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Mcx daily report 28 sept

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Mcx daily report 28 sept

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  1. CapitalStars Financial Research Pvt.,Ltd., 1 SEBI Registration Number:INA000001647 MCXDailyReport 28 Sep2018 NewsHighlights Gold holds near six-week lows as dollar firms on robust USdata. Gold prices held close early Friday to near six-week lows hit in the previous session, as the dollar firmed after upbeat US economic data supported the Federal Reserve's resolve for steady interest rate hikes over the next year. Spot gold was up 0.1 per cent to $1,183.58 as of 0103 GMT. On Thursday, the metal fell about 1 per cent and touched its lowest since Aug. 17 at $1,181.61 an ounce. Spot gold is down about 1.3 per cent for the week, on track for its fourth weekly decline in five. The dollar stood tall against its peers on Friday, and hovered near a nine-month high versus the yen. US economic growth accelerated in the second quarter at its fastest pace in nearly four years as previously estimated, putting the economy on track to hit the trump administrations goal of 3% annualgrowth. London Investment growth in infrastructure construction and utilities is unlikely to substantially lift copper prices in the shortterm. London copper fell to close at $6,179/mt overnight and the SHFE 1811 contract slid as longs cut their positions. Support from the fundamentals front weakened on lowering spot premiums, improving copper scrap consumption and weaker-than- expected preholiday stockpiling. Investment growth in infrastructure construction and utilities is unlikely to substantially lift copper prices in the short term. Spot premiums are seen at 0-40 yuan/mttoday. Inflows of Russian nickel grew supplies in the domestic market and this limited upward momentum in futures London nickel fell overnight until it found some support at $12,500/mt. The SHFE 1811 contract rebounded close to the daily moving average after dropping to a low 102,680 yuan/mt. Inflows of Russian nickel grew supplies in the domestic market and this limited upward momentum in futures. LME nickel is likely to hoveraround $12,600/mt today. The SHFE 1811 contract is expected to remain rangebound in the short term and to trade at 103,000-104,500 yuan/mt today. Spot prices are seen at 103,500-110,000yuan/mt. Oil prices edge up amid uncertainty over fallout from Iransanctions Oil prices inched up on Friday, with investors trying to gauge the potential impact on supply from looming U.S. sanctions on Iran's crude exports. The most-active Brent crude futures contract, for December LCOZ8 , had risen 18 cents, or 0.22 percent,to $81.56perbarrelby0126GMT.Thatwasclosetoafour-yearhighof$82.55struck on Tuesday. "The market has been focusing on trading headlines on the Iran sanctions for a whole week. But views on how much OPEC and Russia can make up for the losses vary," said Chen Kai, head of commodity research at ShendaFutures.

  2. CapitalStars Financial Research Pvt.,Ltd., SEBI Registration Number:INA000001647 MCXDailyReport 28 Sep2018 PreciousMetals CS GOLD (OCT) OVERVIEW: TREND : BEARISH RESIST 2: 30550 RESIST 1: 30450 SUP1:30250 SUP 2:30150 WWW.CAPITALSTARS.COM +917440449744 CS SILVER (DEC) OVERVIEW: TREND : BULLISH RESIST 2: 37950 RESIST 1: 37750 SUP 1: 37500 SUP 2: 37300 WWW.CAPITALSTARS.COM +917440449744 BaseMetals CS COPPER (NOV) OVERVIEW: TREND : BEARISH RESIST2:458.00 RESIST1:453.00 SUP 1: 448.00 SUP 2: 445.00 WWW.CAPITALSTARS.COM +917440449744 CS NICKEL (SEP) OVERVIEW: TREND : BEARISH RESIST 2:925.00 RESIST 1:918.00 SUP 1: 910.00 SUP 2: 902.00 WWW.CAPITALSTARS.COM +917440449744 CS ZINC (SEP) OVERVIEW: TREND : BULLISH RESIST2:188.50 RESIST 1:186.50 SUP 1:183.00 SUP 2: 181.00 WWW.CAPITALSTARS.COM +917440449744 CS LEAD (SEP) OVERVIEW: TREND : SIDEWAYS RESIST 2:149.50 RESIST 1:147.50 SUP 1:144.00 SUP 2: 142.00 WWW.CAPITALSTARS.COM +917440449744 CS ALUMINIUM (SEP) OVERVIEW: TREND : SIDEWAYS RESIST 2:148.50 RESIST 1:147.50 SUP 1:145.00 SUP 2:143.50 WWW.CAPITALSTARS.COM+917440449744 Energies CS CRUDE OIL (OCT)OVERVIEW: TREND :SIDEWAYS RESIST 2: 5310 RESIST 1:5260 SUP 1:5220 SUP 2: 5150 WWW.CAPITALSTARS.COM +917440449744 CS NATURAL GAS (OCT)OVERVIEW: TREND :BULLISH RESIST 2:224.50 RESIST 1:223.00 SUP 1:219.00 SUP 2: 217.00 WWW.CAPITALSTARS.COM +917440449744

  3. CapitalStars Financial Research Pvt.,Ltd., 3 SEBI Registration Number:INA000001647 MCXDailyReport 28 Sep2018 Pick for theDAY • MCX GOLD OCT on Wednesday as seen in the Daily chart opened at 30635 levels and made day Low of 30300 levels. During this period GOLD high is 30665 levels and finally closed at 30324 levels. Now, there are chances of down movementtechnically • &fundamentally. • Gold prices held close early Friday to near six-week lows hit in the previous session, as the dollar firmed after upbeat US economic data supported the Federal Reserve's resolve for steady interest rate hikes over the nextyear. • The dollar stood tall against its peers on Friday, and hovered near a nine-month high versus the yen. DAILY RECOMMENDATION: SELL MCX GOLD OCT BELOW 30340 LEVELS FOR TARGET OF 30280/30220 WITH SL 30430 OF LEVELS.

  4. CapitalStars Financial Research Pvt.,Ltd., 4 SEBI Registration Number:INA000001647 MCXDailyReport 28 Sep2018 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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