MCX_DAILY_REPORT

Views:
 
Category: Entertainment
     
 

Presentation Description

No description available.

Comments

Presentation Transcript

slide 1:

CapitalStars Investment Adviser: SEBI Registration Number: INA000001647 03 JANUARY 2017 MCX DAILY NEWS LETTER Capital Stars Financial Research Pvt. Ltd.

slide 2:

Copper jumps in Asia after Caixin data. Highlights Gold up solidly on geopolitics. Oil prices rise as markets eye OPEC non-OPEC production cuts. PRECIOUS METALS Gold prices gained solidly on Tuesday and copper jumped as a private manufacturing survey out of China aided sentiment and geopolitical tension was stoked over a tweet by President-elect Donald Trump warning North Korea on testing an intercontinental ballistic missile. Gold for February delivery rose 0.49 to 1.157.35 a troy ounce on the Comex division of the New York Mercantile Exchange. Elsewhere in precious metals trading silver gained 0.68 to 16.098 a troy ounce. "North Korea just stated that it is in the final stages of developing a nuclear weapon capable of reaching parts of the U.S. It wont happen" Trump then chided China on trade and its diplomatic support to North Korea. "China has been taking out massive amounts of money wealth from the U.S. in totally one-sided trade but wont help with North Korea. Nice" Gold likely gained support at 1337.50 the low from July 20 and was met with resistance at rate BASE METALS LME copper will range between USD 5490-5560/mt on Tuesday the first trading day in the new year waiting for guide from market. China’s Caixin manufacturing PMI in December will be released which will be positive according to official manufacturing PMI introduced during 2017 New Year Holiday. The positive data will support market sentiment. SHFE 1703 copper will move at RMB 45200-45800/mt on Tuesday. In China’s domestic market traders’ selling interest reduced pushing premiums up while downstream buyers watch from sidelines. Spot copper should trade at discounts of RMB 230-130/mt on Tuesday. China’s Caixin manufacturing PMI and manufacturing PMIs from other countries in December will be introduced on Tuesday and Wednesday which will be stable as a whole making small effect on market. ENERGIES Oil prices rose in the first trading hours of 2017 buoyed by hopes that a deal between OPEC and non-OPEC members to cut production which kicked in on Sunday will be effective in draining the global supply glut. Jan. 1 marked the official start of the deal agreed by the Organization of Petroleum Exporting Countries OPEC and non-OPEC member countries such as Russia in November last year to reduce output by almost 1.8 million barrels per day. Market watchers said January will serve as an indicator for whether the agreement will stick. "Markets will be looking for anecdotal evidence for production cuts" said Ric Spooner chief market analyst at Sydneys CMC Markets. "The most likely scenario is OPEC and non-OPEC member countries will be committed to the deal especially in early stages." SEBI Registration Number: INA000001647 MCX Daily News Letter

slide 3:

PRECIOUS LEVELS CS GOLD FEBRUARY OVERVIEW: CS SILVER MARCH OVERVIEW: TREND : BULLISH TREND : BULLISH RESIST 2: 27850 RESIST 2: 40000 RESIST 1: 27700 RESIST 1: 39800 SUP 1: 27400 SUP1: 39200 SUP 2: 27300 SUP2: 38800 WWW.CAPITALSTARS.COM +917316790000 WWW.CAPITALSTARS.COM +917316790000 BASEMETAL LEVELS CS COPPER FEBRUARY OVERVIEW: CS NICKEL JANUARY OVERVIEW: TREND : BULLISH TREND : BULLISH RESIST 2:387 RESIST 2: 710 RESIST 1:385 RESIST 1: 705 SUP1:378 SUP1: 690 SUP2:375 SUP2: 685 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 2:252.00 RESIST 1:3720 RESIST 1:250.00 SUP1:3600 SUP1:234.00 SUP2:3550 SUP2:230.00 WWW.CAPITALSTARS.COM +917316790000 WWW.CAPITALSTARS.COM +917316790000 SEBI Registration Number: INA000001647 MCX Daily News Letter

slide 4:

PICK FOR THE DAY MCX CRUDE OIL January Monday as seen in the daily chart opened at 3666 levels and day high of 3698 levels. During this period price corrected made day low of 3663 levels finally closed at 3685 levels. Now there are chances of further upward movement technically fundamentally. "Markets will be looking for anecdotal evidence for production cuts" said Ric Spooner chief market analyst at Sydneys CMC Markets. "The most likely scenario is OPEC and non-OPEC member countries will be committed to the deal especially in early stages." 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

slide 5:

GET MORE DETAILS HERE:-  Commodity trading tips  Mcx live tips  Precious Metal  Base Metal  Energy Pack  Crude Intraday Tips  Turmeric Tips  Agri Commodity Prices

slide 6:

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

authorStream Live Help