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Mcx daily report 19 jan 2018
- 1. CapitalStars Financial Research Pvt., Ltd., 1 SEBI Registration Number: INA000001647 MCX Daily Report -19 JAN 2018 News High lights Gold Prices Gain In Asia On Weaker Dollar, Markets Eye US Budget Process. Gold prices gained in Asia on Friday as a weaker dollar brought physical demand into the market. Gold prices eased from four-month highs as US yields rose sharply after strong growth data from China and amid expectations that inflation would soon gather pace. Yields on United States 10-Year reached a ten-month high amid strong China economic growth data and rising expectations for faster inflation growth, which pressured gold prices to retreat from four-month highs. Gold is sensitive to moves in U.S. rates, which lift the opportunity cost of holding non-yielding assets such as bullion. Despite the bank’s warning, traders remain bullish on the yellow metal as data last week showed they increased their bullish bets on gold for the fourth-straight week. Zinc gains as support seen after China's economy grew faster than expected in the fourth quarter of 2017. Zinc on MCX settled up 0.14% at 217.70 as support seen after China's economy grew faster than expected in the fourth quarter of 2017. Rising supplies of zinc over the next couple of years are unlikely to replenish dwindling inventories to the extent that the market stops fretting about shortages and driving up prices towards the peaks seen in 2017. China's economy grew faster than expected in the fourth quarter of 2017, as an export recovery helped the country post its first annual acceleration in growth in seven years. Nickel prices gained as support seen with better-than-expected China economic data. Nickel on MCX settled up 0.67% at 795.50 as support seen with better-than-expected China economic data. China’s economy grew faster than expected in the fourth quarter, helped by a rebound in the industrial sector, a resilient property market and strong export growth. China’s housing market picked up slightly in December, but price growth more than halved in 2017 as government curbs on speculation took effect. Nickel saw a deficit from January to November 2017 with demand exceeding production by 63,600 mt. Oil prices fall over 1 percent on recovery in U.S. output. Oil prices dropped more than 1 percent on Friday as a bounce-back in U.S. production outweighed ongoing declines in crude inventories. If Friday's falls last, this week will see the biggest weekly price declines since October.Traders said the lower prices were prompted by a recovery in U.S. oil production after a recent drop, as well as by an expected fall in demand when winter ends in the northern hemisphere. U.S. crude oil production stood at 9.75 million barrels per day (bpd) on Jan. 12, data from the Energy Information Administration (EIA) showed. Output had fallen to 9.49 million barrels at the start of the year, due largely to a cold snap that shut down some production. Most analysts expect U.S. output to break through 10 million barrels per day soon.
- 2. CapitalStars Financial Research Pvt., Ltd., 2 SEBI Registration Number: INA000001647 MCX Daily Report - 19 JAN 2018 Precious Metals CS GOLD (FEB) OVERVIEW: CS SILVER (MAR) OVERVIEW: TREND : BEARISH RESIST 2: 29900 RESIST 1: 29800 SUP 1: 29500 SUP 2: 29400 CS COPPER (FEB) OVERVIEW: TREND : BEARISH TREND : BEARISH RESIST 2: 459.00 RESIST 2: 805.00 RESIST 1: 456.00 RESIST 1: 800.00 SUP 1: 448.00 SUP 1: 775.00 SUP 2: 445.00 SUP 2: 770.00 TREND : BEARISH TREND : BULLISH RESIST 2: 221.00 RESIST 2: 170.00 RESIST 1: 219.00 RESIST 1: 168.00 SUP 1: 215.00 SUP 1: 164.00 SUP 2: 213.00 SUP 2: 162.00 CS ALUMINIUM (JAN) OVERVIEW: TREND : BULLISH RESIST 2: 145.00 RESIST 1: 144.00 SUP 1: 141.00 SUP 2: 140.00 WWW.CAPITALSTARS.COM +917316690000 Energies RESIST 2: 212.00 RESIST 1: 209.00 SUP 1: 196.00 SUP 2: 193.00
- 3. CapitalStars Financial Research Pvt., Ltd., 3 SEBI Registration Number: INA000001647 MCX Daily Report - 19 JAN 2018 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 -19 JAN 2018 Pick for the Day MCX Crude Oil Jan on Thursday as seen in the daily chart opened at 4100 levels and day high of 4107 levels. During this period price corrected & made day low of 4052 levels finally closed at 4088 levels. Now, there are chances of further downside movement technically & fundamentally. ∑ Overall, however, oil prices remain well supported, and most analysts do not expect steep declines. The main price driver has been a production cut by a group of major oil producers around the Organization of the Petroleum Exporting Countries (OPEC) and Russia, who started to withhold output in January last year. ∑ The supply cuts by OPEC and its allies, which are scheduled to last throughout 2018, were aimed at tightening the market to prop up prices. DAILY RECOMMENDATION: SELL MCX CRUDE OIL JAN AROUND 4100 LEVELS FOR TARGET OF T1 4050/ T2 4030 WITH SL 4180 OF LEVELS.
- 5. CapitalStars Financial Research Pvt., Ltd., 5 SEBI Registration Number: INA000001647 MCX Daily Report -19 JAN 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 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 :