22 AUGUST 2019 MCX DAILY REPORT

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MCX DAILY REPORT

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CapitalStars Financial Research Pvt. Ltd. SEBI Registration Number: INA000001647 MCX Daily Report 22 ND AUGUST 2019 1 News Highlights BULLION - Bullion counter may remain on sideways to positive path. Gold prices were steady holding above the key 1500 an ounce level as investors awaited a U.S. central bankers’ conclave for clues on future interest rate cuts. Minutes of the Federal Reserve’s July meeting showed policymakers were divided over whether to cut interest rates but were united in wanting to signal they were not on a path to more easing. Focus has now shifted to the central bank’s Jackson Hole seminar later this week where Fed Chairman Jerome Powell will give a speech on Friday. SPDR Gold Trust the world’s largest gold-backed exchange traded fund said its holdings rose 0.21 to 845.17 tonnes on Tuesday. ENERGY- Crude oil may trade with sideways to positive path. Prices for Brent oil rose above 60 a barrel for the first time in over a week on Wednesday amid data that showed a larger- than-expected drawdown in U.S. crude inventories but ongoing worries about a global economic recession capped gains. Oil prices rose on following a drawdown in U.S. crude inventories but gains in fuel inventories and persistent concerns over the global economy and future demand outlook capped gains. Crude inventories fell by 2.7 million barrels in the week to Aug. 16 compared with expectations for a drop of 1.9 million barrels. However gasoline stocks rose by 312000 barrels and distillate supplies grew by 2.6 million barrels. Tensions in the Middle East remained in focus as U.S. Secretary of State Mike Pompeo said on Tuesday that the country would take every action it can to prevent an Iranian tanker sailing in the Mediterranean from delivering oil to Syria in contravention of U.S. sanctions. U.S. natural gas production increased by 12 in 2018 to 28.5 Bcfd 0.81 X 109 m3/d reaching a new record high for the second consecutive year according to the U.S. Energy Information Administration EIA a surge in production to all-time highs and forecasts for moderating weather limited gains. BASE METAL - Base metals may trade on mixed path. Most industrial metals on the LME dipped after the U.S. Federal Reserve signalled that it was not on a preset path to more monetary policy easing. Three-month copper on the London Metal Exchange fell 0.2 to 5719.50 a tonne Chile’s Codelco the world’s top copper producer said it had shut down its Ventanas smelter along Chile’s central coast for maintenance until Sept. 3 but the shutdown would not impact production. Xinfa Group one of Chinas top aluminium producers has shut down an aluminium production line after an explosion at a plant in the northwestern Chinese region of Xinjiang according to a company source.

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CapitalStars Financial Research Pvt. Ltd. SEBI Registration Number: INA000001647 MCX Daily Report 22 ND AUGUST 2019 2 CS GOLD OCT OVERVIEW: TREND : SIDEWAYS RESIST 2: 38500 RESIST 1: 38200 SUP 1: 37600 SUP 2: 37300 WWW.CAPITALSTARS.COM +919977499927 CS SILVER SEP OVERVIEW: TREND : SIDEWAYS RESIST 2: 44400 RESIST 1: 44000 SUP 1: 43300 SUP 2: 43000 WWW.CAPITALSTARS.COM +919977499927 Base Metals CS COPPER AUG OVERVIEW: TREND : BEARISH 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 : SIDEWAYS RESIST 2: 1130.00 RESIST 1: 1120.00 SUP 1: 1100.00 SUP 2: 1090.00 WWW.CAPITALSTARS.COM +919977499927 CS ZINC AUG OVERVIEW: TREND : BEARISH RESIST 2: 188.00 RESIST 1: 187.00 SUP 1: 184.00 SUP 2: 183.00 WWW.CAPITALSTARS.COM +919977499927 CS LEAD AUG OVERVIEW: TREND : SIDEWAYS RESIST 2: 157.00 RESIST 1: 156.00 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: 138.00 SUP 2: 137.00 WWW.CAPITALSTARS.COM +919977499927 Energy CS CRUDE OIL SEP OVERVIEW: TREND : SIDEWAYS RESIST 2: 4080 RESIST 1:4040 SUP 1: 3950 SUP 2: 3910 WWW.CAPITALSTARS.COM +919977499927 CS NATURAL GAS AUG OVERVIEW: TREND : BEARISH RESIST 2: 158.00 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 22 ND AUGUST 2019 3 Pick for the DAY MCX COPPER AUG on WEDNESDAY as seen in the Daily chart opened at 447.85 levels and made day low of 445.25 levels. During this period COPPER AUG High is 447.85 levels and finally closed at 445.90 levels. Now there are chances of down movement technically fundamentally. DAILY RECOMMENDATION: SELL MCX COPPER AUG BELOW 444.50 LEVELS FOR TARGET OF 442.50/440.50 WITH SL 446.50 OF LEVELS.

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CapitalStars Financial Research Pvt. Ltd. SEBI Registration Number: INA000001647 MCX Daily Report 22 ND 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

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