Capitalstars MCX DAILY REPORT 31 JULY 2019


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CapitalStars Financial Research Pvt. Ltd. SEBI Registration Number: INA000001647 MCX Daily Report 31 ST JULY 2019 1 News Highlights BULLION - Bullion counter may trade on mixed path as gold was mostly unchanged in early Asian trade on Wednesday as investors awaited the outcome of a U.S. Federal Reserve meeting at which policymakers are expected to cut interest rates for the first time since the financial crisis. Investors are bracing for the Feds policy announcement due later in the day for which markets have already fully priced in a quarter of a percentage point rate cut. Markets will also be watching for guidance on whether the Federal Open Market Committees expected move is a one-time cut or the beginning of a rate-cutting cycle. U.S. President Donald Trump reiterated his call for the Fed to make a large interest rate cut saying he was disappointed in the U.S. central bank and that it had put him at a disadvantage by not acting sooner. Trump warned China against waiting out his presidency before finalizing a trade deal saying if he wins re-election in November 2020 the outcome could be no agreement or a harsher one. ENERGY- Crude oil may trade on positive path as oil prices rose for a fifth day on Wednesday buoyed by a bigger than expected drop in U.S. inventories and as investors awaited a widely expected cut in interest rates by the Federal Reserve the first in more than 10 years. Still U.S. inventories have been falling in recent weeks suggesting demand concerns are overstated. Stocks fell again last week along with gasoline and distillate inventories data from industry group the American Petroleum Institute API showed on Tuesday. Distillate fuels stockpiles which include diesel and heating oil fell by 890000 barrels compared with expectations for a 1 million-barrel gain the API data showed. Total crude stockpiles however would still be about 3 higher than the average for the five years between 2014-2018 average for this time of year. BASE METAL - Base metals may trade on sideways path. U.S. President Donald Trump on Tuesday warned China against waiting out his first term to finalise any trade deal saying if he wins re-election in the November 2020 U.S. presidential contest the outcome will be worse for China. China’s factory activity shrank for the third straight month in July an official survey showed on Wednesday underlining the need for more stimulus to support an economy hit hard by the bruising trade war with the United States. Copper prices in London were steady on Wednesday ahead of a rate decision by the U.S. Federal Reserve but were on track to fall this month amid slowing growth from top consumer China. About 18000 tonnes of lead are expected to be off the market as Korea Zinc is carrying out maintenance at a lead refinery until late August but the company had secured inventories ahead of the maintenance.

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CapitalStars Financial Research Pvt. Ltd. SEBI Registration Number: INA000001647 MCX Daily Report 31 ST JULY 2019 2 CS GOLD OCT OVERVIEW: TREND : SIDEWAYS RESIST 2: 35700 RESIST 1: 35500 SUP 1: 35000 SUP 2: 34700 WWW.CAPITALSTARS.COM +919977499927 CS SILVER SEP OVERVIEW: TREND : SIDEWAYS RESIST 2: 41900 RESIST 1: 41600 SUP 1: 41100 SUP 2: 40900 WWW.CAPITALSTARS.COM +919977499927 Base Metals CS COPPER AUG OVERVIEW: TREND : SIDEWAYS RESIST 2: 454.00 RESIST 1: 450.00 SUP 1: 444.00 SUP 2: 440.00 WWW.CAPITALSTARS.COM +919977499927 CS NICKEL AUG OVERVIEW: TREND : SIDEWAYS RESIST 2: 1030.00 RESIST 1: 1015.00 SUP 1: 990.00 SUP 2: 980.00 WWW.CAPITALSTARS.COM +919977499927 CS ZINC AUG OVERVIEW: TREND : SIDEWAYS RESIST 2: 195.00 RESIST 1: 193.00 SUP 1: 191.00 SUP 2: 190.00 WWW.CAPITALSTARS.COM +919977499927 CS LEAD AUG OVERVIEW: TREND : SIDEWAYS RESIST 2: 155.00 RESIST 1: 154.00 SUP 1: 152.00 SUP 2: 151.00 WWW.CAPITALSTARS.COM +919977499927 CS ALUMINIUM AUG OVERVIEW: TREND : BEARISH RESIST 2: 144.00 RESIST 1: 143.00 SUP 1: 141.00 SUP 2: 139.00 WWW.CAPITALSTARS.COM +919977499927 Energy CS CRUDE OIL AUG OVERVIEW: TREND : SIDEWAYS RESIST 2: 4100 RESIST 1:4050 SUP 1: 3970 SUP 2: 3900 WWW.CAPITALSTARS.COM +919977499927 CS NATURAL GAS JUL OVERVIEW: TREND : BEARISH RESIST 2: 151.00 RESIST 1: 149.00 SUP 1: 147.00 SUP 2: 146.00 WWW.CAPITALSTARS.COM +919977499927 Precious Metals

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CapitalStars Financial Research Pvt. Ltd. SEBI Registration Number: INA000001647 MCX Daily Report 31 ST JULY 2019 3 Pick for the DAY MCX GOLD OCT on TUESDAY as seen in the Daily chart opened at 35410.00 levels and made day low of 35170.00 Levels. During this period GOLD OCT High is 35590.00 levels and finally closed at 35403.00 levels. Now there are chances of down movement technically fundamentally. DAILY RECOMMENDATION: SELL MCX GOLD OCT BELOW 35340 LEVELS FOR TARGET OF 35240/35140 WITH SL 35440 OF LEVELS.

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CapitalStars Financial Research Pvt. Ltd. SEBI Registration Number: INA000001647 MCX Daily Report 31 ST 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