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MCX Daily Report - 30 Nov 2017

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MCX Daily Report - 30 Nov 2017

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  1. CapitalStars Financial Research Pvt., Ltd., 1 SEBI Registration Number: INA000001647 MCX Daily Report -30 NOV 2017 News High lights Gold Prices Gain In Asia As North Korea Risks Grow. Gold prices gained in Asia on Thursday with comments from US ambassador to the UN Nikki Haley suggesting a complete oil embargo on North Korea, raising risk concerns."The latest official PMI readings suggest that growth momentum held up well this month," Julian Evans-Pritchard, China economist at Capital Economics, said in a note following the data release. Overnight, gold prices came under pressure on Wednesday as Treasury yields rose on hawkish comments from Fed chair Janet Yellen and upbeat economic data. Federal chair Janet Yellen testified on the economic outlook before the Congressional Joint Economic Committee on Wednesday, reaffirming that the Fed would continue to hike rates amid concerns of the economy overheating. Market participants took Yellen’s comments to be somewhat hawkish, prompting a surge in U.S. Treasury yields, lifting the dollar higher while pressuring gold prices to lows. "We are not seeing undue inflationary pressure in the labor market, so our policy remains accommodative," Yellen said. "But we do think it's important to gradually move our policy rate toward what I'll call a neutral level, which would be consistent with sustainably strong labor market conditions," she said. Price of Jinchuan Refined Nickel. Today Jinchuan’s quote on their refined nickel (780x850x3~5mm) is 91,500 yuan / ton in Shanghai today and 92,700 yuan / ton for refined nickel (4x4 inch), 300 yuan / ton less than yesterday. The ex-factory price is higher than the market price of Jinchuan nickel spot around 11 am. Jiangxi Copper: Global Refined Copper Supply Keeps Sufficient in 2018. Wu Yuneng, deputy general manager of Jiangxi Copper says, global supply of refined copper is sufficient with stable supply of copper concentrate, which will last to next year Crude Oil Stages Mild Rebound In Asia As OPEC-led Curb Extension Eyed. Crude oil prices rebounded mildly in Asia on Thursday as the market awaits full details of a widely expected extension of OPEC-led output curbs - albeit with a few wrinkles.OPEC and key ally Russia will extend output curbs for nine months, but likely review the deal in June of 2018 depending on market conditions, according to reports. Six ministers from OPEC and non-OPEC oil producers including Saudi Arabia and Russia met in Vienna on Wednesday and decided to extends the oil output curbs of 1.8 million barrels per day (bpd) to the end of 2018 - and discussed other related matters without detailing them. "That's one of the recommendations," Kuwait's Oil Minister Essam al-Marzouq told reporters when asked whether the committee had agreed on a nine-month extension, among other matters. A formal announcement on the pact will be made on Thursday. A concern is a significant supply response from US shale drillers and other key producers if oil drifts much higher than current levels. Russian Energy Minister Alexander Novak said that a more nuanced plan was possible.

  2. CapitalStars Financial Research Pvt., Ltd., 2 SEBI Registration Number: INA000001647 MCX Daily Report -30 NOV 2017 Precious Metals CS GOLD (DEC) OVERVIEW: TREND : BEARISH RESIST 2: 29500 RESIST 1: 29400 SUP 1: 29100 SUP 2: 29000 CS COPPER (FEB) OVERVIEW: TREND : BEARISH RESIST 2: 447.00 RESIST 1: 444.00 SUP 1: 435.00 SUP 2: 432.00 CS NICKEL (DEC) OVERVIEW: TREND : BEARISH RESIST 2: 750.00 RESIST 1: 745.00 SUP 1: 715.00 SUP 2: 710.00 CS LEAD (DEC) OVERVIEW: TREND : BEARISH RESIST 2: 161.00 RESIST 1: 159.00 SUP 1: 155.00 SUP 2: 153.00 TREND : BEARISH RESIST 2: 207.00 RESIST 1: 205.00 SUP 1: 201.00 SUP 2: 199.00 CS ALUMINIUM (DEC) OVERVIEW: TREND : BEARISH RESIST 2: 135.00 RESIST 1: 134.00 SUP 1: 129.00 SUP 2: 128.00 WWW.CAPITALSTARS.COM +917316690000 Energies CS CRUDE OIL (DEC) OVERVIEW: TREND : BULLISH RESIST 2: 213.00 RESIST 1: 210.00 SUP 1: 202.00 SUP 2: 199.00

  3. CapitalStars Financial Research Pvt., Ltd., 3 SEBI Registration Number: INA000001647 MCX Daily Report -30 NOV 2017 Capitalstars is a SEBI Registered &ISO Certified Company in Indore, they provide Equity, Commodity, Nifty & forex trading calls with profit in your trading. GET MORE DETAILS HERE:- ∑ Stock Advisory Company ∑ Trading Tips ∑ Financial Advisory company ∑ Stock Tips ∑ Share Market Company ∑ Forex trading tips ∑ Currency Tips Also, you can visit:- capitalstars quick payment capitalstars career

  4. CapitalStars Financial Research Pvt., Ltd., 4 SEBI Registration Number: INA000001647 MCX Daily Report - 30 NOV 2017 Pick for the Day MCX Crude Oil Dec on Wednesday as seen in the daily chart opened at 3715 levels and day high of 3757 levels. During this period price corrected & made day low of 3660 levels finally closed at 3678 levels. Now, there are chances of further downside movement technically & fundamentally. ∑ "The crude market is currently fixated on the outcome of the OPEC meeting ... The current consensus is that members will agree on an extension to the production cuts but the duration of the extension is uncertain," said William O'Loughlin, investment analyst at Rivkin Securities. ∑ "Most analysts expect OPEC and Russia to merely extend the oil production agreement by another nine months to the end of 2018. This outcome may already be priced in as many oil ministers have been hinting at this for months," said Fawad Razaqzada, analyst at futures brokerage Forex.com. DAILY RECOMMENDATION: Sell MCX CRUDE OIL DEC AROUND 3715 LEVELS FOR TARGET OF T1 3665/ T2 3645 WITH SL 3800 OF LEVELS.

  5. CapitalStars Financial Research Pvt., Ltd., 5 SEBI Registration Number: INA000001647 MCX Daily Report - 30 NOV 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. Capitalstars Financial Research Private Ltd., Reserves all Rights. CONTACT US REGISTERED OFFICE Capitalstars Financial Research Private Limited PLOT NO.12, SCHEME NO.78 PART-II, VIJAY NAGAR, INDORE Email :- backoffice@capiltalstars.in Report Is Checked By Investment Advisor :

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