MCX_DAILY_REPORT_-_11_May_2017

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CapitalStars Financial Resrarch Pvt. Ltd. 1 SEBI Registration Number: INA00000164 MCX Daily Report - 11 May 2017 News High lights Gold holds gains in Asia on risk-on sentiment over U.S. politics. Gold prices gained in Asia on Thursday as risk-on sentiment remained in place on prospects for President Donald Trump to push new economic policies amid a political backlash over his firing for FBI Directors James Comex. Overnight gold prices traded higher on Wednesday as investors’ appetite for risk eased after Trump unexpectedly sacked Comex while geopolitical jitters over North Korea returned as gold futures bounced off an eight-week low. Kaplan said that three total rate hikes in 2017 is the “baseline scenario” but insisted that the Federal Reserve would continue to monitor changes in economic activity which could pave the way for a more hawkish or dovish approach to future rate hikes. According to investing.com’s Fed rate monitor tool nearly 80 of traders expect the Federal Reserve to hike interest rates in June compared to 63 in the previous week. Cerro Colorado Copper Mine Workers to Go on Strike in Coming Weeks. Cerro Colorado copper mine’s labor union said workers plan to go on strike for 24 hours in the coming few weeks wenhua.com reported. Workers at BHP Billiton’s Cerro Colorado once blocked the road to mining area. BHP Billiton plans to sell the Cerro Colorado copper mine. LME Lead to Strengthen. LME lead moved above the 5-day moving average on Wednesday and will strengthen on Thursday with price range at USD 2180-2200/mt. SHFE 1706 lead advanced above the 5 10 and 20-day moving averages on Wednesday’s night trading. The contract finding support at RMB 16000/mt will trade at RMB 16100-16300/mt on Thursday. In China’s domestic market spot lead should drop RMB 25/mt and trade at RMB 16050-16150/mt on Thursday. Crude posts further gain in Asia after surprise U.S. stocks draw. Crude prices rose further in Asia on Thursday building on overnight gains following an upbeat report on U.S. inventories. On the New York Mercantile Exchange crude futures for June delivery rose 0.49 to 47.56 a barrel while on Londons Intercontinental Exchange Brent gained 0.44 to 50.44 a barrel. Elsewhere investors continued to monitor comments from energy ministers after Saudi oil chief Khalid Al-Falih said Monday that he was “confident the agreement will be extended into the second half of year and possibly beyond." Oil prices have erased the gains achieved since November when OPEC and other producers including Russia agreed to cut output by about 1.8 million barrels per day bpd. http://www.capitalstars.com backofficecapitalstars.in Dail On: +91 731 6669900

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CapitalStars Financial Resrarch Pvt. Ltd. 2 SEBI Registration Number: INA00000164 MCX Daily Report - 11 May 2017 Precious Metals CS GOLD JUNE OVERVIEW: CS SILVER JULY OVERVIEW: TREND : SIDEWAYS TREND : SIDEWAYS RESIST 2: 28300 RESIST 2: 38800 RESIST 1: 28200 RESIST 1: 38300 SUP 1: 27950 SUP1: 37700 SUP 2: 27800 SUP2: 37500 WWW.CAPITALSTARS.COM +917316790000 WWW.CAPITALSTARS.COM +917316790000 Base Metals CS COPPER JUNE OVERVIEW: CS NICKEL MAY OVERVIEW: TREND : SIDEWAYS TREND : SIDEWAYS RESIST 2:365 RESIST 2:615 RESIST 1:360 RESIST 1:604 SUP1:356 SUP1:585 SUP2:350 SUP2:570 WWW.CAPITALSTARS.COM +917316790000 WWW.CAPITALSTARS.COM +917316790000 CS ZINC MAY OVERVIEW: CS LEAD MAY OVERVIEW: TREND : SIDEWAYS TREND : BULLISH RESIST 2:173.00 RESIST 2: 145.00 RESIST 1:171.00 RESIST 1: 144.00 SUP1:166.00 SUP1: 139.00 SUP2:164.50 SUP2: 138.50 WWW.CAPITALSTARS.COM +917316790000 WWW.CAPITALSTARS.COM +917316790000 CS ALUMINIUM MAY OVERVIEW: TREND : BEARISH RESIST 2: 122.50 RESIST 1: 121.50 SUP1: 119.00 SUP2: 118.00 WWW.CAPITALSTARS.COM +917316790000 Energies CS CRUDE OIL MAY OVERVIEW: CS NATURAL GAS MAY OVERVIEW: TREND : BULLISH TREND : BULLISH RESIST 2:3200 RESIST 2:218.00 RESIST 1:3140 RESIST 1:215.00 SUP1:2980 SUP1:207.00 SUP2:2920 SUP2:204.00 WWW.CAPITALSTARS.COM +917316790000 WWW.CAPITALSTARS.COM +917316790000 http://www.capitalstars.com backofficecapitalstars.in Dail On: +91 731 6669900

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CapitalStars Financial Resrarch Pvt. Ltd. 3 SEBI Registration Number: INA00000164 MCX Daily Report - 11 May 2017 Pick for the Day MCX Crude Oil May Wednesday as seen in the daily chart opened at 2986 levels and day high of 3095 levels. During this period price corrected made day low of 2980 levels finally closed at 3083 levels. Now there are chances of further upside movement technically fundamentally. Oil prices have erased the gains achieved since November when OPEC and other producers including Russia agreed to cut output by about 1.8 million barrels per day bpd. DAILY RECOMMENDATION: Buy MCX CRUDE Oil May AROUND 3050 LEVELS FOR TARGET OF T1 3150/T2 3200 WITH SL OF 2950 LEVELS. http://www.capitalstars.com backofficecapitalstars.in Dail On: +91 731 6669900

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CapitalStars Financial Resrarch Pvt. Ltd. 4 SEBI Registration Number: INA00000164 MCX Daily Report - 11 May 2017 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 http://www.capitalstars.com backofficecapitalstars.in Dail On: +91 731 6669900