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Daily Mcx Reports 10 April 2019

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Daily Mcx Reports 10 April 2019

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  1. CapitalStars Financial Research Pvt., Ltd., 1 SEBI Registration Number: INA000001647 10THAPR 2019 MCX Daily Report News Highlights BULLION - Bullion counter may witness some profit booking at higher levels as investors will eye the outcome of FOMC meeting minutes later today. Gold on Wednesday traded near a two-week high hit in the previous session, as investors worried about the trade tensions between the United States and Europe, and as the International Monetary Fund cut its global growth outlook. The International Monetary Fund on Tuesday cut its global economic growth forecasts for 2019 and warned growth could slow further due to trade tensions and a potentially disorderly British exit from the European Union. European Union leaders will grant British Prime Minister Theresa May a second delay to Brexit but they could demand she accepts a much longer extension as France pushed for conditions to limit Britain’s ability to undermine the bloc. Venezuela removed eight tonnes of gold from the central bank’s vaults last week, and the cash-strapped socialist state is expected to sell the bullion abroad as it seeks to raise hard currency in the face of U.S. sanctions, a lawmaker and one government source said. ENERGY- Crude oil may remain with upside bias as oil prices edged back towards five-month highs on Wednesday, supported by ongoing supply cuts by producer club OPEC and U.S. sanctions against oil exporters Iran and Venezuela. Oil markets have been tightened this year by U.S. sanctions on oil exporters Iran and Venezuela, as well as supply cuts by the producer club of the Organization of the Petroleum Exporting Countries (OPEC) and some non-affiliated producers, a group known as OPEC+. Venezuelan oil output is estimated to have fallen from 1.19 million bpd in October to 890,000 bpd in March, while output from Iran has fallen from 3.33 million bpd to 2.71 million bpd due to sanctions. Declines from these two exempt countries account for almost 47 percent of the reduction seen from OPEC. Oil production in the United States has risen by more than 2 million barrels per day since early 2018, to a record 12.2 million bpd. U.S. dry natural gas production will rise to an all-time high of 91.00 billion cubic feet per day (bcfd) in 2019 from a record high of 83.39 bcfd in 2018, according to the Energy Information Administration's Short Term Energy Outlook (STEO) on Tuesday. BASE METAL - Base metals prices may trade with negative bias .Copper fell on Wednesday after the International Monetary Fund cut its global growth forecast and the United States threatened to slap tariffs on hundreds of European goods. The International Monetary Fund (IMF) cut its forecast for world economic growth this year to 3.3 percent from 3.5 percent previously, citing the U.S.-China trade war and a potentially disorderly British exit from the European Union. An indigenous community in Peru voted to suspend its two-month road blockade of MMG Ltd’s Las Bambas copper mine for two days until the government visits the region on Thursday.

  2. CapitalStars Financial Research Pvt., Ltd., 2 SEBI Registration Number: INA000001647 10THAPR 2019 MCX Daily Report Precious Metals CS GOLD (JUN) OVERVIEW: TREND : BULLISH TREND : BULLISH SUP 1:32100 SUP 2:32000 WWW.CAPITALSTARS.COM +919977499927 WWW.CAPITALSTARS.COM +919977499927 Base Metals CS COPPER (APR) OVERVIEW: TREND : SIDEWAYS RESIST 2:457.00 RESIST 1:454.00 SUP 1: 447.00 SUP 2: 445.00 RESIST 2: 929.00 RESIST 1: 923.00 SUP 1: 912.00 SUP 2: 907.00 CS ZINC (APR) OVERVIEW: TREND : BULLISH RESIST 2:229.00 RESIST 1:226.00 SUP 1: 223.00 SUP 2: 221.50 CS LEAD (APR) OVERVIEW: RESIST 2: 141.00 RESIST 1: 139.00 SUP 1: 136.00 SUP 2: 135.00 CS ALUMINIUM (APR) OVERVIEW: TREND : SIDEWAYS RESIST 2: 149.00 RESIST 1: 148.00 SUP 1: 147.00 SUP 2: 146.00 WWW.CAPITALSTARS.COM +919977499927 Energy CS CRUDE OIL (APR) OVERVIEW: TREND : SIDEWAYS

  3. CapitalStars Financial Research Pvt., Ltd., 3 SEBI Registration Number: INA000001647 10THAPR 2019 MCX Daily Report Pick for the DAY MCX SILVER MAY on TUESDAY as seen in the Daily chart opened at 38050.00 levels and made day low of 37808.00 Levels. During this period SILVER MAY High is 38150.00 levels and finally closed at 37838.00 levels. Now, there are chances of down movement technically & fundamentally. DAILY RECOMMENDATION: SELL MCX SILVER MAY BELOW 37668 LEVELS FOR TARGET OF 37468/37268 WITH SL 37968 OF LEVELS.

  4. CAPITALSTARSFINANCIALRESEARCHPVT.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:- Intraday stock tips Financial advisory company Share market 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 4

  5. CapitalStars Financial Research Pvt., Ltd., SEBI Registration Number: INA000001647 10THAPR 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:

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