This Document is regarding Daily MCX report.

1. CapitalStars Financial Research Pvt., Ltd., 1
SEBI Registration Number: INA000001647
MCX Daily Report 10Aug 2018
News Highlights
Gold prices buoyed by global political tensions.
Gold prices held broadly steady early on Friday after dipping the session before, drawing
some support from global political tensions and a slightly weaker dollarNSE -0.88 %
against the yen. Japan economy expanded at an annualised rate of 1.9 per cent in April-
June, bouncing back from a contraction in the previous quarter, government data showed
on Friday, in a sign its recovery momentum remained intact. The US economy is
performing "very well" with continued
growth clearing the way for one or two more interest rate hikes in 2018, Chicago Federal Reserve Bank
President Charles Evans said on Thursday in an interview in which he dismissed earlier worries about weak
inflation.
Copper prices came off from early highs overnight as market sentiment was depressed by the
strengthening dollar.
Copper prices came off from early highs overnight as market sentiment was
depressed by the strengthening dollar. LME copper hit the $6,300/mt level but closed
near $6,200/mt; the SHFE 1810 contract jumped past the 50,000 yuan/mt level but
closed near 49,850 yuan/mt. We expect copper prices to rise in the short term, but
the upward room would be limited. LME copper is likely to trade at $6,180-6,240/mt
today and the SHFE 1810 contract at 49,600-50,100 yuan/mt. Spot premiums are
seen lower at 10- 50 yuan/mt..
Nickel fell sharply to a low of $13,845/mt on a strengthened US dollar.
LME nickel fell sharply to a low of $13,845/mt on a strengthened US dollar. It closed over 1% lower from
Wednesday at $13,905/mt. We see it hovering around $13,800/mt today with continued pressure at the 40-day
moving average today. The SHFE 1811 contract diverged gradually from the daily moving average to a low of
113,340 yuan/mt. It then stopped falling and closed at 113,770 yuan/mt. Limited upward momentum is seen for
the contract, which is likely to trade at 113,000-114,500 yuan/mt today. Spot prices are set at 112,800-115,000
yuan/mt.
Oil edges up on Iran sanctions tightening supply, but trade spat weighs.
Oil prices on Friday edged up on worries that reimposed U.S. sanctions against Iran would tighten supplies,
although the escalating trade dispute between Washington and Beijing held markets back from further gains.
Despite the possibility of a slowdown in economic growth due to escalating trade tensions, oil markets are for
now relatively tight, analysts said, mostly because of sanctions on Iranian oil exports the United States plan to
implement in November. many other powers, including the European Union and major Asian buyers such as
China and India oppose sanctions, many are expected to bow to American pressure. On a weekly basis, Brent
is set for a
1.5 to 2 percent fall, while WTI is heading for a drop of around 2.5 percent.

2. CapitalStars Financial Research Pvt., Ltd.,
SEBI Registration Number: INA000001647
MCX Daily Report 10Aug 2018
Precious Metals
CS GOLD (OCT) OVERVIEW:
TREND : SIDEWAYS
RESIST 2: 29810
RESIST 1: 29730
SUP 1: 29590
SUP 2: 29480
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CS SILVER (SEP) OVERVIEW:
TREND : SIDEWAYS
RESIST 2: 38370
RESIST 1: 38200
SUP 1: 37940
SUP 2: 37800
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Base Metals
CS COPPER (AUG) OVERVIEW:
TREND : SIDEWAYS
RESIST 2: 430.00
RESIST 1: 426.00
SUP 1: 418.00
SUP 2: 415.00
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CS NICKEL (AUG) OVERVIEW:
TREND : BULLISH RESIST
2: 976.00
RESIST 1: 964.00
SUP 1: 945.00
SUP 2: 938.00
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CS ZINC (AUG) OVERVIEW:
TREND : BEARISH
RESIST 2: 186.00
RESIST 1: 184.00
SUP 1: 179.00
SUP 2: 177.00
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CS LEAD (AUG) OVERVIEW:
TREND : SIDEWAYS
RESIST 2: 150.00
RESIST 1: 147.50
SUP 1: 143.50
SUP 2: 141.50
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CS ALUMINIUM (AUG) OVERVIEW:
TREND : BULLISH
RESIST 2: 148.50
RESIST 1: 146.50
SUP 1: 140.50
SUP 2: 138.50
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Energies
CS CRUDE OIL (AUG) OVERVIEW:
TREND : BEARISH
RESIST 2: 4670
RESIST 1: 4640
SUP 1: 4570
SUP 2: 4530
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CS NATURAL GAS (AUG) OVERVIEW:
TREND : BULLISH
RESIST 2: 205.00
RESIST 1: 204.00
SUP 1: 202.00
SUP 2: 201.00
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4. CapitalStars Financial Research Pvt., Ltd., 3
SEBI Registration Number: INA000001647
MCX Daily Report 10Aug 2018
Pick for the DAY
MCX CRUDE AUG on Thursday as seen in the Daily chart opened at 4585
levels and made day low of 4566 levels. During this period crude came up to
4635 levels and finally closed at 4602 levels. Now, there are chances of down
movement technically & fundamentally.
Oil prices on Friday edged up on worries that reimposed U.S. sanctions
against Iran would tighten supplies, although the escalating trade dispute
between Washington and Beijing held markets back from further gains.
On a weekly basis, Brent is set for a 1.5 to 2 percent fall, while WTI is
heading for a drop of around 2.5 percent.
DAILY RECOMMENDATION: SELL MCX CRUDE OIL AUG BELOW 4600
LEVELS FOR TARGET OF 4560/4520 WITH SL 4675 OF LEVELS

5. CapitalStars Financial Research Pvt., Ltd., 4
SEBI Registration Number: INA000001647
MCX Daily Report 10Aug 2018
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