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CapitalStars Financial Research Pvt., Ltd., 1
SEBI Registration Number: INA000001647
MCX Daily Report - 12 SEP 2017
News High lights
Gold dips in Asia after latest U.N. sanctions on NKorea.
Gold prices fell in Asia on Tuesday with tensions on the Korean peninsula eyed after
fresh U.N. economic sanctions against Pyongyang that were seen as weaker than
expected, or pushed, by the U.S. "Under the new sanctions resolution passed by the
UN Security Council on 11 September, UN members would only need to cap oil
exports to North Korea at the average level over the past 12 months, although the
new UN resolution also bans exports of natural gas liquids and condensates and caps
exports of refined petroleum products to North Korea at 2 million barrels per year for the 2018 calendar year
and 500,000 barrels for the last quarter of 2017." Overnight, gold prices remained on the downside on Monday,
as concerns over the impact of Hurricane Irma and tensions with North Korea continued to subside. Market
participants had been worried about a potential North Korean missile test on Saturday, to mark the anniversary
of the founding of the nation.
Zambia Expects Copper Output to Fall in 2017.
Zambia's copper production is expected to fall slightly in 2017 to 753,992 tonnes, lower
than 774,290 tonnes in 2016, Ministry of Mines said on Monday. The decline will be due
mainly to output decline at Konkola Copper Mines, whose output is estimated to fall by 40
per cent this year. Chile Copper Export Value Surges 33.7 Per cent YoY in August. The
Zambia Chamber of Mines, an industry body, said output would depend on power supply,
infrastructure and stability of the fiscal and regulatory regime.
Xinjiang Joinworld Releases Aluminum and Related Capacity.
Xinjiang Joinworld has released its current capacity for high-purity aluminum and aluminum foil. At present,
Xinjiang Joinworld has an annual capacity of 42,000 tonnes of high-purity aluminum, 35,000 tonnes of electronic
aluminum foil, as well as 16 million m2 of electrode foil. The company has no expansion plans for now and
needs to source power from market since its captive power could not meet its production needs.
Crude oil flat to weaker in Asia as API estimates ahead.
Crude oil prices were flat to weaker in Asia on Tuesday with industry estimates of crude
and refined product stocks from the American Petroleum Institute in the U.S. ahead.
Analysts surveyed Monday by S&P Global Platts expect US crude stocks rose 10.1 million
barrels. Overenight, oil prices settled higher on Monday amid an uptick in sentiment after
Saudi Arabia said its oil minister held talks with counterparts over the possibility of
extending the supply-cut agreement beyond March 2018.The uptick in sentiment on oil prices comes against
concerns that falling U.S. oil demand could weigh on crude futures in the wake of Hurricane Irma which made
landfall in the U.S. over the weekend. "We believe that Irma will have a negative impact on oil demand but not
on oil production or processing," Goldman Sachs (NYSE:GS) analysts said in a note.
CapitalStars Financial Research Pvt., Ltd., 2
SEBI Registration Number: INA000001647
MCX Daily Report - 12 SEP 2017
Precious Metals
TREND : BEARISH
RESIST 2: 30150
RESIST 1: 30000
SUP 1: 29650
SUP 2: 29500
TREND : SIDEWAYS
RESIST 2: 440.00 RESIST 2: 763.00
RESIST 1: 438.00 RESIST 1: 758.00
CS LEAD (SEP) OVERVIEW:
TREND : SIDEWAYS TREND : BEARISH
RESIST 2: 202.00 RESIST 2: 149.00
RESIST 1: 200.00 RESIST 1: 147.00
CS ALUMINIUM (SEP) OVERVIEW:
TREND : SIDEWAYS
RESIST 2: 137.00
RESIST 1: 136.00
SUP1: 132.00
SUP2: 131.00
WWW.CAPITALSTARS.COM +917316690000
Energies
TREND : SIDEWAYS TREND : BEARISH
RESIST 2: 195.00
RESIST 1: 192.00
CapitalStars Financial Research Pvt., Ltd., 3
SEBI Registration Number: INA000001647
MCX Daily Report - 12 SEP 2017
GET MORE DETAILS HERE:-
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CapitalStars Financial Research Pvt., Ltd., 4
SEBI Registration Number: INA000001647
MCX Daily Report - 12 SEP 2017
Pick for the Day
MCX Crude Oil Sep on Monday as seen in the daily chart opened at 3060 levels and
day high of 3089 levels. During this period price corrected & made day low of 3010
levels finally closed at 3073 levels. Now, there are chances of further upside
movement technically & fundamentally.
∑ Saudi Arabia, Opec's de facto leader and the world's largest exporter, said Sunday
that the country’s energy minister Khalid al-Falih met with his Venezuelan and
Kazakh counterparts to discuss an extension of Opec’s supply-cut agreement.
∑ The uptick in sentiment on oil prices comes against concerns that falling U.S. oil
demand could weigh on crude futures in the wake of Hurricane Irma which made
landfall in the U.S. over the weekend. "We believe that Irma will have a negative
impact on oil demand but not on oil production or processing," Goldman Sachs
(NYSE:GS) analysts said in a note.
DAILY RECOMMENDATION: Buy MCX CRUDE OIL SEP AROUND 3060 LEVELS FOR
TARGET OF T1 3110/T2 3130 WITH SL 2980 OF LEVELS.
CapitalStars Financial Research Pvt., Ltd., 5
SEBI Registration Number: INA000001647
MCX Daily Report -12 SEP 2017
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.
