Capitalstars MCX DAILY REPORT 01 AUGUST 2019

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CapitalStars Financial Research Pvt. Ltd. SEBI Registration Number: INA000001647 MCX Daily Report 01 ST AUGUST 2019 1 News Highlights BULLION - Bullion counter may trade on negative path as gold prices slipped to a two-week low on Thursday after the U.S. Federal Reserve delivered a 25-basis-point rate cut as expected but ruled out a lengthy easing cycle sending the dollar to a two-year peak. Policymakers moved the U.S. central banks benchmark overnight lending rate to a target range of 2.00 to 2.25 citing concerns about the global economy and muted U.S. inflation. However Fed Chair Jerome Powell speaking in a news conference after the release of the central banks statement characterized Wednesdays rate cut as "a mid-cycle adjustment to policy" a sign to markets that further sharp cuts were not imminent. U.S. Treasuries reacted to Powells remarks by flattening the yield curve as the front-end of the market scaled back on prior expectations for at least a 100 basis points of easing in the near-term. U.S. and Chinese negotiators ended a brief round of trade talks on Wednesday with little sign of progress and agreed to meet again in September prolonging an uneasy truce in a year-long trade war between the worlds two largest economies. The U.S. Mint sold 5500 ounces of American Eagle gold coins in July up 10 from the previous month according to the latest data. ENERGY- Crude oil may trade on negative path as oil prices fell more than 1 on Thursday declining for the first time in six days after the U.S. Federal Reserve dampened hopes for a string of rate cuts and Sino-U.S. trade talks ended without progress. The drop came despite a bigger-than-expected decline in inventories in the U.S. and a drop in crude production among OPEC members along with Libya cutting exports typically bullish drivers for the market. Meanwhile U.S. crude oil stockpiles fell for the seventh straight week declining to their lowest levels since November even as production rebounded and net imports increased the Energy Information Administration said on Wednesday. Crude inventories fell 8.5 million barrels in the week ended July 26 far exceeding analysts’ expectations for a decrease of 2.6 million barrels. Libya’s state-owned National Oil Corp declared force majeure on loadings of crude from the country’s largest oil field on Wednesday. U.S. natural gas futures rose 4.5 on Wednesday recovering from a three-year low touched the previous day as investors covered short positions.. BASE METAL - Base metals may trade on sideways to weaker path. Pressure on Chinas factories eased a little in July due to growth-boosting steps from the government but overall manufacturing activity remained in contraction a private survey showed on Thursday. London copper prices slipped to a three-week low on Thursday after Federal Reserve Chairman Jerome Powell said the U.S. central banks first rate cut since 2008 was not the start of a long easing cycle while Sino-U.S. trade talks appeared to have made little progress. U.S. and Chinese negotiators ended a round of trade talks with little sign of progress and agreed to meet again in September prolonging an uneasy truce in a year- long trade war between the worlds top two economies. A Chinese billionaire has been indicted by a grand jury on charges he schemed with the aluminum company he founded to evade 1.8 billion of tariffs by smuggling huge amounts of the metal into the United States federal prosecutors said on Wednesday.

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CapitalStars Financial Research Pvt. Ltd. SEBI Registration Number: INA000001647 MCX Daily Report 01 ST AUGUST 2019 2 CS GOLD OCT OVERVIEW: TREND : SIDEWAYS RESIST 2: 35600 RESIST 1: 35400 SUP 1: 35000 SUP 2: 34700 WWW.CAPITALSTARS.COM +919977499927 CS SILVER SEP OVERVIEW: TREND : SIDEWAYS RESIST 2: 41400 RESIST 1: 41100 SUP 1: 40700 SUP 2: 40500 WWW.CAPITALSTARS.COM +919977499927 Base Metals CS COPPER AUG OVERVIEW: TREND : BEARISH RESIST 2: 451.00 RESIST 1: 447.00 SUP 1: 440.00 SUP 2: 436.00 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: 194.00 RESIST 1: 193.00 SUP 1: 191.00 SUP 2: 190.00 WWW.CAPITALSTARS.COM +919977499927 CS LEAD AUG OVERVIEW: TREND : BEARISH RESIST 2: 155.00 RESIST 1: 154.00 SUP 1: 151.00 SUP 2: 150.00 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: 4100 RESIST 1:4050 SUP 1: 3960 SUP 2: 3900 WWW.CAPITALSTARS.COM +919977499927 CS NATURAL GAS JUL OVERVIEW: TREND : BEARISH RESIST 2: 159.00 RESIST 1: 157.00 SUP 1: 154.00 SUP 2: 152.00 WWW.CAPITALSTARS.COM +919977499927 Precious Metals

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CapitalStars Financial Research Pvt. Ltd. SEBI Registration Number: INA000001647 MCX Daily Report 01 ST AUGUST 2019 3 Pick for the DAY MCX COPPER AUG on WEDNESDAY as seen in the Daily chart opened at 449.45 levels and made day low of 435.40 Levels. During this period COPPER AUG High is 449.75 levels and finally closed at 436.95 levels. Now there are chances of down movement technically fundamentally. DAILY RECOMMENDATION: SELL MCX COPPER AUG BELOW 443.50 LEVELS FOR TARGET OF 441.50/439.50 WITH SL 445.50 OF LEVELS.

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CapitalStars Financial Research Pvt. Ltd. SEBI Registration Number: INA000001647 MCX Daily Report 01 ST AUGUST 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