MCX_DAILY_REPORT

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CapitalStars Investment Adviser: SEBI Registration Number: INA000001647 02 JANUARY 2017 MCX DAILY NEWS LETTER Capital Stars Financial Research Pvt. Ltd.

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Highlights NYMEX crude gains in holiday-thinned Asian trade. Gold prices decline on Friday. PRECIOUS METALS The price of gold declined on intraday trading on Friday but is still on track to finish the year with a 6 increase. Gold was trading at 1155.80 per ounce down 2.90 or 0.21. Silver was down too at 16.04 per ounce a decline of 0.17 cents or 1.10. Other commodity prices including platinum palladium and copper were rising on intraday trading. A major dip in the U.S. dollar index late this week is encouraging buying in the gold and silver. Prices of gold and silver charts remain bearish however. A rhetorical conflict between the U.S. and Russia was impacting the dollar which also slammed precious metals. Russias foreign secretary called the U.S. "foreign policy losers" for issuing sanctions over alleged unproven hacking allegations against Moscow and over-the-top claims that social engineering or hacking of John Podestas G-Mail account led to the overwhelming electoral college defeat of Hillary Clinton in the presidential election this fall. Gold likely gained support at 1337.50 the low from July 20 and was met with resistance at rate BASE METALS Copper March delivery has added 0.5 percent at 2.498.As 2017 New Year holiday falls on Dec. 31 to Jan. 2 there will be no update on SMMs website during the holiday period. Nickel ore inventories at seven major Chinese ports kept dropping in the week ending Dec. 30 Shanghai Metals Market reported. Nickel ore inventories at seven major Chinese ports were down 240000 tones’ on a weekly basis according to SMM data. Over this past week the Port of Lanshan and Lianyungang saw arrivals of 100000 wmt and 120000 wmt of goods respectively. SMM survey finds. ENERGIES U.S. crude oil prices drifted higher in Asia on Monday with most financial markets in the region closed to mark the New Year holiday. Crude for February delivery on the New York Mercantile Exchange rose 0.24 to 53.90 a barrel. Global benchmark Brent crude traded on Londons Intercontinental Exchange was last quoted at 56.74 a barrel. Investors await news of the adherence to combined production cuts by OPEC and non-OPEC nations near 1.8 million barrels per day that started at the New Year. A meeting in Kuwait later this month will assess progress. Oil prices settled slightly lower on Friday the years last trading day but attained their biggest annual gain since 2009 after OPEC and partners agreed to cut output to reduce a supply overhang that has depressed prices for two years. A two-rig rise in the oil rig count in the United States the ninth weekly increase in a row as reported by oilfield services provider Baker Hughes Inc added to bearish sentiments. SEBI Registration Number: INA000001647 MCX Daily News Letter

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PRECIOUS LEVELS CS GOLD FEBRUARY OVERVIEW: CS SILVER MARCH OVERVIEW: TREND : BULLISH TREND : BULLISH RESIST 2: 27750 RESIST 2: 40000 RESIST 1: 27650 RESIST 1: 39700 SUP 1: 27350 SUP1: 38700 SUP 2: 27180 SUP2: 38400 WWW.CAPITALSTARS.COM +917316790000 WWW.CAPITALSTARS.COM +917316790000 BASEMETAL LEVELS CS COPPER FEBRUARY OVERVIEW: CS NICKEL JANUARY OVERVIEW: TREND : SIDEWAYS TREND : BEARISH RESIST 2:385 RESIST 2: 710 RESIST 1:382 RESIST 1: 700 SUP1:375 SUP1: 680 SUP2:372 SUP2: 670 WWW.CAPITALSTARS.COM +917316790000 WWW.CAPITALSTARS.COM +917316790000 CS ZINC JANUARY OVERVIEW: CS LEAD JANUARY OVERVIEW: TREND : SIDEWAYS TREND : BULLISH RESIST 2:178.00 RESIST 2: 140.00 RESIST 1:177.00 RESIST 1: 139.00 SUP1:172.00 SUP1: 135.00 SUP2:170.00 SUP2: 133.00 WWW.CAPITALSTARS.COM +917316790000 WWW.CAPITALSTARS.COM +917316790000 CS ALUMINIUM JANUARY OVERVIEW: TREND : BEARISH RESIST 2: 117.50 RESIST 1: 116.50 SUP1: 114.00 SUP2: 113.00 WWW.CAPITALSTARS.COM +917316790000 ENERGY LEVELS CS CRUDE OIL JANUARY OVERVIEW: CS NATURAL GAS JANUARY OVERVIEW: TREND : SIDEWAYS TREND : BEARISH RESIST 2:3760 RESIST 2:258.00 RESIST 1:3720 RESIST 1:256.00 SUP1:3600 SUP1:249.00 SUP2:3550 SUP2:247.00 WWW.CAPITALSTARS.COM +917316790000 WWW.CAPITALSTARS.COM +917316790000 SEBI Registration Number: INA000001647 MCX Daily News Letter

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PICK FOR THE DAY MCX CRUDE OIL January Friday as seen in the daily chart opened at 3674 levels and day high of 3681 levels. During this period price corrected made day low of 3638 levels finally closed at 3650 levels. Now there are chances of further upward movement technically fundamentally. Investors await news of the adherence to combined production cuts by OPEC and non-OPEC nations near 1.8 million barrels per day that started at the New Year. A meeting in Kuwait later this month will assess progress. DAILY RECOMMENDATION: BUY MCX CRUDE OIL JANUARY AROUND 3650 LEVELS FOR TARGET OF T1 3750/T2 3800 WITH SL OF 3550 LEVELS. SEBI Registration Number: INA000001647 MCX Daily News Letter

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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. Capital stars Financial Research Private Ltd. Reserves all Rights. REGISTERED OFFICE Capital Stars 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 SEBI Registration Number: INA000001647 MCX Daily News Letter