29 AUGUST 2019 MCX DAILY REPORT

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CapitalStars Financial Research Pvt. Ltd. SEBI Registration Number: INA000001647 MCX Daily Report 29 TH AUGUST 2019 1 News Highlights BULLION - Bullion counter may remain on upside path. Gold prices climbed up on Thursday as fears of an economic slowdown continued amid the protracted Sino-U.S. trade conflict and expectations of monetary stimulus keeping the save-haven metal in demand. The U.S. Treasury yield curve remains inverted which is commonly considered a sign of an impending recession. On Wednesday underscoring the gloomy global sentiment yields on 30-year U.S. Treasuries and 10-year German bunds hit record lows. The U.S. Federal Reserve and the European Central bank are expected to cut rates next month while many investors believe the Bank of Japan could also join the fray if market sentiment weakens further. The Trump administration on Wednesday made official its extra 5 tariff on 300 billion in Chinese imports and set collection dates of Sept. 1 and Dec. 15. ENERGY- Crude oil may trade with positive path as oil prices clung to gains on Thursday after official data confirmed a big drop in U.S. crude inventories helping ease concerns about weakening demand but worries about wider economic growth held prices in check. U.S. crude oil inventories fell last week by 10 million barrels compared with analysts’ expectations for a decrease of 2.1 million barrels as imports slowed the Energy Information Administration said. Distillate stockpiles which include diesel and heating oil fell by 2.1 million barrels versus expectations for a 918000-barrel increase the EIA data showed. The Organization of the Petroleum Exporting Countries OPEC Russia and other producers have been restraining supply for most of the period since Jan. 1 2017. The alliance known as OPEC+ in July renewed the pact until March 2020. Global growth has been hit by the trade war between the United States and China which shows no signs of easing. BASE METAL - Base metals may trade with sideways path as industrial metals were mixed on Thursday as demand outlook was clouded by little progress on U.S.-China trade war front. The Trump administration on Wednesday made official its extra 5 tariff on 300 billion in Chinese imports and set collection dates of Sept. 1 and Dec. 15 prompting hundreds of U.S. companies to warn of price hikes. The premiums of LME cash nickel over the three-month contract rose to a decade-high of 97 a tonne indicating a shortage of nearby supply. One party holds 50 to 80 of available LME inventories data showed. Nickel prices hit their highest in a week on Wednesday as speculators bought on fears of shortages from major producer Indonesia while at least half of London Metal Exchange inventories were under the control of one party.

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CapitalStars Financial Research Pvt. Ltd. SEBI Registration Number: INA000001647 MCX Daily Report 29 TH AUGUST 2019 2 CS GOLD OCT OVERVIEW: TREND : BULLISH RESIST 2: 40000 RESIST 1: 39600 SUP 1: 39000 SUP 2: 38700 WWW.CAPITALSTARS.COM +919977499927 CS SILVER SEP OVERVIEW: TREND : BULLISH RESIST 2: 47800 RESIST 1: 47400 SUP 1: 46600 SUP 2: 46200 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: 1160.00 RESIST 1: 1150.00 SUP 1: 1130.00 SUP 2: 1120.00 WWW.CAPITALSTARS.COM +919977499927 CS ZINC AUG OVERVIEW: TREND : BEARISH RESIST 2: 184.00 RESIST 1: 183.00 SUP 1: 180.00 SUP 2: 179.00 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 : BEARISH RESIST 2: 139.00 RESIST 1: 138.00 SUP 1: 135.00 SUP 2: 134.00 WWW.CAPITALSTARS.COM +919977499927 Energy CS CRUDE OIL SEP OVERVIEW: TREND : SIDEWAYS RESIST 2: 4080 RESIST 1:4040 SUP 1: 3960 SUP 2: 3920 WWW.CAPITALSTARS.COM +919977499927 CS NATURAL GAS SEP OVERVIEW: TREND : SIDEWAYS RESIST 2: 163.00 RESIST 1: 162.00 SUP 1: 160.00 SUP 2: 159.00 WWW.CAPITALSTARS.COM +919977499927 Precious Metals

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CapitalStars Financial Research Pvt. Ltd. SEBI Registration Number: INA000001647 MCX Daily Report 29 TH AUGUST 2019 3 Pick for the DAY MCX ALUMINIUM AUG on WEDNESDAY as seen in the Daily chart opened at 137.15 levels and made day low of 136.10 levels. During this period ALUMINIUM AUG high is 137.25 levels and finally closed at 136.25 levels. Now there are chances of down movement technically fundamentally. DAILY RECOMMENDATION: SELL MCX ALUMINIUM AUG BELOW 136 LEVELS FOR TARGET OF 135/134 WITH SL 137 OF LEVELS.

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CapitalStars Financial Research Pvt. Ltd. SEBI Registration Number: INA000001647 MCX Daily Report 29 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

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