Mcx Daily Report 18 Oct 2019

1. CapitalStars Financial Research Pvt., Ltd., 1 SEBI Registration Number: INA000001647 18THOCT 2019 MCX Daily Report News Highlights BULLION – Bullion counter may trade on sideways bias. Gold prices held steady on Friday after Britain managed to eke out a deal for its exit from the European Union, lifting risk appetite, while a sluggish dollar provided support to the metal. European Union leaders unanimously backed a new Brexit deal with Britain on Thursday, leaving Prime Minister Boris Johnson facing a battle to secure the UK parliament’s backing for the agreement if he is to take Britain out of Europe on Oct. 31. Lifting gold’s safe-haven appeal, weak retail sales data and industrial output report out of the United States fanned fears about the health of the world’s biggest economy, amid the prolonged Sino-U.S. trade dispute. The Chinese commerce ministry said on Thursday that China hoped to reach a phased agreement with the United States over trade as early as possible, and make progress on cancelling tariffs on each other’s goods. ENERGY- Oil prices were stable on Friday ahead of data that analysts say could show China, the world’s largest oil consumer, just recorded its weakest quarter of economic growth in nearly three decades, dragged down by a trade dispute with the United States. China Jan-Sept crude oil throughput rose 6.2% year-on-year at 480.38 million tonnes, the National Bureau of Statistics said on Friday. U.S. crude inventories increased by 9.3 million barrels in the week ended Oct.11, compared with analysts’ expectations for an increase of 2.9 million barrels. Elsewhere, the joint technical committee monitoring a global deal to cut output between the Organization of the Petroleum Exporting Countries (OPEC) and partners, including Russia, found compliance with cuts for September stood at 236%, according to four OPEC sources OPEC and its allies have agreed to limit their oil production by 1.2 million barrels per day (bpd) until March 2020. BASE METAL – Base metals may trade with positive bias. Copper prices advanced on Friday on a tentative divorce deal between the United Kingdom and the European Union, as well as hopes for a partial U.S.-China trade deal. Copper prices are widely used as a gauge of economic health, which has been hurt by the prolonged trade war between the United States and China, as well as volatilities caused by the lengthy Brexit negotiations. European Union leaders unanimously backed a new Brexit deal with Britain on Thursday, while China’s commerce ministry said China hoped to reach a phased agreement with the United States.

2. CapitalStars Financial Research Pvt., Ltd., 2 SEBI Registration Number: INA000001647 18THOCT 2019 MCX Daily Report Precious Metals CS GOLD (DEC) OVERVIEW: TREND :SIDEWAYS RESIST 2: 38390 RESIST 1: 38290 WWW.CAPITALSTARS.COM +919977499927 WWW.CAPITALSTARS.COM +919977499927 CS COPPER (OCT) OVERVIEW: TREND : BEARISH TREND : BEARISH RESIST 1: 1188 WWW.CAPITALSTARS.COM +919977499927 WWW.CAPITALSTARS.COM +919977499927 CS ZINC (OCT) OVERVIEW: CS LEAD (OCT) OVERVIEW: RESIST 2: 186 RESIST 2:158 RESIST 1: 157 SUP 1: 155 SUP 2: 154 SUP 2: 182 WWW.CAPITALSTARS.COM +919977499927 WWW.CAPITALSTARS.COM +919977499927 CS ALUMINIUM (OCT) OVERVIEW: TREND : SIDEWAYS RESIST 2:135 RESIST 1: 134 SUP 1: 132 SUP 2: 131 WWW.CAPITALSTARS.COM +919977499927 Energy CS CRUDE OIL (OCT) OVERVIEW: CS NATURAL GAS (OCT) OVERVIEW: TREND : SIDEWAYS SUP 1: 3760 SUP 2: 3710 WWW.CAPITALSTARS.COM +919977499927

3. CapitalStars Financial Research Pvt., Ltd., 3 SEBI Registration Number: INA000001647 18THOCT 2019 MCX Daily Report Pick for the DAY MCX NICKEL OCT on THURSDAY as seen in the Daily chart opened at 1197.00 levels and made day low of 1171.00 levels. During this period NICKEL OCT high is 1197.00 levels and finally closed at 1173.50 levels. Now, there are chances of up movement technically & fundamentally. DAILY RECOMMENDATION: SELL MCX NICKEL OCT BELOW 1181 LEVELS FOR TARGET OF 1171 /1161 WITH SL 1196 OF LEVELS.

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