MCX_DAILY_REPORT

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CapitalStars Investment Adviser: SEBI Registration Number: INA000001647 05 JANUARY 2017 MCX DAILY NEWS LETTER Capital Stars Financial Research Pvt. Ltd.

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Gold prices gain in Asia as Fed minutes seen too reliant on Trump plans. Highlights Oil dips on doubts over touted production cuts. LME Copper to See Range-Bound Trading. PRECIOUS METALS Gold prices gained in Asia on Thursday as investors read the Fed minutes to suggest that a potential three rate hike forecast for this year was too dependent on President-elect Donald Trump pushing through aggressive tax cuts and spending plans. Gold for February delivery on the Comex division of the New York Mercantile Exchange rose 0.57 to 1171.95 a troy ounce. Also on the Comex silver futures for March delivery added 0.21 to 16.587 a troy ounce. The Caixin services PMI for China rose to 53.4 a tick above 53.3 expected and that followed solid manufacturing figures from China as well as Japan regionally this week. "Improved rates of new order growth were also seen across both monitored sectors in December. The pace of new business expansion accelerated to its strongest since July 2014 at manufacturing companies amid reports of improving client demand. At the same time growth in new work at services companies quickened to a 17-month record. Gold likely gained support at 1337.50 the low from July 20 and was met with resistance at rate BASE METALS LME copper is expected to move at USD 5550-5650/mt during Asian trading hours on Thursday and SHFE 1703 copper will move at RMB 45500-46100/mt. In China’s domestic market spot copper should trade at discounts of RMB 140-60/mt on Thursday. A series of US’s economic data will be released on Thursday including API and EIA crude oil inventory ADP employment in December initial jobless claims from the week ending December. 30 and Federal Reserve’s meeting minutes in December. Prices increased across the board on stock oil and base metal markets on Wednesday’s night trading further indicating a support at lows. However attention should be on a possibility of profit-taking at highs on Thursday with resistance at highs and base metals are expected to perform mixed. ENERGIES Oil prices dipped on Thursday on doubts producers would fully deliver on promises to cut output although record U.S. automobile sales and falling crude stocks offered markets some support. Traders said the decline came on the back of worries that plans by the Organization of the Petroleum Exporting Countries OPEC and other leading producers to cut crude supply would be fully implemented. "There remains a question mark over whether OPEC with a long history of non-compliance will actually follow through with the cuts. Very few respondents expect full compliance" Singapore Exchange SGX said on Thursday citing results from a survey of its participants. Reuter’s commodity analyst Wang Tao said that technical price trend indicators showed Brent may soon test support at 55.43 a barrel. 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: 28200 RESIST 2: 41500 RESIST 1: 28000 RESIST 1: 41000 SUP 1: 27550 SUP1: 39800 SUP 2: 27400 SUP2: 39000 WWW.CAPITALSTARS.COM +917316790000 WWW.CAPITALSTARS.COM +917316790000 BASEMETAL LEVELS CS COPPER FEBRUARY OVERVIEW: CS NICKEL JANUARY OVERVIEW: TREND : BULLISH TREND : BULLISH RESIST 2:395 RESIST 2: 715 RESIST 1:392 RESIST 1: 710 SUP1:382 SUP1: 685 SUP2:379 SUP2: 677 WWW.CAPITALSTARS.COM +917316790000 WWW.CAPITALSTARS.COM +917316790000 CS ZINC JANUARY OVERVIEW: CS LEAD JANUARY OVERVIEW: TREND : BULLISH TREND : BULLISH RESIST 2:183.00 RESIST 2: 145.00 RESIST 1:181.00 RESIST 1: 143.00 SUP1:176.00 SUP1: 139.00 SUP2:174.00 SUP2: 137.00 WWW.CAPITALSTARS.COM +917316790000 WWW.CAPITALSTARS.COM +917316790000 CS ALUMINIUM JANUARY OVERVIEW: TREND : SIDEWAYS 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 2:3720 RESIST 2:228.00 RESIST 1:3680 RESIST 1:225.00 SUP1:3550 SUP1:217.00 SUP2:3500 SUP2:215.00 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 Wednesday as seen in the daily chart opened at 3599 levels and day high of 3628 levels. During this period price corrected made day low of 3557 levels finally closed at 3621 levels. Now there are chances of further downward movement technically fundamentally. There remains a question mark over whether OPEC with a long history of non-compliance will actually follow through with the cuts. Very few respondents expect full compliance" Singapore Exchange SGX said on Thursday citing results from a survey of its participants. DAILY RECOMMENDATION: SELL MCX CRUDE OIL JANUARY AROUND 3650 LEVELS FOR TARGET OF T1 3550/T2 3500 WITH SL OF 3720 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

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