this Document Is Regarding Daily MCX Report.

1. CapitalStars Financial Research Pvt., Ltd., 1
SEBI Registration Number: INA000001647
MCX Daily Report 28 Aug 2018
News Highlights
Gold demand may fall in flood-hit Kerala.
Expenditure on gold jewellery in Kerala is the highest in the country. But the robust demand has been
affected by the floods. Rajesh Bhayani reports. In flood-hit areas, the first priority is rehabilitation and gold
could be the best asset to encash. There is also a possibility of default on loan against gold pledged by
poor and middle class people in the time of crisis like this. So far as gold loans are concerned, companies
providing these loans and the banks are thinking of recovering default amounts by selling the gold
pledged to them as collateral, but under the present circumstances, the recovery is looking impossible.
There is possibility of large-scale defaults in repayment and pledged stock could come for auction
augmenting the supply of gold.
Copper will continue to run bullish in short period
A weaker US dollar and improved market sentiment are expected to continue to buoy copper prices in the
short run. With support from fundamentals, the SHFE 1810 contract opened at highs of 48,850 yuan/mt. It
closed at 48,710 yuan/mt overnight with a trading range forecasted at 48,600-49,000 yuan/mt today. A
surging Chinese yuan is likely to drive LME copper to outperform the contract today. LME copper is seen
trading at $6,075-6,130/mt today. We expect spot premiums to extend their decline to 20-80 yuan/mt as
traders destocked.
Low inventories in Nickel may continue to booster prices..
As shorts left and longs increased, the SHFE 1811 contract broke resistance at the 109,000 yuan/mt level
overnight and closed at 108,880 yuan/mt. Current low inventories may continue to bolster prices, with
support expected at the 108,000 yuan/mt level. The contract is likely to trade between 108,000-109,500
yuan/mt today, with LME nickel hovering around
$13,300/mt. Spot prices is likely to stand at 108,000-110,500 yuan/mt.
Oil prices edge up on supply disruption worries.
Oil prices rose on Tuesday as risks of supply disruptions from places such as Venezuela, Africa and Iran
triggered expectations of a tightening market. International Brent crude oil futures LCOc1 were at $76.37
per barrel at 0215 GMT, up 16 cents, or 0.2 percent, from their last close. U.S. West Texas Intermediate
(WTI) crude futures CLc1 were up 9 cents, or
0.1 percent, at $68.96 a barrel. Despite some concerns about an economic slowdown because of the
U.S.-China trade conflict, crude supplies are relatively tight due to disruptions as well as voluntary
restraints on output by the Organization of the Petroleum Exporting Countries (OPEC).

2. Precious Metals

3. CapitalStars Financial Research Pvt., Ltd.,
SEBI Registration Number: INA000001647
MCX Daily Report 28 Aug 2018
CS GOLD (OCT) OVERVIEW:
TREND : BULLISH
RESIST 2: 30250
RESIST 1: 30150
SUP 1:29850
SUP 2:29700
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CS SILVER (SEP) OVERVIEW:
TREND : BULLISH
RESIST 2: 37700
RESIST 1: 37450
SUP 1: 36800
SUP 2: 36600
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Base Metals
CS COPPER (AUG) OVERVIEW: CS NICKEL (AUG) OVERVIEW:
TREND : BULLISH TREND : SIDEWAYS
RESIST 2:429.00 RESIST 2: 945.00
RESIST 1:424.00 RESIST 1: 939.00
SUP 1: 416.00 SUP 1: 928.00
SUP 2: 410.00 SUP 2: 922.00
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CS ZINC (AUG) OVERVIEW: CS LEAD (AUG) OVERVIEW:
TREND : SIDEWAYS TREND : BEARISH
RESIST 2:181.50 RESIST 2: 148.50
RESIST 1: 179.50 RESIST 1: 146.00
SUP 1: 176.00 SUP 1: 139.00
SUP 2: 174.00 SUP 2: 137.50
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CS ALUMINIUM (AUG) OVERVIEW:
TREND : BULLISH
RESIST 2: 148.00
RESIST 1: 146.50
SUP 1: 140.00
SUP 2: 138.50
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Energies
CS CRUDE OIL (SEP) OVERVIEW:
TREND : BULLISH
RESIST 2: 4910
RESIST 1: 4860
SUP 1: 4800
SUP 2: 4750
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CS NATURAL GAS (AUG) OVERVIEW:
TREND : SIDEWAYS
RESIST 2: 208.00
RESIST 1: 206.50
SUP 1: 203.50
SUP 2: 201.00
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5. CapitalStars Financial Research Pvt., Ltd., 3
SEBI Registration Number: INA000001647
MCX Daily Report 28 Aug 2018
Pick for the DAY
MCX CRUDE SEP on Monday as seen in the Daily chart opened at 4804 levels and made
day High of 4838 levels. During this period Crude came down to 4797 levels and finally
closed at 4825 levels. Now, there are chances of up movement technically & fundamentally.
Despite some concerns about an economic slowdown because of the U.S.-China trade
conflict, crude supplies are relatively tight due to disruptions as well as voluntary restraints
on output by the Organization of the Petroleum Exporting Countries (OPEC).
Oil prices rose on Tuesday as risks of supply disruptions from places such as
Venezuela, Africa and Iran triggered expectations of a tightening market.
DAILY RECOMMENDATION: BUY MCX CRUDE OCT 4827 LEVELS
FOR TARGET OF 4845/4860 WITH SL 4795 OF LEVELS.

6. CapitalStars Financial Research Pvt., Ltd., 4
SEBI Registration Number: INA000001647
MCX Daily Report 28 Aug 2018
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