers reduced their bullish stance in COMEX gold in the week to July 23 the U.S. Commodity Futures Trading Commission CFTC said in a report on Friday. ENERGY- Crude oil may trade on weaker path as oil prices fell on Monday after Iran described emergency talks on a multi-party nuclear agreement with a group of signatories as “constructive” suggesting an easing of tensions in the Middle East. An emergency meeting with parties to Iran’s 2015 nuclear deal was constructive but there are unresolved issues and Tehran will continue to reduce its nuclear commitments if Europeans fail to salvage the pact Iranian official Abbas Araqchi said on Sunday. The meeting did not include the United States which pulled out of the agreement in May 2018 and slapped sanctions back on Iranian oil exports. Still tensions remain high around the Strait of Hormuz the world’s most important oil passageway as Iran refused to release a British-flagged tanker it seized but granted India consular access to 18 Indian crew members. U.S. economic growth slowed less than expected in the second quarter with a boom in consumer spending strengthening the outlook for oil consumption. U.S natural gas futures dropped recently as rising gas output offset forecasts for slightly higher cooling demand with the weather expected to remain warmer than normal through mid-August. BASE METAL - Base metals may trade on sideways path. Most industrial metals on the London Metal Exchange rose on Monday ahead of planned trade talks between U.S. and Chinese officials. Trade negotiators from the United States and China will meet in Shanghai this week for a two-day discussion aimed at resolving the year-long trade war between the world’s two biggest economies. Despite the talks U.S. President Donald Trump offered a pessimistic view on reaching a trade deal with China saying Beijing may try to delay reaching a trade deal until the 2020 election. Profits earned by China’s industrial firms contracted in June after a brief gain the previous month fuelling concern that a slowdown in manufacturing from a bruising trade war will drag on economic growth. Glencore has started a new copper concentrates blending facility in Taiwan to mix clean material with ores containing high levels of arsenic three sources familiar with the matter said. United Company Rusal reported a 21 rise in second quarter aluminium sales compared to the previous quarter as the Russian aluminium giant’s recovery from 10 months under U.S. sanctions accelerated.

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CapitalStars Financial Research Pvt. Ltd. SEBI Registration Number: INA000001647 MCX Daily Report 29 TH JULY 2019 2 CS GOLD AUG OVERVIEW: TREND : SIDEWAYS RESIST 2: 35100 RESIST 1: 34900 SUP 1: 34600 SUP 2: 34500 WWW.CAPITALSTARS.COM +919977499927 CS SILVER SEP OVERVIEW: TREND : SIDEWAYS RESIST 2: 41600 RESIST 1: 41400 SUP 1: 41000 SUP 2: 40900 WWW.CAPITALSTARS.COM +919977499927 Base Metals CS COPPER AUG OVERVIEW: TREND : BEARISH RESIST 2: 454.00 RESIST 1: 449.00 SUP 1: 441.00 SUP 2: 438.00 WWW.CAPITALSTARS.COM +919977499927 CS NICKEL AUG OVERVIEW: TREND : SIDEWAYS RESIST 2: 1010.00 RESIST 1: 995.00 SUP 1: 970.00 SUP 2: 960.00 WWW.CAPITALSTARS.COM +919977499927 CS ZINC AUG OVERVIEW: TREND : SIDEWAYS RESIST 2: 194.00 RESIST 1: 193.00 SUP 1: 190.00 SUP 2: 189.00 WWW.CAPITALSTARS.COM +919977499927 CS LEAD AUG OVERVIEW: TREND : SIDEWAYS RESIST 2: 157.00 RESIST 1: 155.00 SUP 1: 153.00 SUP 2: 151.00 WWW.CAPITALSTARS.COM +919977499927 CS ALUMINIUM AUG OVERVIEW: TREND : BEARISH RESIST 2: 143.00 RESIST 1: 142.00 SUP 1: 140.00 SUP 2: 139.00 WWW.CAPITALSTARS.COM +919977499927 Energy CS CRUDE OIL AUG OVERVIEW: TREND : SIDEWAYS RESIST 2: 3940 RESIST 1:3900 SUP 1: 3840 SUP 2: 3800 WWW.CAPITALSTARS.COM +919977499927 CS NATURAL GAS JUL OVERVIEW: TREND : BEARISH RESIST 2: 156.00 RESIST 1: 154.00 SUP 1: 149.00 SUP 2: 147.00 WWW.CAPITALSTARS.COM +919977499927 Precious Metals

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CapitalStars Financial Research Pvt. Ltd. SEBI Registration Number: INA000001647 MCX Daily Report 29 TH JULY 2019 3 Pick for the DAY MCX COPPER AUG on FRIDAY as seen in the Daily chart opened at 451.00 levels and made day low of 446.0 Levels. During this period COPPER AUG High is 451.50 levels and finally closed at 446.80 levels. Now there are chances of down movement technically fundamentally. DAILY RECOMMENDATION: SELL MCX COPPER AUG BELOW 446 LEVELS FOR TARGET OF 444/442 WITH SL 448 OF LEVELS.

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CapitalStars Financial Research Pvt. Ltd. SEBI Registration Number: INA000001647 MCX Daily Report 29 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 :- CONTACT US:- 9039012727/9977499927 Report Is Checked By Investment Advisor: CONTACT US