slide 1: CapitalStars Financial Research Pvt. Ltd.
SEBI Registration Number: INA000001647
MCX Daily Report 06
TH
AUGUST 2019
1
News Highlights
BULLION - Bullion counter may witness some profit booking at higher levels. Gold prices
continued to rise recently as the protracted trade war between the United States and China
intensified after Washington designated Beijing a currency manipulator prompting a flight
towards safe-haven assets. The U.S. Treasury Department said on Monday it had determined
for the first time since 1994 that China was manipulating its currency and that Washington
would engage the International Monetary Fund to eliminate unfair competition from Beijing.
The U.S. action comes after China allowed its yuan to weaken past the key 7-per-dollar level
on Monday for the first time in more than a decade following Trumps decision to impose
10 tariffs on 300 billion of Chinese imports ending a month-long trade truce. Gold priced in
sterling soared to a record high on Monday spurred by fear of a disorderly British exit from
the European Union amidst trade tensions.
ENERGY- Crude oil may trade on firm path as oil prices edged up on Tuesday but remained
under pressure as the escalating U.S.-China trade war stoked concerns over global economic
growth and future demand for crude. The international benchmark fell more than 3 on
Monday as traders worried the ongoing trade tensions between the world’s two biggest oil
buyers would dent appetite for fuel. A yearlong U.S.-China trade war boiled over as
Washington accused Beijing of manipulating its currency after China let the yuan drop to its
lowest point in more than a decade. Iran’s seizure of the Iraqi oil tanker had raised some
concerns about potential Middle East supply disruptions in the Gulf. Concerns that the trade
conflict has entered a phase of retaliatory action were weighing down on the sentiments in
the oil market which at the moment is taking lesser notice of the Middle East tensions. U.S.
natural gas futures fell to a fresh 38-month low on Monday after production rose to record
highs over the weekend and the amount of gas flowing to the nations liquefied natural gas
LNG export terminals dropped.
BASE METAL - Base metals may trade on sideways to weaker path. London copper fell for the
sixth straight session on Tuesday hovering around a two-year low as a year-long U.S.-China
trade war escalated and the Chinese offshore yuan fell to an all-time low. Proposed U.S. tariffs
against the European Union over aircraft subsidies could concentrate market control over
some supplies of copper alloy in the hands of a German-owned firm and hurt American
businesses U.S. industry players said. BHP Group is expanding its nickel business and plans to
ramp up sales for the fast-growing electric vehicle sector. Russian aluminium producer Rusal
suspended operations at its Achinsk alumina plant on Monday and evacuated all but essential
staff after a fire broke out a nearby Russian military base Rusal said.
slide 2: CapitalStars Financial Research Pvt. Ltd.
SEBI Registration Number: INA000001647
MCX Daily Report 06
TH
AUGUST 2019
2
CS GOLD OCT OVERVIEW:
TREND : BULLISH
RESIST 2: 37500
RESIST 1: 37300
SUP 1: 36700
SUP 2: 36200
WWW.CAPITALSTARS.COM +919977499927
CS SILVER SEP OVERVIEW:
TREND : BULLISH
RESIST 2: 42800
RESIST 1: 42400
SUP 1: 41800
SUP 2: 41400
WWW.CAPITALSTARS.COM +919977499927
Base Metals
CS COPPER AUG OVERVIEW:
TREND : SIDEWAYS
RESIST 2: 445.00
RESIST 1: 441.00
SUP 1: 433.00
SUP 2: 430.00
WWW.CAPITALSTARS.COM +919977499927
CS NICKEL AUG OVERVIEW:
TREND : BULLISH
RESIST 2: 1080.00
RESIST 1: 1070.00
SUP 1: 1050.00
SUP 2: 1040.00
WWW.CAPITALSTARS.COM +919977499927
CS ZINC AUG OVERVIEW:
TREND : BEARISH
RESIST 2: 191.00
RESIST 1: 190.00
SUP 1: 188.00
SUP 2: 186.00
WWW.CAPITALSTARS.COM +919977499927
CS LEAD AUG OVERVIEW:
TREND : SIDEWAYS
RESIST 2: 156.00
RESIST 1: 155.00
SUP 1: 153.00
SUP 2: 152.00
WWW.CAPITALSTARS.COM +919977499927
CS ALUMINIUM AUG OVERVIEW:
TREND : SIDEWAYS
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 : SIDEWAYS
RESIST 2: 3960
RESIST 1:3930
SUP 1: 3870
SUP 2: 3820
WWW.CAPITALSTARS.COM +919977499927
CS NATURAL GAS JUL OVERVIEW:
TREND : SIDEWAYS
RESIST 2: 152.00
RESIST 1: 150.00
SUP 1: 147.00
SUP 2: 146.00
WWW.CAPITALSTARS.COM +919977499927
Precious Metals
slide 3: CapitalStars Financial Research Pvt. Ltd.
SEBI Registration Number: INA000001647
MCX Daily Report 06
TH
AUGUST 2019
3
Pick for the DAY
MCX NICKEL AUG on MONDAY as seen in the Daily chart opened at 1033.00 levels and made
day low of 1033.00 Levels. During this period NICKEL AUG High is 1068.70 levels and finally
closed at 1064.80 levels. Now there are chances of up movement technically
fundamentally.
DAILY RECOMMENDATION: BUY MCX NICKEL AUG ABOVE 1060 LEVELS FOR TARGET
OF 1075/1090 WITH SL 1040 OF LEVELS.
slide 4: CapitalStars Financial Research Pvt. Ltd.
SEBI Registration Number: INA000001647
MCX Daily Report 06
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 :- backofficecapitalstars.com
CONTACT US:- 9039012727/9977499927
Report Is Checked By Investment Advisor:
CONTACT US