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Mcx daily report 25 oct

This document is regarding daily Mcx Report.

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Mcx daily report 25 oct

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  1. CapitalStars Financial Research Pvt.,Ltd., 1 SEBI Registration Number:INA000001647 MCXDailyReport 25 OCT2018 NewsHighlights Gold edges lower as rallying dollar dentsappeal. Gold fell on Wednesday, as a rising dollar spurred investors to take profits after tumbling stocks pushed the metal to a more than three-month peak in the previous session. The dollar, as measured against a basket of other currencies .DXY , hit its highest since Aug. 17, potentially weighing on demand by making bullion more expensive for holders of non-dollar currencies. U.S equities were in the red, pressured by disappointing earnings, concerns over Italy's budget and worries that world economic growth is losing steam. Gold was expected to stay supported as investors were likely to use bullion as insurance against growing political and economic tensions in the world, some analystssaid. London inventories have gained for two consecutive days while downstream consumption has yet to pickup. Downbeat economic data across Europe and upbeat data for the US shored up the US dollar index overnight and weighed on LME copper. LME copper fell past $6,200/mt to a lowof $6,171/mt overnight. The SHFE 1812 contract ended in the red overnight even as it rebounded from a low of 49,980 yuan/mt. In addition to the robust US dollar, weakness across equity markets which dented investor risk appetite also pressured copper prices. LME inventories have gained for two consecutive days while downstream consumption has yet to pick up. Long-term contracts would be delivered today, which is likely to activate the physical market today. LME copper is expected to trade at $6,120-6,180/mt today with the SHFE 1812 contract at 49,900-50,180 yuan/mt. Spot discounts are seen up to 50yuan/mt. London nickel fell and closed near day-lows onWednesday. London nickel fell and closed near day-lows on Wednesday. As shorts added their positions, the SHFE 1901 contract slid before it hovered around 101,800 yuan/mt within a narrow range to finish overnight trading hours. Shandong Xinhai’s earlier commissioning of new capacity cast a shadow over the market. LME nickel is expected to hover around $12,250/mt today with the SHFE 1901 contract at 101,000-103,000 yuan/mt. Spot prices are seen at 102,000- 109,000yuan/mt. Oil prices fell under extreme sellingpressure. Oil prices fell by around one percent on Thursday, coming under pressure from sharp selloffs in global stock markets, with U.S. stocks posting the biggest daily decline since 2011 to wipe out the year's gains. Oil prices fell under extreme selling pressure ... as the steep selloff across stock markets fuelled fears over a possible drop in oil demand growth," said Lukman Otunuga, analyst at futures brokerage FXTM. Markets have been hit hard this month by a range of worries, including the Sino-U.S. trade war, a rout in emerging market currencies, rising borrowing costs and bond yields, as well as economic concerns in Italy. oil, WTI has fallen nearly 10 percent so far this month, while Brent is down nearly 9percent.

  2. CapitalStars Financial Research Pvt.,Ltd., SEBI Registration Number:INA000001647 MCXDailyReport 25 OCT2018 PreciousMetals CS GOLD (DEC) OVERVIEW: TREND : BEARISH RESIST 2: 32200 RESIST 1: 32100 SUP1:31950 SUP 2:31850 WWW.CAPITALSTARS.COM +917440449744 CS SILVER (DEC) OVERVIEW: TREND :SIDEWAYS RESIST 2:39400 RESIST 1:39200 SUP 1: 38800 SUP 2: 38600 WWW.CAPITALSTARS.COM +917440449744 BaseMetals CS COPPER (NOV) OVERVIEW: TREND : BEARISH RESIST2:455.00 RESIST1:450.00 SUP 1: 446.00 SUP 2: 440.00 WWW.CAPITALSTARS.COM +917440449744 CS NICKEL (OCT) OVERVIEW: TREND : BEARISH RESIST 2:918.00 RESIST 1:910.00 SUP 1: 890.00 SUP 2: 882.00 WWW.CAPITALSTARS.COM +917440449744 CS ZINC (OCT)OVERVIEW: TREND : SIDEWAYS RESIST2:203.00 RESIST 1:200.00 SUP 1:197.00 SUP 2: 195.00 WWW.CAPITALSTARS.COM +917440449744 CS LEAD (OCT) OVERVIEW: TREND : BEARISH RESIST 2:150.00 RESIST 1:148.00 SUP 1:145.00 SUP 2: 143.00 WWW.CAPITALSTARS.COM +917440449744 CS ALUMINIUM (OCT)OVERVIEW: TREND :BEARISH RESIST 2:148.00 RESIST 1:146.00 SUP 1:144.00 SUP 2:142.00 WWW.CAPITALSTARS.COM+917440449744 Energies CS CRUDE OIL (NOV)OVERVIEW: TREND :BEARISH RESIST 2:5000 RESIST 1:4950 SUP 1:4840 SUP 2: 4800 WWW.CAPITALSTARS.COM +917440449744 CS NATURAL GAS (OCT)OVERVIEW: TREND :BEARISH RESIST 2:237.00 RESIST 1:235.00 SUP 1:232.00 SUP 2: 230.00 WWW.CAPITALSTARS.COM +917440449744

  3. CapitalStars Financial Research Pvt.,Ltd., 3 SEBI Registration Number:INA000001647 MCXDailyReport 25 OCT2018 Pick for theDAY • MCXCopperonWednesdayasseenintheDailychartopenedat • 450.20 levels and made day low of 447 levels. During this period Copper High is 453.95 levels and finally closed at 447.90 levels. Now, there are chances of down movement technically &fundamentally. • Downbeat economic data across Europe and upbeat data for the US shored up the US dollar index overnight and weighed on LME copper. • In addition to the robust US dollar, weakness across equity markets which dented investor risk appetite also pressured copperprices. DAILY RECOMMENDATION: SELL MCX COPPER NOV BELOW 445 LEVELS FOR TARGET OF 443/441 WITH SL 448 OFLEVELS.

  4. CapitalStars Financial Research Pvt.,Ltd., 4 SEBI Registration Number:INA000001647 MCXDailyReport 25 OCT2018 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 financialadviser. 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. Capitalstars Financial Research Private Ltd., Reserves allRights. CONTACTUS BRANCHOFFICE Capitalstars Financial Research Private Limited Forex Trading Tips Stock Market Tips Share TipsExpert PLOT NO.32, MECHANIC NAGAR EXTENSION, IDA SCHEME NO.54, VIJAYNAGARINDORE REGISTEREDOFFICE PLOT NO.12, SCHEME NO.78 PART-II, VIJAY NAGAR,INDORE Email :-backoffice@capiltalstars.in

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