3 SEPTEMBER 2019 MCX DAILY REPORT

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MCX DAILY REPORTc

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CapitalStars Financial Research Pvt. Ltd. SEBI Registration Number: INA000001647 MCX Daily Report 03 RD SEPTEMBER 2019 1 News Highlights BULLION - Bullion counter may trade with sideways path as profit booking can be seen at higher levels. Gold prices fell on Tuesday as the dollar gained making the bullion costlier for investors holding other currencies but fears of a global economic slowdown fuelled by intensifying U.S.-China trade war kept prices near multi-year high. The dollar index was at its highest in more than two years against a basket of currencies while global stocks were hit by U.S.-China trade frictions. China has lodged a complaint against the United States at the World Trade Organization over U.S. import duties the Chinese Commerce Ministry said on Monday. Prime Minister Boris Johnson implicitly warned lawmakers on Monday that he would seek an election if they tied his hands on Brexit ruling out ever countenancing a further delay to Britain’s departure from the European Union. The Perth Mint’s silver sales soared 18.7 in August from a month earlier the refiner said on Monday while gold product sales inched higher. ENERGY- Crude oil may trade with weaker path as oil prices fell on Tuesday declining for a second day as more signs emerged of the toll from the U.S.-China trade war with South Korea revising down second-quarter growth due to lower exports. The United States this week imposed 15 tariffs on a variety of Chinese goods and China began to impose new duties on a 75 billion target list deepening the trade war that has rumbled on for more than a year. Oil output from the Organization of Petroleum Exporting Countries OPEC rose in August for the first month this year as higher supply from Iraq and Nigeria outweighed restraint by top Saudi Arabia and losses caused by U.S. sanctions on Iran. OPEC Russia and other non-members known as OPEC+ agreed in December to reduce supply by 1.2 million bpd from Jan. 1 this year. OPEC’s share of the cut is 800000 bpd to be delivered by 11 members and exempting Iran Libya and Venezuela. BASE METAL - Base metals may trade with mixed path. Philippine nickel mining companies are likely to boost ore production next year when Indonesia bans exports of the raw material used in stainless steel and batteries but may still not be able to fill up the supply gap. Indonesia will stop nickel ore exports from Jan. 1 2020 two years earlier than initially flagged as it speeds up efforts to process more of its resources at home raising questions about the Philippines ability to cover the supply gap created by the ban. The Philippines which has 29 nickel mines and two nickel processing plants usually ends its mining season in October when heavy rains and strong winds hamper mining and shipping operations.

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CapitalStars Financial Research Pvt. Ltd. SEBI Registration Number: INA000001647 MCX Daily Report 03 RD SEPTEMBER 2019 2 CS GOLD OCT OVERVIEW: TREND : BULLISH RESIST 2: 39600 RESIST 1: 39300 SUP 1: 38700 SUP 2: 38300 WWW.CAPITALSTARS.COM +919977499927 CS SILVER DEC OVERVIEW: TREND : BULLISH RESIST 2: 49500 RESIST 1: 49100 SUP 1: 48400 SUP 2: 48000 WWW.CAPITALSTARS.COM +919977499927 Base Metals CS COPPER SEP OVERVIEW: TREND : BEARISH RESIST 2: 449.00 RESIST 1: 445.00 SUP 1: 437.00 SUP 2: 433.00 WWW.CAPITALSTARS.COM +919977499927 CS NICKEL SEP OVERVIEW: TREND : BULLISH RESIST 2: 1320.00 RESIST 1: 1305.00 SUP 1: 1280.00 SUP 2: 1270.00 WWW.CAPITALSTARS.COM +919977499927 CS ZINC SEP OVERVIEW: TREND : BEARISH RESIST 2: 186.00 RESIST 1: 185.00 SUP 1: 182.00 SUP 2: 181.00 WWW.CAPITALSTARS.COM +919977499927 CS LEAD SEP 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 SEP OVERVIEW: TREND : BULLISH RESIST 2: 141.00 RESIST 1: 140.00 SUP 1: 138.00 SUP 2: 137.00 WWW.CAPITALSTARS.COM +919977499927 Energy CS CRUDE OIL SEP OVERVIEW: TREND : SIDEWAYS RESIST 2: 4040 RESIST 1:4000 SUP 1: 3930 SUP 2: 3890 WWW.CAPITALSTARS.COM +919977499927 CS NATURAL GAS SEP OVERVIEW: TREND : SIDEWAYS RESIST 2: 170.00 RESIST 1: 169.00 SUP 1: 167.00 SUP 2: 166.00 WWW.CAPITALSTARS.COM +919977499927 Precious Metals

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CapitalStars Financial Research Pvt. Ltd. SEBI Registration Number: INA000001647 MCX Daily Report 03 RD SEPTEMBER 2019 3 Pick for the DAY MCX GOLD OCT on MONDAY as seen in the Daily chart opened at 38859 levels and made day low of 38846 levels. During this period GOLD OCT high is 39119 levels and finally closed at 39087 levels. Now there are chances of up movement technically fundamentally. DAILY RECOMMENDATION: BUY MCX GOLD OCT ABOVE 39050 LEVELS FOR TARGET OF 39150/39250 WITH SL 38950 OF LEVELS.

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CapitalStars Financial Research Pvt. Ltd. SEBI Registration Number: INA000001647 MCX Daily Report 03 RD SEPTEMBER 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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