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Daily MCX Report

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Daily MCX Report

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  1. CapitalStars Financial Research Pvt.,Ltd., 1 SEBI Registration Number:INA000001647 MCXDailyReport 09Aug2018 NewsHighlights Gold nudges up as dollar hits 2-week low vs.yen. Gold prices rose slightly on Thursday, after gaining for two straight sessions, supported by a slightly weaker dollar versus the yen in Asian trade. The Japanese yen rose to two-week high against the dollar on Thursday ahead of trade talks between the United States and Japan and amid speculation over whentheJapanesecentralbankwillexititsultra-easymonetarypolicy.USD/ U.S. dollar also slipped against the Chinese yuan but held steady against othermajor rivalsThe U.S. Federal Reserve has raised benchmark interest rates two times so far this year and targets two more hikes in the near-term with the next one slated to come in September. Higher U.S. rates tend to boost the dollar and treasury yields, adding pressure on greenback- denominated, non yieldinggold. China’s energy vehicle sales hold steady in July and tariffs on copper scrap imports from the US. New-energy passenger vehicle sales in China came in at 42,000 units in July, little changed from a month ago, according to data from the China Passenger Car Association (CPCA). The data also showed that a total of 1.7 million units of passenger vehicles were sold in China last month, down 4.6% month on month but up 5.5% year on year. Included in the passenger vehicle category are sedans, sport utility vehicles (SUV), multi- purposevehicles (MPV) and mini-vans. Tariffs on copper scrap imports from the US are likely to weigh on the supply in the Chinese market. We expect copper prices to strengthen in the shortterm. Nickel rebound as a weakened US dollar and low stocks at SHFE warehouses accounted for the increase. On weakened US dollar, LME nickel climbed up gradually with support at the daily moving average. It increased 1.2% from Tuesday to close at $14,040/mt with inventory down 918 mt to 250,548 mt. The SHFE 1811 contract also gained 0.73% on high downstream demand and falling stock across SHFE warehouses. We expect the contract to hover at 114,500-115,500 yuan/mt today with LME nickel trading robustly around $14,000/mt. Spot prices are set at 114,000- 116,500yuan/mt. Oil prices rebound slightly after heavy declines over tradedispute. Oil prices rebounded on Thursday after heavy losses in the previous session that came as the China-U.S. trade dispute escalated, with official Chinese data indicating energy demand in the world's top importer has yet to recover its strength. China is slapping tariffs of 25 percent on a further $16 billion in imports from the United States, from fuel and steel products to autos and medical equipment. The ongoing trade war is rattling global markets and investors fear any slowdown in the world's two largest economies would slash demand forcommoditiesChina's

  2. crude imports recovered slightly in July after two months of decline, but were still among the lowest this year due to a drop-off in demand from smaller independent refineries. the world's top importer of crude, took 8.48 million barrels per day (bpd) last month, up from 8.18 million bpd a year earlier and June's 8.36 million bpd, customs datashowed.

  3. CapitalStars Financial Research Pvt.,Ltd., SEBI Registration Number:INA000001647 MCXDailyReport 09Aug2018 PreciousMetals CS GOLD (OCT)OVERVIEW: TREND : SIDEWAYS RESIST 2:29760 RESIST 1:29690 SUP 1:29530 SUP 2: 29430 WWW.CAPITALSTARS.COM +917440449744 CS SILVER (SEP) OVERVIEW: TREND :SIDEWAYS RESIST 2:38240 RESIST 1:38100 SUP 1: 37790 SUP 2: 37600 WWW.CAPITALSTARS.COM +917440449744 BaseMetals CS COPPER (AUG) OVERVIEW: TREND : SIDEWAYS RESIST 2:424.00 RESIST 1:421.00 SUP 1: 416.00 SUP 2: 413.00 WWW.CAPITALSTARS.COM +917440449744 CS NICKEL (AUG) OVERVIEW: TREND : BULLISH RESIST 2:969.00 RESIST 1:964.00 SUP 1: 953.00 SUP 2: 947.00 WWW.CAPITALSTARS.COM +917440449744 CS ZINC (AUG) OVERVIEW: TREND : BEARISH RESIST 2:183.00 RESIST 1:182.00 SUP 1:180.00 SUP 2: 179.00 WWW.CAPITALSTARS.COM +917440449744 CS LEAD (AUG) OVERVIEW: TREND : SIDEWAYS RESIST 2:148.50 RESIST 1:147.50 SUP 1:145.50 SUP 2: 144.50 WWW.CAPITALSTARS.COM +917440449744 CS ALUMINIUM (AUG) OVERVIEW: TREND :BULLISH RESIST 2:142.00 RESIST 1:140.50 SUP 1:138.50 SUP 2:137.50 WWW.CAPITALSTARS.COM+917440449744 Energies CS CRUDE OIL (AUG)OVERVIEW: TREND :BEARISH RESIST 2:4650 RESIST 1:4630 SUP 1:4520 SUP 2:4470 CS NATURAL GAS (AUG) OVERVIEW: TREND :BULLISH RESIST 2:205.50 RESIST 1:204.00 SUP 1:199.50 SUP 2:197.00

  4. WWW.CAPITALSTARS.COM +917440449744 WWW.CAPITALSTARS.COM +917440449744

  5. CapitalStars Financial Research Pvt.,Ltd., 3 SEBI Registration Number:INA000001647 MCXDailyReport 09Aug2018 Pick for theDAY • MCX NICKEL AUG on Thursday as seen in the Daily chart opened at 952 levels and made day high of 962.50 levels. During this period crude came down to 951.60 levels and finally closed at 960.30 levels. Now, there are chances of up movement technically & fundamentally. • On weakened US dollar, LME nickel climbed up gradually with support at the daily moving average. • It increased 1.2% from Tuesday to close at $14,040/mt with inventory down 918 mt to 250,548 mt. • DAILY RECOMMENDATION: BUY MCX NICKEL AUG ABOVE 962 LEVELS FOR TARGET OF 972/980 WITH SL 949 OFLEVELS.

  6. CapitalStars Financial Research Pvt.,Ltd., 4 SEBI Registration Number:INA000001647 MCXDailyReport 09Aug 2018 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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