Capitalstars MCX DAILY REPORT 13 AUGUST 2019


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CapitalStars Financial Research Pvt. Ltd. SEBI Registration Number: INA000001647 MCX Daily Report 13 TH AUGUST 2019 1 News Highlights BULLION - Bullion counter may remain on firm path as gold prices gained on Tuesday hovering near a more than six-year high hit the previous day as concerns around protests in Hong Kong a slump in Argentinas markets and the ongoing Sino-U.S. trade war dented risk appetite. Protesters managed to shut down Hong Kongs airport the worlds busiest cargo airport on Monday. Fears of a possible return to interventionist policies gripped the Argentine market after market-friendly President Mauricio Macri lost by a much wider-than-expected margin in presidential primaries.. Investors are focused on the Federal Reserves annual symposium next week. Traders see a 74 chance of a 25 basis-point rate cut by the Fed this September. ENERGY- Crude oil may trade with negative path as oil prices slipped on Tuesday offsetting narrow gains in the previous session as sluggish demand forecasts countered expectations that major producers would prop up oil prices by limiting crude oil output. U.S. oil output from seven major shale formations is expected to rise by 85000 barrels per day bpd in September to a record 8.77 million bpd the U.S. Energy Information Administration forecast in its monthly drilling productivity report on Monday. Saudi Arabia the de-facto leader of the Organization of the Petroleum Exporting Countries OPEC said late last week it plans to keep its crude oil exports below 7 million barrels per day in August and September to help drain global oil inventories. Saudi Aramco was ready for its IPO but the timing for the deal will be decided by its sole shareholder the Saudi government a senior executive said on Monday. U.S. natural gas futures eased on Monday as the market focused more on an increase in production to record levels as opposed to forecasts for more demand over the next two weeks than previously expected. BASE METAL - Base metals may trade on sideways to weaker path. Chinas banks extended surprisingly fewer new yuan loans in July while growth of money supply and total social financing also slowed raising pressure on the central bank to ease policy further to support the slowing economy. Lead prices touched a two-week high on Monday after Belgium-listed Nyrstar said it had stopped production at its Port Pirie smelter in Australia raising fears of shortages of the metal mainly used in car batteries. The stoppage is the second this year at the lead smelter and follows an outage in June and July when 30000 tonnes of metal were lost in the 12 million tonne market. Shanghai aluminum rose to its highest in more than two months on Tuesday as a typhoon in China affected the worlds top aluminum producer raising concerns about supply disruptions. Facilities belonging to China Hongqiao Group 1378.HK were damaged by flooding after Typhoon Lekima wreaked havoc in the smelting heartland of Shandong according to a statement from an affiliate firm. Indonesia aims to speed up enforcement of a ban on mineral ore exports that is currently due to come into force in 2020 news website quoted coordinating minister for maritime affairs Luhut Pandjaitan as saying on Monday.

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CapitalStars Financial Research Pvt. Ltd. SEBI Registration Number: INA000001647 MCX Daily Report 13 TH AUGUST 2019 2 CS GOLD OCT OVERVIEW: TREND : BULLISH RESIST 2: 38900 RESIST 1: 38600 SUP 1: 38100 SUP 2: 37800 WWW.CAPITALSTARS.COM +919977499927 CS SILVER SEP OVERVIEW: TREND : BULLISH RESIST 2: 44800 RESIST 1: 44400 SUP 1: 43700 SUP 2: 43400 WWW.CAPITALSTARS.COM +919977499927 Base Metals CS COPPER AUG OVERVIEW: TREND : SIDEWAYS RESIST 2: 452.00 RESIST 1: 448.00 SUP 1: 440.00 SUP 2: 436.00 WWW.CAPITALSTARS.COM +919977499927 CS NICKEL AUG OVERVIEW: TREND : BULLISH RESIST 2: 1140.00 RESIST 1: 1130.00 SUP 1: 1110.00 SUP 2: 1100.00 WWW.CAPITALSTARS.COM +919977499927 CS ZINC AUG OVERVIEW: TREND : BEARISH RESIST 2: 187.00 RESIST 1: 186.00 SUP 1: 184.00 SUP 2: 183.00 WWW.CAPITALSTARS.COM +919977499927 CS LEAD AUG OVERVIEW: TREND : SIDEWAYS RESIST 2: 156.00 RESIST 1: 155.00 SUP 1: 153.00 SUP 2: 151.00 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: 3980 RESIST 1:3940 SUP 1: 3860 SUP 2: 3810 WWW.CAPITALSTARS.COM +919977499927 CS NATURAL GAS AUG OVERVIEW: TREND : SIDEWAYS RESIST 2: 153.00 RESIST 1: 152.00 SUP 1: 150.00 SUP 2: 148.00 WWW.CAPITALSTARS.COM +919977499927 Precious Metals

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CapitalStars Financial Research Pvt. Ltd. SEBI Registration Number: INA000001647 MCX Daily Report 13 TH AUGUST 2019 3 Pick for the DAY MCX NICKEL AUG on MONDAY as seen in the Daily chart opened at 1108.10 levels and made day low of 1106.10 levels. During this period NICKEL AUG High is 1128.30 levels and finally closed at 1121.70 levels. Now there are chances of up movement technically fundamentally. DAILY RECOMMENDATION: BUY MCX NICKEL AUG ABOVE 1125 LEVELS FOR TARGET OF 1140/1155 WITH SL 1110 OF LEVELS.

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CapitalStars Financial Research Pvt. Ltd. SEBI Registration Number: INA000001647 MCX Daily Report 13 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