This Document is regarding Daily Mcx report.

1. CapitalStars Financial Research Pvt., Ltd.,
SEBI Registration Number: INA000001647
MCX Daily Report
News Highlights
25 Sep 2018
Gold Prices Lookto FedPolicy Meeting for Range Break Catalyst.
Gold prices continued to echo swings in the USDollar, with an inconclusive Monday sessionfor the latter echoed in
the former. Onbalance, lasting direction may not emerge until after Wednesday’sFOMCmonetary policy
announcement. In shaping the outlook for prevailing yields and the greenback, it will speakdirectly to the relative
appeal of non-interest-bearing and anti-fiat assetsepitomized by the yellow metal. Gold prices remain confined to
achoppy range below the August 28 high at 1214.30. Adaily close above that and falling trend resistanceat
1220.00 targets opens the door for another challenge of the 1235.24-41.64 area. Alternatively, abreak below the
range floor at 1183.28 – marked by the August 24 low– targets the swing bottom at 1160.37.
The US is on the cuspof implementing tariffs of 10% on $200 billion worth of Chinese goods.
While LME copper came off from earlier highs, it still stood above the 60-day moving average overnight. Global
visible inventories extended their declines last week with SHFE stocks down 23,500 mt to 111,000 mt. Such low
inventories could provide some support to copper prices. The SHFE1811 contract is likely to pull back in the short
term after it broke through the upper Bollinger band on Friday. Spot premiumsare seenat 80-130 yuan/mt.
Growing supplies amid an open import arbitrage window.
LME nickel plunged to $12,780/mt overnight before it hovered around $12,825/mt. We expect a weak performance
for the SHFE 1811 contract today given its weak LME counterpart and growing supplies amid an open import
arbitrage window. LME nickel is likely to hover around $12,850/mt today; the SHFE1811 contract is likely to trade
at 103,000-104,500 yuan/mt with spot prices at 103,500-110,000 yuan/mt.
Oil rises to within 4-year high as producers resist output increase to offset Iran sanctions.
Crude Oil benchmark Brent rose for a second day on Tuesday, remaining within range of a four-year high reached
during the previous session. Looming U.S. sanctions against Iran and the unwillingness or inability of the
Organization of the Petroleum Exporting Countries (OPEC) and top oil producer Russia to raise output to offset the
loss of Iranian supply have spurred prices higher. The United States from Nov. 4 will target Iran's oil exports with
sanctions, and Washington is putting pressure on governments and companies around the world to fall in line and
cut purchases from Tehran. While Britain, China, France, Germany, Russia and Iran on Tuesday said they were
determined to develop payment mechanisms to continue trading despite the sanctions by the United States, most
analysts expect Washington's actions to knock between 1 million and 1.5 million barrels per day (bpd) of crude oil
supplies out of markets. U.S. President Donald Trump has demanded that OPECand Russia increase their supplies
to makeup for the expected fall in Iranian exports. Iran is the third-largest producer in OPEC.

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SEBI Registration Number: INA000001647
MCX Daily Report 25 Sep 2018
CS ALUMINIUM(SEP) OVERVIEW:
TREND :SIDEWAYS
RESIST 2:151.00
RESIST 1:149.50
SUP 1:148.00
SUP 2:146.50
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Energies
CS CRUDE OIL (OCT)OVERVIEW: CS NATURAL GAS (SEP)OVERVIEW:
TREND :BULLISH TREND :BULLISH
RESIST 2:5350 RESIST 2:226.00
RESIST 1:5290 RESIST 1:223.50
SUP 1:5200 SUP 1:219.00
SUP 2:5150 SUP 2:216.00
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Precious Metals
CS GOLD (OCT)OVERVIEW: CS SILVER (DEC)OVERVIEW:
TREND :SIDEWAYS TREND :BULLISH
RESIST2:31050 RESIST2:37900
RESIST1:30950 RESIST1:37700
SUP1:30650 SUP 1:37400
SUP2:30550 SUP 2:37200
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Base Metals
CS COPPER (NOV)OVERVIEW: CS NICKEL (SEP)OVERVIEW:
TREND :BULLISH TREND :SIDEWAYS
RESIST2:465.00 RESIST 2:958.00
RESIST1:460.00 RESIST 1:948.00
SUP 1:454.00 SUP 1:932.00
SUP 2:450.00 SUP 2:925.00
WWW.CAPITALSTARS.COM +917440449744 WWW.CAPITALSTARS.COM +917440449744
CS ZINC (SEP)OVERVIEW: CS LEAD (SEP)OVERVIEW:
TREND :BULLISH TREND :BEARISH
RESIST2:186.50 RESIST 2:149.50
RESIST 1:184.50 RESIST 1:147.50
SUP 1:180.00 SUP 1:144.00
SUP 2:178.00 SUP 2:142.00
WWW.CAPITALSTARS.COM +917440449744 WWW.CAPITALSTARS.COM +917440449744

3. CapitalStars Financial Research Pvt., Ltd.,
SEBI Registration Number: INA000001647
MCX Daily Report 25 Sep 2018
Pick for theDAY
MCX CRUDE OCT on Monday as seen in the Daily chart opened at 5150 levels and
made day High of 5307 levels. During this period Crude low is 5150 levels and finally
closed at 5273 levels. Now, there are chances of up movement technically &
fundamentally.
 CrudeOil benchmark Brent rose for asecondday on Tuesday, remainingwithin
range of afour-year high reached during theprevious session
 Looming U.S. sanctions against Iran and the unwillingness or inability of the
Organization of the Petroleum Exporting Countries (OPEC) and top oil producer
Russiato raise output to offset the loss of Iranian supply have spurred prices higher.
DAILY RECOMMENDATION: BUY MCX CRUDE OCTABOVE5270LEVELSFOR
TARGETOF 5310/5350WITH SL5220OFLEVELS.

4. CapitalStars Financial Research Pvt., Ltd.,
SEBI Registration Number: INA000001647
MCX Daily Report 25 Sep 2018
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