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Mcx daily report - 25 Sep 2017

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Mcx daily report - 25 Sep 2017

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  1. CapitalStars Financial Research Pvt., Ltd., 1 SEBI Registration Number: INA000001647 MCX Daily Report - 25 SEP 2017 News High lights Gold Prices Dip In Asia as Weekend Of Polls And NKorea Mulled. Gold prices dipped slightly in Asia on Monday after a weekend in which New Zealand and Germany went to polls to both produce results that pointed to lengthy talks to form coalition government and North Korea and the U.S. ramped up a war of words and actions. Elsewhere, a 3.4 magnitude earthquake in North Korea raised speculation of a new nuclear test, but monitoring agencies were split on whether it was a natural event or a nuclear detonation. Ahead this week, fresh comments from Federal Reserve Chair Janet Yellen are due as expectations start to grow for a December rate hike. Investors will be focusing on a pair of speeches from ECB President Mario Draghi as well as remarks from the heads of central banks in the UK, Canada and Japan. The precious metal was boosted after North Korea said on Friday it could test a hydrogen bomb over the Pacific Ocean after U.S. President Donald Trump threatened to “totally destroy” the country if the U.S. was forced to defend itself or its allies. COMEX Copper Net Longs Fall Steeply on Capital Flight. COMEX copper net longs held by hedge funds declined sharply in the week ended September 19, according to CFTC report. WBMS: World Copper Deficit Intensifies Sharply during Jan-Jul. COMEX copper net longs fell 30% to 32,587 lots, as capital fled from the market. Chile Copper Output to Grow Dramatically in Next Decade. Chinese Firm JISCO to Expand Alumina Capacity in Jamaica. On Sept. 21, China’s Jiuquan Iron & Steel Corporation (JISCO) and the government of Jamaica signed Jamaica Industrial Park Construction Non-Binding Intention Agreement. According to the agreement, the park will build a new alumina project with annual capacity at 2 million tonnes. In addition, the park will also build industrial and construction aluminum extrusion projects. Oil holds gains as producers say market rebalancing. Oil prices stood little changed on Monday, keeping most of their gains from the previous session to hold near their highest levels in months, as major producers meeting in Vienna said the market was well on its way towards rebalancing. The Organization of the Petroleum Exporting Countries, Russia and several other producers have cut production by about 1.8 million barrels per day since the start of 2017, helping lift oil prices by about 15 percent in the past three months. Kuwaiti Oil Minister Essam al- Marzouq, who chaired Friday's meeting of the Joint Ministerial Monitoring Committee, said supply cuts were helping cut global crude inventories to their five-year average, OPEC's stated target."There is still ample time to decide for producers whether to extend output curbs beyond March," said Tomomichi Akuta, senior economist at Mitsubishi UFJ Research and Consulting in Tokyo.

  2. CapitalStars Financial Research Pvt., Ltd., 2 SEBI Registration Number: INA000001647 MCX Daily Report - 25 SEP 2017 Precious Metals TREND : SIDEWAYS RESIST 2: 29900 RESIST 1: 29700 SUP 1: 29400 SUP 2: 29200 TREND : BEARSIH RESIST 2: 430.00 RESIST 1: 428.00 TREND : BEARSIH RESIST 2: 695.00 RESIST 1: 690.00 CS LEAD (SEP) OVERVIEW: TREND : BULLISH RESIST 2: 167.00 RESIST 1: 165.00 TREND : BULLISH RESIST 2: 206.00 RESIST 1: 204.00 CS ALUMINIUM (SEP) OVERVIEW: TREND : BULLISH RESIST 2: 142.00 RESIST 1: 141.00 SUP1: 136.00 SUP2: 135.00 WWW.CAPITALSTARS.COM +917316690000 Energies CS CRUDE OIL (OCT) OVERVIEW: TREND : BULLISH TREND : BEARISH RESIST 2: 198.00 RESIST 1: 195.00

  3. CapitalStars Financial Research Pvt., Ltd., 3 SEBI Registration Number: INA000001647 MCX Daily Report - 25 SEP 2017 Capitalstars is a SEBI Registered &ISO Certified Company in Indore, they provide Equity, Commodity, Nifty & forex trading calls with profit in your trading. Also, you can visit:- capitalstars Quick payment capitalstars past performance GET MORE DETAILS HERE:- ∑ Stock Advisory Company ∑ Trading Tips ∑ Financial Advisory company ∑ Stock Tips ∑ Share Market Company ∑ Forex trading tips ∑ Currency Tips

  4. CapitalStars Financial Research Pvt., Ltd., 4 SEBI Registration Number: INA000001647 MCX Daily Report - 25 SEP 2017 Pick for the Day MCX Crude Oil Oct on Friday as seen in the daily chart opened at 3298 levels and day high of 3308 levels. During this period price corrected & made day low of 3273 levels finally closed at 3287 levels. Now, there are chances of further upside movement technically & fundamentally. ∑ Kuwaiti Oil Minister Essam al-Marzouq, who chaired Friday's meeting of the Joint Ministerial Monitoring Committee, said supply cuts were helping cut global crude inventories to their five-year average, OPEC's stated target. Oil also came under pressure from the dollar's rise against euro after Germany's election showed surging support for a far-right party that left Chancellor Angela Merkel scrambling to form a governing coalition. ∑ Markets were also nervously eyeing developments in North Korea. U.S. Treasury Secretary Steve Mnuchin on Sunday said President Donald Trump wants to avoid nuclear war with North Korea and "will do everything we can" to avoid conflict. DAILY RECOMMENDATION: Buy MCX CRUDE OIL OCT AROUND 3270 LEVELS FOR TARGET OF T1 3320/T2 3340 WITH SL 3190 OF LEVELS.

  5. CapitalStars Financial Research Pvt., Ltd., 5 SEBI Registration Number: INA000001647 MCX Daily Report - 25 SEP 2017 D 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. CONTACT US REGISTERED OFFICE REGISTERED OFFICE CapitalstarsFinancialResearchPrivateLimited PLOTNO.12,SCHEMENO.78PART-II,VIJAYNAGAR,INDORE Email:- backoffice@capiltalstars.in

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