30 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 30 TH AUGUST 2019 1 News Highlights BULLION - Bullion counter may trade with sideways path as profit booking can be seen at higher levels. Gold prices dipped on Friday as the United States and China indicated they may resume talks to resolve their protracted trade conflict putting the metal on track for a small weekly loss despite a strong month. Chinas commerce ministry said on Thursday Beijing and Washington were discussing the next round of face-to-face talks scheduled for September but added it was important for Washington to cancel a tariff increase. U.S. President Donald Trump also said some discussions were taking place on Thursday ahead of a looming deadline for additional U.S. tariffs on Sept. 1. 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. Christine Lagarde the European Central Banks next president said on Thursday the bank still has room to cut interest rates if needed although this may pose financial stability risk. Investors are also focused on a string of economic releases due over the weekend including Chinas official manufacturing survey which would provide a good gauge of the real impact from the Sino-U.S. trade war. ENERGY- Crude oil may trade with positive path. Oil prices eased on Friday after three days of gains with concerns about the state of the global economy amid the U.S.-China trade war keeping prices in check. Worries about a slowdown in economic growth due to the U.S.-China trade war and the flow-on to oil demand have kept a lid on price gains even as falling inventories indicate a balancing market. China’s commerce ministry said on Thursday the world’s two biggest economies were discussing the next round of face-to-face trade talks scheduled for September but hopes for progress hinged on whether Washington could create favourable conditions. The approach of Hurricane Dorian toward Florida raised fears that offshore U.S. crude producers may slow output if the storm passes into the Gulf of Mexico over the weekend. Government data on Wednesday showed U.S. crude stocks dropped last week by 10 million barrels to their lowest since October as imports slowed. U.S. natural gas futures rose on Thursday to hit a one-month peak after a government report showed a weekly U.S. storage build broadly in line with estimates and on expectations for increased cooling demand due to warmer-than-normal weather. BASE METAL - Base metals may trade with mixed path. China’s Jiangxi Copper Co produced 749300 tonnes of refined copper cathode in January-June up 3.5 from a year earlier and 102000 tonnes of copper concentrate during the period up 0.2 year-on-year. Shanghai nickel prices hit a record high on Friday as a waste spill at a nickel plant in Papua New Guinea sparked fear of some supply shortage. The premium for cash nickel over the three-month contract on the London Metal Exchange LME has spiked to a 10-year high of 99 a tonne signaling tight nearby supply. One party holds 50 to 80 of available LME inventories.

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CapitalStars Financial Research Pvt. Ltd. SEBI Registration Number: INA000001647 MCX Daily Report 30 TH AUGUST 2019 2 CS GOLD OCT OVERVIEW: TREND : BULLISH RESIST 2: 39700 RESIST 1: 39300 SUP 1: 38600 SUP 2: 38300 WWW.CAPITALSTARS.COM +919977499927 CS SILVER SEP OVERVIEW: TREND : BULLISH RESIST 2: 47600 RESIST 1: 47200 SUP 1: 46500 SUP 2: 46100 WWW.CAPITALSTARS.COM +919977499927 Base Metals CS COPPER AUG OVERVIEW: TREND : BEARISH RESIST 2: 448.00 RESIST 1: 444.00 SUP 1: 436.00 SUP 2: 432.00 WWW.CAPITALSTARS.COM +919977499927 CS NICKEL AUG OVERVIEW: TREND : SIDEWAYS RESIST 2: 1180.00 RESIST 1: 1170.00 SUP 1: 1150.00 SUP 2: 1140.00 WWW.CAPITALSTARS.COM +919977499927 CS ZINC AUG OVERVIEW: TREND : BEARISH RESIST 2: 183.00 RESIST 1: 182.00 SUP 1: 179.00 SUP 2: 178.00 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 : BEARISH RESIST 2: 138.00 RESIST 1: 137.00 SUP 1: 135.00 SUP 2: 134.00 WWW.CAPITALSTARS.COM +919977499927 Energy CS CRUDE OIL SEP OVERVIEW: TREND : SIDEWAYS RESIST 2: 4100 RESIST 1:4070 SUP 1: 4000 SUP 2: 3950 WWW.CAPITALSTARS.COM +919977499927 CS NATURAL GAS SEP OVERVIEW: TREND : SIDEWAYS RESIST 2: 166.00 RESIST 1: 165.00 SUP 1: 163.00 SUP 2: 162.00 WWW.CAPITALSTARS.COM +919977499927 Precious Metals

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CapitalStars Financial Research Pvt. Ltd. SEBI Registration Number: INA000001647 MCX Daily Report 30 TH AUGUST 2019 3 Pick for the DAY MCX SILVER SEP on WEDNESDAY as seen in the Daily chart opened at 46455 levels and made day low of 45901 levels. During this period SILVER SEP high is 47440 levels and finally closed at 46312 levels. Now there are chances of up movement technically fundamentally. DAILY RECOMMENDATION: BUY MCX SILVER SEP ABOVE 46820 LEVELS FOR TARGET OF 47020/47220 WITH SL 46600 OF LEVELS.

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CapitalStars Financial Research Pvt. Ltd. SEBI Registration Number: INA000001647 MCX Daily Report 30 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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