This Document is regarding Daily Mcx Report.

1. CapitalStars Financial Research Pvt., Ltd., 1
SEBI Registration Number: INA000001647
MCX Daily Report 21 Sep 2018
News Highlights
Gold prices inch up as dollar eases despite trade dispute.
Gold prices edged higher on Friday to a one-week high as the dollar weakened on receding fears of a
full-blown Sino-U.S. trade war, with the yellow metal heading for its first weekly gain in four. Spot gold
inched up 0.2 percent to $1,209.38, after touching its highest since Sept. 13 at $1,210.01. It has risen
1.3 percent so far this week. U.S. gold futures were up
0.3 percent at $1,214.30 an ounce. Investors are awaiting next week’s Federal Reserve meeting. The
U.S. central bank is widely expected to raise benchmark interest rates and shed light on the path for
future rate hikes. All 113 economists in the Reuters poll forecast the Fed would raise rates when it
meets Sept. 25-
26. It is expected to follow that up with one more before the end of this year, taking the fed funds
rate to 2.25-2.50 percent.
The US is on the cusp of implementing tariffs of 10% on $200 billion worth of Chinese goods.
London copper rose on Friday and was on track to post its biggest weekly advance in four weeks as
investors viewed that trade tariffs would have a softer impact to global growth than earlier feared.
London Metal Exchange copper rose 1 percent to $6,140 a tonne, up nearly 3 percent this week and
close to its highest in more than one month. Shanghai Futures Exchange copper edged up 0.1 percent
to 49,510 yuan ($7,235) a tonne.
LME counterpart with pressure from continued inflow of imports.
A softened US dollar buoyed LME nickel and the SHFE 1811 contract overnight, but the contract
rose slower than its LME counterpart with pressure from continued inflow of imports. We expect
LME nickel to consolidate around $12,600/mt today with the 1811 contract trading at 103,000-
104,500 yuan/mt. Spot prices are set at 103,300-109,500 yuan/mt today.
Oil prices eased on Friday, pulling back after U.S. President Donald Trump urged OPEC to increase
production.
Oil prices eased on Friday, pulling back after U.S. President Donald Trump urged OPEC to increase
production at its meeting in Algeria, and slowing bullish momentum that had previously propelled the
market toward four-year highs. Brent crude oil settled down 78 cents at $78.70 a barrel. U.S. light crude
was down 32 cents to settle at $70.80 a barrel after rising nearly 2 percent on Wednesday. Global
benchmark Brent has been trading just below $80 a barrel, near its highest level in almost four years, on
expectations that U.S. sanctions against Iran, OPEC’s third biggest producer, will reduce global supply.

2. CapitalStars Financial Research Pvt., Ltd.,
SEBI Registration Number: INA000001647
MCX Daily Report 21 Sep 2018
Precious Metals
CS GOLD (OCT) OVERVIEW:
TREND : BERAISH
RESIST 2: 30950
RESIST 1: 30850
SUP 1:30650
SUP 2:30550
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CS SILVER (DEC) OVERVIEW:
TREND : BULLISH RESIST
2: 37900
RESIST 1: 37700
SUP 1: 37300
SUP 2: 37100
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Base Metals
CS COPPER (NOV) OVERVIEW:
TREND : BULLISH RESIST
2:454.00
RESIST 1:448.00
SUP 1: 438.00
SUP 2: 433.00
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CS NICKEL (SEP) OVERVIEW:
TREND : SIDEWAYS
RESIST 2: 930.00
RESIST 1: 924.00
SUP 1: 910.00
SUP 2: 902.00
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CS ZINC (SEP) OVERVIEW:
TREND : BULLISH
RESIST 2:180.50
RESIST 1: 178.50
SUP 1: 174.00
SUP 2: 172.00
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CS LEAD (SEP) OVERVIEW:
TREND : BEARISH
RESIST 2: 149.50
RESIST 1: 147.50
SUP 1: 144.00
SUP 2: 142.00
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CS ALUMINIUM (SEP) OVERVIEW:
TREND : SIDEWAYS RESIST
2: 149.00
RESIST 1: 148.00
SUP 1: 147.00
SUP 2: 145.50
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Energies
CS CRUDE OIL (OCT) OVERVIEW:
TREND : SIDEWAYS
RESIST 2: 5120
RESIST 1: 5080
SUP 1: 5000
SUP 2: 4960
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CS NATURAL GAS (SEP) OVERVIEW:
TREND : SIDEWAYS
RESIST 2: 216.00
RESIST 1: 214.50
SUP 1: 211.00
SUP 2: 209.00
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4. CapitalStars Financial Research Pvt., Ltd., 3
SEBI Registration Number: INA000001647
MCX Daily Report 21 Sep 2018
Pick for the DAY
MCX GOLD OCT on Thursday as seen in the Daily chart opened at 30600
levels and made day Low of 30562 levels. During this period Gold came up to
30670 levels and finally closed at 30599 levels.
Now, there are chances of down movement technically
& fundamentally.
Gold prices edged higher on Friday to a one-week high as the dollar weakened
on receding fears of a full-blown Sino-U.S. trade war, with the yellow metal
heading for its first weekly gain in four.
The U.S. central bank is widely expected to raise benchmark interest
rates and shed light on the path for future rate hikes.
DAILY RECOMMENDATION: SELL MCX GOLD OCT ABOVE 30700
LEVELS FOR TARGET OF 30600/30500 WITH SL 30800 OF LEVELS.

5. CapitalStars Financial Research Pvt., Ltd., 4
SEBI Registration Number: INA000001647
MCX Daily Report 21 Sep 2018
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