Capital stars 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
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Mcx daily report 12 sep 2017

  • 1. CapitalStars Financial Research Pvt., Ltd., 1 SEBI Registration Number: INA000001647 MCX Daily Report - 12 SEP 2017 News High lights Gold dips in Asia after latest U.N. sanctions on NKorea. Gold prices fell in Asia on Tuesday with tensions on the Korean peninsula eyed after fresh U.N. economic sanctions against Pyongyang that were seen as weaker than expected, or pushed, by the U.S. "Under the new sanctions resolution passed by the UN Security Council on 11 September, UN members would only need to cap oil exports to North Korea at the average level over the past 12 months, although the new UN resolution also bans exports of natural gas liquids and condensates and caps exports of refined petroleum products to North Korea at 2 million barrels per year for the 2018 calendar year and 500,000 barrels for the last quarter of 2017." Overnight, gold prices remained on the downside on Monday, as concerns over the impact of Hurricane Irma and tensions with North Korea continued to subside. Market participants had been worried about a potential North Korean missile test on Saturday, to mark the anniversary of the founding of the nation. Zambia Expects Copper Output to Fall in 2017. Zambia's copper production is expected to fall slightly in 2017 to 753,992 tonnes, lower than 774,290 tonnes in 2016, Ministry of Mines said on Monday. The decline will be due mainly to output decline at Konkola Copper Mines, whose output is estimated to fall by 40 per cent this year. Chile Copper Export Value Surges 33.7 Per cent YoY in August. The Zambia Chamber of Mines, an industry body, said output would depend on power supply, infrastructure and stability of the fiscal and regulatory regime. Xinjiang Joinworld Releases Aluminum and Related Capacity. Xinjiang Joinworld has released its current capacity for high-purity aluminum and aluminum foil. At present, Xinjiang Joinworld has an annual capacity of 42,000 tonnes of high-purity aluminum, 35,000 tonnes of electronic aluminum foil, as well as 16 million m2 of electrode foil. The company has no expansion plans for now and needs to source power from market since its captive power could not meet its production needs. Crude oil flat to weaker in Asia as API estimates ahead. Crude oil prices were flat to weaker in Asia on Tuesday with industry estimates of crude and refined product stocks from the American Petroleum Institute in the U.S. ahead. Analysts surveyed Monday by S&P Global Platts expect US crude stocks rose 10.1 million barrels. Overenight, oil prices settled higher on Monday amid an uptick in sentiment after Saudi Arabia said its oil minister held talks with counterparts over the possibility of extending the supply-cut agreement beyond March 2018.The uptick in sentiment on oil prices comes against concerns that falling U.S. oil demand could weigh on crude futures in the wake of Hurricane Irma which made landfall in the U.S. over the weekend. "We believe that Irma will have a negative impact on oil demand but not on oil production or processing," Goldman Sachs (NYSE:GS) analysts said in a note.
  • 2. CapitalStars Financial Research Pvt., Ltd., 2 SEBI Registration Number: INA000001647 MCX Daily Report - 12 SEP 2017 Precious Metals TREND : BEARISH RESIST 2: 30150 RESIST 1: 30000 SUP 1: 29650 SUP 2: 29500 TREND : SIDEWAYS RESIST 2: 440.00 RESIST 2: 763.00 RESIST 1: 438.00 RESIST 1: 758.00 CS LEAD (SEP) OVERVIEW: TREND : SIDEWAYS TREND : BEARISH RESIST 2: 202.00 RESIST 2: 149.00 RESIST 1: 200.00 RESIST 1: 147.00 CS ALUMINIUM (SEP) OVERVIEW: TREND : SIDEWAYS RESIST 2: 137.00 RESIST 1: 136.00 SUP1: 132.00 SUP2: 131.00 WWW.CAPITALSTARS.COM +917316690000 Energies TREND : SIDEWAYS TREND : BEARISH RESIST 2: 195.00 RESIST 1: 192.00
  • 3. CapitalStars Financial Research Pvt., Ltd., 3 SEBI Registration Number: INA000001647 MCX Daily Report - 12 SEP 2017 GET MORE DETAILS HERE:- ÿ Commodity Market tips ÿ Mcx live tips ÿ Precious Metal ÿ Base Metal ÿ Energy Pack ÿ Crude Intraday Tips ÿ Turmeric Tips ÿ Agri Commodity Price ÿ Equity Tips ÿ Commodity Tips ÿ Stock Tips ÿ Share Tips
  • 4. CapitalStars Financial Research Pvt., Ltd., 4 SEBI Registration Number: INA000001647 MCX Daily Report - 12 SEP 2017 Pick for the Day MCX Crude Oil Sep on Monday as seen in the daily chart opened at 3060 levels and day high of 3089 levels. During this period price corrected & made day low of 3010 levels finally closed at 3073 levels. Now, there are chances of further upside movement technically & fundamentally. ∑ Saudi Arabia, Opec's de facto leader and the world's largest exporter, said Sunday that the country’s energy minister Khalid al-Falih met with his Venezuelan and Kazakh counterparts to discuss an extension of Opec’s supply-cut agreement. ∑ The uptick in sentiment on oil prices comes against concerns that falling U.S. oil demand could weigh on crude futures in the wake of Hurricane Irma which made landfall in the U.S. over the weekend. "We believe that Irma will have a negative impact on oil demand but not on oil production or processing," Goldman Sachs (NYSE:GS) analysts said in a note. DAILY RECOMMENDATION: Buy MCX CRUDE OIL SEP AROUND 3060 LEVELS FOR TARGET OF T1 3110/T2 3130 WITH SL 2980 OF LEVELS.
  • 5. CapitalStars Financial Research Pvt., Ltd., 5 SEBI Registration Number: INA000001647 MCX Daily Report -12 SEP 2017 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. Capital stars 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