MCX-DAILY-REPORT

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22 DECEMBER 2016

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SEBI Registration Number: INA000001647 MCX Daily News Letter CapitalStars Investment Adviser: SEBI Registration Number: INA000001647 MCX DAILY NEWS LETTER CapitalStars Financial Research Pvt. Ltd.

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SEBI Registration Number: INA000001647 MCX Daily News Letter Gold settled lower as U.S. markets awaited 20000 Dow. Highlights Oil prices rise on weaker dollar optimism on output cuts. LME Copper to See Range-Bound Trading. PRECIOUS METALS Gold prices strained mightily to settle higher but closed lower for the day as the greenback retreated from a 14-year record. Gold for February delivery ended the day down 40 cents a decrease of less than 0.1 at 1133.20 per troy ounce. The bad news follows yesterdays disappointing outcome when the precious metal endured another decline a loss of 0.8. Gold’s price remains weak as the DJIA plods along attempting to reach the coveted milestone of 20000. The market closed at a record on Tuesday and the new highs for equities are lessening the appetite for the precious metal which is viewed as a safe haven. The commodity has fallen 3.2 thus far this month hemmed in by a climbing dollar and newly raised interest rates. Gold likely gained support at 1337.50 the low from July 20 and was met with resistance at BASE METALS rate LME copper is expected to range between USD 5480-5540/mt during Asian trading hours on Thursday and SHFE 1702 copper will move at RMB 44900-45350/mt. In China’s domestic market spot copper should trade at discounts of RMB 220-120/mt on Thursday. A series of US’s economy data will be released on Thursday including annual real GDP in Q3 initial jobless claim from the week ending December 16 November’s durable goods orders November’s core PEC price index and November’s personal receipts and disbursements. Base metals fell back on Wednesday’s night trading and quickly brought the brief rebound to an end indicating big price pressures in the market. Base metals are expected to keep weak on Thursday SMM predicts. ENERGIES Oil prices nudged higher in tepid Asian trading on Thursday supported by a weaker dollar and optimism that crude producers would abide by an agreement to curb output to prop up markets.

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SEBI Registration Number: INA000001647 MCX Daily News Letter But gains were capped by an unexpected rise in U.S. crude inventories last week and as Libya said it expected to boost output over the next few months. Russian Energy Minister Alexander Novak on Wednesday said trust between oil producing countries is important if a global deal to curtail output is to succeed. "It is a safe assumption particularly in the early stages that OPEC and non-OPEC producers will abide by the agreement to curb output" Spooner said. "If you look at where the biggest production cuts are coming from its largely about the Gulf states and Russia – this gives me even more comfort there will be material compliance" he said. Get More Details Here:- a. Bullion Intraday b. Bullion Premium c. Precious Metal d. Base Metal

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SEBI Registration Number: INA000001647 MCX Daily News Letter ii.

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SEBI Registration Number: INA000001647 MCX Daily News Letter MCX CRUDE OIL January Wednes day as seen in the daily chart opened at 3 6 4 3 levels and day high of 3 6 63 levels. During this period price corrected made day low of 3 5 62 levels finally closed at 3 577 levels. Now there are chances of further down ward movement technically fundamentally . Russian Energy Minister Alexander Novak on Wednesday said trust between oil producing countries is important if a global deal to curtail output is to succeed. DAILY RECOMM ENDATION: SELL MCX CRUDE OIL JANUARY AROUND 3 60 0 LEVELS FOR TARGET OF T1 3 5 0 0 /T2 3 4 5 0 WITH SL OF 3 7 0 0 LEVELS. PICK FOR THE DAY

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SEBI Registration Number: INA000001647 MCX Daily News Letter 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 tailormade investment advice. My research recommends that investors independently evaluate particular investments and strategies and encourages investors to seek the advice of a financial adviser. Capitalstars 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. REGISTERED OFFICE CapitalStars Financial Research Private Limited Plot No.12 Scheme No. 78 Part-II Vijay Nagar INDORE – 452010 M. P. Branch - 1 +91 731 6790000 Branch - 2 +91 731 6669900 Email: - backofficecapitalstars.in

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SEBI Registration Number: INA000001647 MCX Daily News Letter