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CapitalStars MCX Daily report 10 June 2019

Gold shined the brightest in the past week, touching its new highs followingheightened uncertainties, weak US economic numbers, and dovish central bank policies.

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CapitalStars MCX Daily report 10 June 2019

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  1. CapitalStars Financial Research Pvt., Ltd., 1 SEBI Registration Number: INA000001647 MCX Daily Report 10TH JUNE 2019 News Highlights BULLION - Gold shined the brightest in the past week, touching its new highs following heightened uncertainties, weak US economic numbers, and dovish central bank policies. US unemployment data remained stable, but the metal got a good push as US labor report recorded a very disappointing non-farm payroll data. Only 75K jobs were added against expectations 185K jobs. Although we can see a stable movement in the metal for a while as the US-Mexico trade war eased off as both the countries negotiated their terms and Mexico agreed to deploy security forces to stop the flow of illegal Central American migrants. Updates on the same might give slight jerks to the market. After a weak US economic numbers all eyes will be on the Fed policy meet that is scheduled for next week. SPDR Gold Trust said its holdings fell 0.15% to 756.42 tonnes on Friday from 757.59 tonnes on Thursday. MCX Silver prices were more than 1% percent positive on Friday trades. On the daily chart, price has given Falling Channel breakout, where it has moved above upper Bollinger band formation. Moreover, price has shifted above 50 days EMA on the daily timeframe, which indicates bullish trend in the counter. ENERGY- MCX Copper prices were highly volatile during the last day of the week and closed the day with loss of 1%. On a weekly timeframe, price has given rising trendline breakdown and sustained below it, which indicates down trend in the counter. Moreover, price has moved below 21 DEMA, which suggest bearishness for near term. Furthermore, a momentum indicator RSI (14) and MACD has shown negative crossover, which intimate southward move in the prices. Hence, we expect bearish move for the day. MCX Zinc has recovered almost 1% on Thursday session. On the daily chart, price has sustained below trendline breakdown. Moreover, price has slipped below 50 DEMA and 21 days SMA, which indicates medium term trend remain bearish. On a weekly timeframe, price has moved below parabolic sar, which suggest downward move in the counter. A momentum indicator RSI and MACD has shown negative crossover on the daily chart; which adds more bearishness to the price. Hence, we are expecting bearish movement for the day. BASE METAL - Crude Oil prices jumped more than 4% on Friday after a report that Washington could postpone trade tariffs on Mexico and amid signs that OPEC and other producers may extend their supply cuts. On the daily timeframe, Crude oil price has been moving below Rising Channel breakdown from last couple of days. Moreover, price has sustained below 50 days DEMA, which indicates bearish trend for medium term. Additionally, a momentum indicator RSI (14) and MACD has shown further weakness. So based on the above structure, we are expecting downward move for the day.

  2. CapitalStars Financial Research Pvt., Ltd., 2 SEBI Registration Number: INA000001647 MCX Daily Report 10TH JUNE 2019 Precious Metals CS GOLD (AUG) OVERVIEW: TREND : BULLISH RESIST 2: 33300 RESIST 1: 33100 SUP 1: 32700 SUP 2: 32500 WWW.CAPITALSTARS.COM +919977499927 CS SILVER (JUL) OVERVIEW: TREND : BULLISH RESIST 2: 38000 RESIST 1: 37600 SUP 1: 36900 SUP 2: 36600 WWW.CAPITALSTARS.COM +919977499927 Base Metals CS COPPER (JUN) OVERVIEW: TREND : SIDEWAYS RESIST 2: 413.00 RESIST 1: 408.00 SUP 1: 398.00 SUP 2: 394.00 WWW.CAPITALSTARS.COM +919977499927 CS NICKEL (JUN) OVERVIEW: TREND : SIDEWAYS RESIST 2: 861.00 RESIST 1: 854.00 SUP 1: 843.00 SUP 2: 839.00 WWW.CAPITALSTARS.COM +919977499927 CS ZINC (JUN) OVERVIEW: TREND : SIDEWAYS RESIST 2: 208.00 RESIST 1: 205.00 SUP 1: 202.00 SUP 2: 200.00 WWW.CAPITALSTARS.COM +919977499927 CS LEAD (JUN) OVERVIEW: TREND : BULLISH RESIST 2: 155.00 RESIST 1: 153.00 SUP 1: 149.00 SUP 2: 147.00 WWW.CAPITALSTARS.COM +919977499927 CS ALUMINIUM (JUN) OVERVIEW: TREND : SIDEWAYS RESIST 2: 144.00 RESIST 1: 143.00 SUP 1: 141.00 SUP 2: 140.00 WWW.CAPITALSTARS.COM +919977499927 Energy CS CRUDE OIL (JUN) OVERVIEW: TREND : BEARISH RESIST 2: 3870 RESIST 1:3800 SUP 1: 3620 SUP 2: 3520 WWW.CAPITALSTARS.COM +919977499927 CS NATURAL GAS (JUN) OVERVIEW: TREND : BEARISH RESIST 2: 166.00 RESIST 1: 164.00 SUP 1: 160.00 SUP 2: 159.00 WWW.CAPITALSTARS.COM +919977499927

  3. CapitalStars Financial Research Pvt., Ltd., 3 SEBI Registration Number: INA000001647 MCX Daily Report 10TH JUNE 2019 Pick for the DAY MCX ALUMINIUM JUN on FRIDAY as seen in the Daily chart opened at 142.75 levels and made day low of 141.50 Levels. During this period ALUMINIUM JUN High is 143.35 levels and finally closed at 141.90 levels. Now, there are chances of down movement technically & fundamentally. DAILY RECOMMENDATION: SELL MCX ALUMINIUM JUN BELOW 142.15 LEVELS FOR TARGET OF 141.15/140.15 WITH SL 143.50 OF LEVELS.

  4. CapitalStars Financial Research Pvt., Ltd., 4 SEBI Registration Number: INA000001647 MCX Daily Report 10TH JUNE 2019 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. Capitalstars Financial Research Private Ltd., Reserves all Rights. CONTACT US BRANCH OFFICE Capitalstars Financial Research Private Limited PLOT NO.32, MECHANIC NAGAR EXTENSION, IDA SCHEME NO.54, VIJAYNAGAR INDORE REGISTERED OFFICE PLOT NO.12, SCHEME NO.78 PART-II, VIJAY NAGAR, INDORE Email :- backoffice@capitalstars.com CONTACT US:- 9039012727/9977499927 Report Is Checked By Investment Advisor:

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