Capitalstars MCX DAILY REPORT 07 AUGUST 2019


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CapitalStars Financial Research Pvt. Ltd. SEBI Registration Number: INA000001647 MCX Daily Report 07 TH AUGUST 2019 1 News Highlights BULLION - Bullion counter may remain on firm path as gold prices edged up on Wednesday as the ongoing trade tensions between the United States and China continued to boost the appeal of safe-haven assets. Goldman Sachs said it no longer expects a trade deal to be struck before the 2020 U.S. presidential election while Morgan Stanley warned that more tit-for-tat tariffs could tip the world economy into recession by the middle of next year. A Federal Reserve official on Tuesday said it was appropriate to “wait and see” how upcoming data “roll in” before deciding whether rates should be cut again at the Fed’s next meeting in September. SPDR Gold Trust the world’s largest gold-backed exchange-traded fund said its holdings rose 0.21 to 836.92 tonnes on Tuesday from 835.16 tonnes on Monday. Kudlow director of the White House National Economic Council said on Tuesday the Trump administration wants to continue trade talks with China and is still planning to host a Chinese delegation for talks in September. ENERGY- Crude oil may trade sideways to weaker path .Oil prices steadied on Wednesday after falling at the start of the session with the potential for damage to the global economy and fuel demand from the intensifying Sino-U.S. trade dispute continuing to cast a shadow over the market. Brent prices have plunged more than 9 in the past week after U.S. President Donald Trump said he would slap a 10 tariff on a further 300 billion in Chinese imports starting on Sept. 1 sending global equity markets into a tailspin. Meanwhile Saudi Arabia Energy Minister Khalid Al-Falih and U.S. Energy Secretary Rick Perry on Tuesday said both sides expressed concern over threats targeting freedom of maritime traffic in the Arabian Gulf as they met in Washington. Tensions in the Middle East have heightened in the wake of attacks on tankers and U.S. drones raising concerns over passing through the Straight of Hormuz a key shipping artery of global oil trade. U.S. crude inventories fell by 3.4 million barrels in the week ended Aug.2 to 439.6 million barrels compared with analyst expectations for a decrease of 2.8 million barrels. U.S. natural gas futures edged up on Tuesday bouncing off a 38-month low in the prior session on early signs that production will decline liquefied natural gas exports will rise and power demand in Texas will reach an all-time high this week. BASE METAL - Base metals may trade on sideways to weaker path. London copper rebounded from a two-year low level hit earlier this week after a media report said that a senior U.S. official said the Donald Trump administration was still planning for talks with China. Steps taken by Chinese authorities to contain a sliding yuan also helped calm fears of a full-blown Sino-U.S. trade and currency war. China’s exports probably fell for a second successive month while imports likely contracted more sharply in July hurt by tit-for-tat tariffs in a rapidly escalating trade war with the United States. “Both primary and secondary lead is in deficit and smelters’ enthusiasm for production is not good so supply may be reduced” said a lead smelter.

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CapitalStars Financial Research Pvt. Ltd. SEBI Registration Number: INA000001647 MCX Daily Report 07 TH AUGUST 2019 2 CS GOLD OCT OVERVIEW: TREND : BULLISH RESIST 2: 38300 RESIST 1: 38000 SUP 1: 37400 SUP 2: 37100 WWW.CAPITALSTARS.COM +919977499927 CS SILVER SEP OVERVIEW: TREND : BULLISH RESIST 2: 43800 RESIST 1: 43400 SUP 1: 42700 SUP 2: 42300 WWW.CAPITALSTARS.COM +919977499927 Base Metals CS COPPER AUG OVERVIEW: TREND : BEARISH 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 : BEARISH 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: 189.00 RESIST 1: 188.00 SUP 1: 186.00 SUP 2: 185.00 WWW.CAPITALSTARS.COM +919977499927 CS LEAD AUG OVERVIEW: TREND : BEARISH 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 : 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: 3870 RESIST 1:3830 SUP 1: 3760 SUP 2: 3720 WWW.CAPITALSTARS.COM +919977499927 CS NATURAL GAS JUL OVERVIEW: TREND : BEARISH RESIST 2: 151.00 RESIST 1: 150.00 SUP 1: 148.00 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 07 TH AUGUST 2019 3 Pick for the DAY MCX NATURAL GAS AUG on TUESDAY as seen in the Daily chart opened at 150.20 levels and made day low of 149.20 Levels. During this period NATURAL GAS AUG High is 150.20 levels and finally closed at 149.20 levels. Now there are chances of down movement technically fundamentally. DAILY RECOMMENDATION: SELL MCX NATURAL GAS AUG BELOW 149.20 LEVELS FOR TARGET OF 147.20/145.20 WITH SL 151.50 OF LEVELS.

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CapitalStars Financial Research Pvt. Ltd. SEBI Registration Number: INA000001647 MCX Daily Report 07 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