Capitalstars MCX DAILY REPORT 05 AUGUST 2019


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CapitalStars Financial Research Pvt. Ltd. SEBI Registration Number: INA000001647 MCX Daily Report 05 TH AUGUST 2019 1 News Highlights BULLION - Gold Oct can test 35020 while taking resistance near 35510 and silver Sep can dip lower towards 40500 and resistance near 41300. The price of gold shot up from about 34040 to around 35630 as investor flocked into gold as yields plummeted following the increase in tariffs between the US and China. Trump said he would impose an additional 10 tariff on 300 billion worth of Chinese imports on Sept. 1 after U.S. negotiators returned from trade talks in Shanghai saying China had failed to buy large quantities of U.S. agricultural products as promised. Trump also said if trade negotiations fail to progress he could raise tariffs further - even beyond the 25 levy he has already imposed on 250 billion of imports from China. The tariffs may also force the Federal Reserve to again cut interest rates to protect the U.S. economy from trade-policy risk. The October Fed funds rate futures FFV9 have jumped to now fully price in a rate cut in September compared with only around 60 before the tariff announcement. Another 25 basis point move is priced in by December. ENERGY- Crude oil may move towards 3650 while taking resistance near 3820. steadying after an overnight plunge following U.S. President Donald Trump’s move to impose more tariffs on Chinese imports intensifying a trade war that has hit global growth. Brent crude slumped more than 7 on Thursday its steepest drop in more than three years. U.S. crude fell nearly 8 posting its worst day in more than four years The collapse ended a fragile rally built on steady drawdown’s in U.S. inventories even as global demand looked shaky due to the trade dispute between the world’s two biggest economies. Total U.S. oil demand in May fell 98000 bpd to 20.26 million bpd data showed earlier this week. OPEC and partners including Russia an alliance known as OPEC+ have been curbing output this year to support the market. In July OPEC production revisited a 2011 low helped by a further cut by Saudi Arabia. Natural gas can recover towards 158 while taking support near 149. Despite the rally on Wednesday the hotter trends in the overnight data are still not hot enough to impress and suggests there is still a bearish bias in the market. The rally we say yesterday was probably driven by short-covering due to the slight change in the weather pattern and grossly oversold technical indicators. BASE METAL - Copper may test 436 while taking resistance near 445. Copper hitting its lowest in over three weeks after U.S. President Donald Trump said he would slap a 10 tariff on the remaining 300 billion of Chinese imports from next month. The reactivation of a smelter belonging to Chile’s state- run Codelco the world’s top copper producer will be further delayed until the end of October this year after missing a previous target of April. Copper contract on the Shanghai Futures Exchange dipped 0.6 aluminium eased 0.2. Three-month LME copper touched its lowest since July 10 at 5876 a tonne before paring losses to 5899 a decline of 0.5.Zinc and lead dropped 0.8 each. However nickel rose 1.2 and tin was almost unchanged. Zinc can test 187 while taking resistance near 192. Lead may test 149 while taking resistance near 154. Nickel may rise towards 1040 while taking support near 990. company PT Aneka Tam bang’s nickel ore output in Jan-Jun rose 27 on year to 4.79 mln tn. Aluminum may test 135 while taking resistance near 140.

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CapitalStars Financial Research Pvt. Ltd. SEBI Registration Number: INA000001647 MCX Daily Report 05 TH AUGUST 2019 2 CS GOLD OCT OVERVIEW: TREND : BULLISH RESIST 2: 37200 RESIST 1: 37000 SUP 1: 36700 SUP 2: 36600 WWW.CAPITALSTARS.COM +919977499927 CS SILVER SEP OVERVIEW: TREND : BULLISH RESIST 2: 42700 RESIST 1: 42500 SUP 1: 42200 SUP 2: 42100 WWW.CAPITALSTARS.COM +919977499927 Base Metals CS COPPER AUG OVERVIEW: TREND : BEARISH RESIST 2: 442.00 RESIST 1: 440.00 SUP 1: 432.00 SUP 2: 430.00 WWW.CAPITALSTARS.COM +919977499927 CS NICKEL AUG OVERVIEW: TREND : BULLISH RESIST 2: 1070.00 RESIST 1: 1060.00 SUP 1: 1040.00 SUP 2: 1030.00 WWW.CAPITALSTARS.COM +919977499927 CS ZINC AUG OVERVIEW: TREND : BEARISH RESIST 2: 192.00 RESIST 1: 191.00 SUP 1: 188.00 SUP 2: 187.00 WWW.CAPITALSTARS.COM +919977499927 CS LEAD AUG OVERVIEW: TREND : SIDEWAYS 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: 142.00 RESIST 1: 141.00 SUP 1: 139.00 SUP 2: 138.00 WWW.CAPITALSTARS.COM +919977499927 Energy CS CRUDE OIL AUG OVERVIEW: TREND : BEARISH RESIST 2: 4000 RESIST 1:3950 SUP 1: 3800 SUP 2: 3750 WWW.CAPITALSTARS.COM +919977499927 CS NATURAL GAS AUG OVERVIEW: TREND : SIDEWAYS RESIST 2: 151.00 RESIST 1: 150.00 SUP 1: 146.00 SUP 2: 145.00 WWW.CAPITALSTARS.COM +919977499927 Precious Metals

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CapitalStars Financial Research Pvt. Ltd. SEBI Registration Number: INA000001647 MCX Daily Report 05 TH AUGUST 2019 3 Pick for the DAY MCX GOLD OCT on FRIDAY as seen in the Daily chart opened at 35790.00 levels and made day low of 35729.00 Levels. During this period GOLD OCT High is 36327.00 levels and finally closed at 35633.00 levels. Now there are chances of up movement technically fundamentally. DAILY RECOMMENDATION: BUY MCX GOLD OCT ABOVE 36800 LEVELS FOR TARGET OF 37000/37200 WITH SL 36600 OF LEVELS.

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CapitalStars Financial Research Pvt. Ltd. SEBI Registration Number: INA000001647 MCX Daily Report 05 TH 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 :- CONTACT US:- 9039012727/9977499927 Report Is Checked By Investment Advisor: CONTACT US