Solan Call Girl Just Call 8084732287 Top Class Call Girl Service Available
Mcx daily report 5 sept
1. CapitalStars Financial Research Pvt., Ltd., 1
SEBI Registration Number: INA000001647
MCX Daily Report 05 Sep 2018
News Highlights
Gold review: Greeenback remains the focal point.
The metal's biggest nemesis - the US dollar - picked up a bid yesterday, possibly due to a rise in the 10-
year treasury yield to a three-week high of 2.90 percent. The USD exchange rate, as represented by the
dollar index, clocked a
14-day high of 95.74 yesterday, and was last seen trading at 95.29. The pullback from the highs seen
yesterday has likely helped the yellow metal recover from $1,190 to $1,194. The data, due for release this
Friday, is expected to show the average hourly earnings rose 2.8 percent year-on-year in August,
following a 2.7 percent rise in July.
Market worries over US-Sino trade conflicts and a stronger US dollar accounted for the losses.
As the US dollar gained on support from strong US ISM manufacturing data, the SHFE 1811 contract lost
650 yuan/mt to close at 46,940 yuan/mt. LME copper slumped to test support at the $5,800/mt level, and
dipped to approach the Bollinger lower band. Market worries over US-Sino trade conflicts and a stronger
US dollar accounted for the losses. With potential fresh tariffs from the US on $200 billion worth of
Chinese goods, longs should remain cautious when they enter the market today. Spot premiums are likely
at 150-200 yuan/mt today.
Market concerns over a trade war and a surge in supplies also weighed on the contract.
LME nickel slumped to a low of $12,375/mt as the US dollar gained. It closed at $12,490/mt and LME
stock lost 510 mt to 237,984 mt. The SHFE 1811 contract received support at the 102,000 yuan/mt level
after it tumbled to a low of 102,010 yuan/mt as shorts added. Market concerns over a trade war and a
surge in supplies also weighed on the contract. We expect LME nickel to hover weakly around
$12,500/mt, and the SHFE contract at 102,000-103,500 yuan/mt today. Spot prices are set at 102,500-
108,000 yuan/mt.
Oil dips as U.S. storm threat eases; Iran sanctions loom.
Oil prices fell on Wednesday, partly reversing a strong jump from the previous day, as the impact of a
tropical storm on U.S. Gulf coast production was not as strong as initially expected. Prices jumped the
previous day as dozens of U.S. oil and gas platforms in the Gulf of Mexico were shut in anticipation of
tropical storm Gordon hitting the region. But the storm was shifting eastward late on Tuesday, reducing its
threat to producers on the western side of the Gulf and most Gulf Coast refineries. Innes, head of trading
for Asia/Pacific at futures brokerage OANDA, said many crude futures traders were "caught long and
wrong over the past 24 hours due to tropical storm buying frenzy", adding that "prices pulled back
considerably as the magnitude of the storm suggests production losses will be limited."
4. CapitalStars Financial Research Pvt., Ltd., 3
SEBI Registration Number: INA000001647
MCX Daily Report 05 Sep 2018
Pick for the DAY
MCX NICKEL SEP on Tuesday as seen in the Daily chart opened at
909.80 levels and made day Low of 887.10 levels. During this period NICKEL
came up to 91.40 levels and finally closed at 891.90 levels.
Now, there are chances of down movement technically
& fundamentally.
Pressure will remain in the short run after large amounts of Norilsk nickel
entered the domestic market.
Nickel slowed its decline by 0.12%, hovered around the daily moving
average and closed at $12,795/mt.
DAILY RECOMMENDATION: SELL MCX NICKEL SEP BELOW 891
LEVELS FOR TARGET OF 880/875 WITH SL 902 OF LEVELS.
5. CapitalStars Financial Research Pvt., Ltd., 4
SEBI Registration Number: INA000001647
MCX Daily Report 05 Sep 2018
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.
Capitalstars Financial Research Private Ltd., Reserves all Rights.
CONTACT US
BRANCH OFFICE
Capitalstars Financial Research Private Limited Forex
Trading Tips Stock Market Tips Share
Tips Expert
PLOT NO.32, MECHANIC NAGAR EXTENSION, IDA SCHEME NO.54, VIJAYNAGAR INDORE
REGISTERED OFFICE
PLOT NO.12, SCHEME NO.78 PART-II, VIJAY NAGAR, INDORE
Email :- backoffice@capiltalstars.in