Mcx Daily Report 16 August 2019

1. CapitalStars Financial Research Pvt., Ltd., 1 SEBI Registration Number: INA000001647 16THAUGUST 2019 MCX Daily Report News Highlights BULLION - Bullion counter may remain on sideways to positive path. Gold prices gained on Friday as the steep fall in U.S. bond yields continued, while conflicting signals on the Sino-U.S. trade war added to economic uncertainty. The metal has gained nearly 2% so far this week, and is on track for its third straight weekly gain. China on Thursday vowed to counter the latest $300 billion U.S. tariffs, but also called on the U.S. to meet it halfway on a potential trade deal. On Thursday, U.S. President Donald Trump said he believed China wanted to make a trade deal, and that the trade conflict would be fairly short. Investors are focused on the Federal Reserve's annual symposium next week. Traders see an about one-in-three chance of a 50 basis-point rate cut by the Fed this September. The European Central Bank's (ECB) Olli Rehn on Thursday flagged the need for a significant easing package in September. The ECB is widely expected to cut interest rates by at least 10 basis points when it meets next month. ENERGY- Crude oil may trade with upside path as crude oil prices rose on Friday after two days of declines, buoyed following data showing a rise in U.S. retail sales helped ease some concerns about a recession in the world's biggest economy. U.S. retail sales rose 0.7% in July as consumers bought a range of goods even as they cut back on motor vehicle purchases, according to data that came a day after a key part of the U.S. Treasury yield curve inverted for the first time since June 2007 prompting a sell-off in stocks and crude oil. The price of Brent is still up nearly 10% this year thanks to supply cuts led by the Organization of the Petroleum Exporting Countries (OPEC) and allies such as Russia, a group known as OPEC+. In July, OPEC+ agreed to extend oil output cuts until March 2020 to prop up prices. But the efforts of OPEC+ have been outweighed by worries about the global economy amid the U.S.- China trade dispute and uncertainty over Brexit, as well as rising U.S. stockpiles of crude and higher output of U.S. shale oil. U.S. natural gas futures jumped more than 5% on Thursday after the release of a storage report that showed a much smaller-than-expected build last week. BASE METAL - Base metals may trade on positive path. China's refined copper output rose 4.8% year- on-year to 801,000 tonnes in July, data released by the National Bureau of Statistics showed on Friday. Copper prices were almost unchanged on Friday, amid conflicting messages about the ongoing trade discussions between the United States and China. U.S. President Donald Trump said on Thursday that U.S. and Chinese negotiators were holding “productive” trade talks and expected them to meet in September. Meanwhile, China vowed to counter the latest U.S. tariffs but called on the United States to meet it halfway on a potential trade deal. Prices of copper, seen as a gauge of economic health, have been hurt by the prolonged trade war between the world’s two biggest economies and have fallen 3.6% so far this year on the London Metal Exchange (LME). China July zinc output was up 17.4% y/y at 512,000 tonnes. China July lead output rose 13.2% y/y to 472,000 tonnes. Alumina output was up 2.9% y/y but down 3% from June at 6.22 mln tonnes, the lowest monthly total since December.

2. CapitalStars Financial Research Pvt., Ltd., 2 SEBI Registration Number: INA000001647 MCX Daily Report WWW.CAPITALSTARS.COM +919977499927 WWW.CAPITALSTARS.COM +919977499927 Base Metals TREND : SIDEWAYS RESIST 2: 455.00 RESIST 1: 451.00 SUP 1: 443.00 SUP 2: 439.00 TREND : BULLISH RESIST 2: 1170.00 RESIST 1: 1160.00 CS ZINC (AUG) OVERVIEW: TREND : BEARISH RESIST 2: 187.00 RESIST 1: 186.00 SUP 1: 184.00 SUP 2: 183.00 RESIST 2: 157.00 RESIST 1: 156.00 SUP 1: 153.00 SUP 2: 152.00 RESIST 2: 143.00 RESIST 1: 142.00 SUP 1: 140.00 SUP 2: 138.00 WWW.CAPITALSTARS.COM +919977499927 Energy CS CRUDE OIL (AUG) OVERVIEW: TREND : SIDEWAYS TREND : SIDEWAYS

3. CapitalStars Financial Research Pvt., Ltd., 3 SEBI Registration Number: INA000001647 16THAUGUST 2019 MCX Daily Report Pick for the DAY MCX ZINC AUG on WEDNESDAY as seen in the Daily chart opened at 186.45 levels and made day low of 183.55 levels. During this period ZINC AUG High is 187.55 levels and finally closed at 184.40 levels. Now, there are chances of down movement technically & fundamentally. DAILY RECOMMENDATION: SELL MCX ZINC AUG BELOW 184.30 LEVELS FOR TARGET OF 183.30/182.30 WITH SL 185.30 OF LEVELS. future performance.

4. CAPITALSTARS FINANCIAL RESEARCH PVT. LTD. CapitalStars Financial Research Private Limited is an advisory company incepted with a vision of providing fair and accurate trading and investment calls in share and commodity market. we specialize in thorough fundamental and technical research analysis in equity and commodity market to provide best equity and commodity tips to traders and investors. we provide intraday as well as delivery stock tips in NSE and BSE and commodity tips in MCX and NCDEX. Get our more services:- Mcx Tips Financial advisory company Sharemarket company Stock Tips Investment & Trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance. CapitalStars Investment Adviser: SEBI Registration Number: INA000001647

5. CapitalStars Financial Research Pvt., Ltd., 4 SEBI Registration Number: INA000001647 16THAUGUST 2019 MCX Daily Report 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: