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1. CapitalStars Financial Research Pvt., Ltd.,
SEBI Registration Number: INA000001647
MCX Daily Report 30TH
JULY 2019
1
News Highlights
BULLION - Bullion counter may trade on mixed path. Gold prices eased on Tuesday as the
dollar held near multi-month highs, while investors awaited outcome of a two-day U.S.
Federal Reserve policy meeting, where the central bank is widely expected to reduce interest
rates. The dollar was up 0.1%, hovering near a two-month high hit in the previous session,
making gold expensive for holder of other currencies. The U.S. Fed begins a two-day policy
meeting later on Tuesday, at which it is widely expected to lower interest rates by 25 basis
points. If implemented, it would be the central bank’s first rate cut in a decade. Japan’s central
bank is expected to keep monetary policy on hold at a meeting ending later on Tuesday, but
some investors say there is a chance Japan’s central bank could change its forward guidance
to reassure traders that rates will remain low.
ENERGY- Crude oil may trade on positive path as oil prices extended overnight gains on
Tuesday amid widespread expectations the U.S. Federal Reserve will cut interest rates for the
first time in more than a decade this week. U.S. central bankers will begin their twoday
meeting later in the day and are expected to lower borrowing costs for the first time since the
depths of the financial crisis more than a decade ago. U.S. President Donald Trump said a
small rate cut “is not enough. Economic growth in the United States slowed less than
expected in the second quarter, strengthening the outlook for oil consumption but,
elsewhere, disappointing economic data has increased concerns about slower growth. Supply
risks are still a concern as tensions remained high around the Strait of Hormuz, through which
about a fifth of the world’s oil passes. Tensions spiked between Iran and the West after
Iranian commandos seized a British-flagged oil tanker in the Gulf this month in apparent
retaliation for the capture of an Iranian tanker by British forces near Gibraltar.
BASE METAL - Base metals may trade on sideways path. Industrial metals traded in tight
ranges on Tuesday as investors exercised caution ahead of planned U.S.-China trade talks and
a two-day U.S. Federal Reserve meeting starting later today. Meanwhile, U.S. and Chinese
officials are due to meet on Tuesday in Shanghai for talks on a year-long trade dispute that
has weighed on global economic growth and demand for industrial metals. Expectations for
progress at the U.S.-China trade meeting are low, so officials and businesses are hoping
Washington and Beijing can at least detail commitments for “goodwill” gestures and clear the
path for future negotiations. Steel futures in China slumped to their lowest in five weeks on
Monday ahead of the lifting of intensified production restrictions in the nation's top
steelmaking city of Tangshan.

2. CapitalStars Financial Research Pvt., Ltd.,
SEBI Registration Number: INA000001647
MCX Daily Report 30TH
JULY 2019
2
CS GOLD (AUG) OVERVIEW:
TREND : SIDEWAYS
RESIST 2: 35200
RESIST 1: 35000
SUP 1: 34600
SUP 2: 34400
WWW.CAPITALSTARS.COM +919977499927
CS SILVER (SEP) OVERVIEW:
TREND : SIDEWAYS
RESIST 2: 41600
RESIST 1: 41400
SUP 1: 41000
SUP 2: 40900
WWW.CAPITALSTARS.COM +919977499927
Base Metals
CS COPPER (AUG) OVERVIEW:
TREND : SIDEWAYS
RESIST 2: 458.00
RESIST 1: 455.00
SUP 1: 450.00
SUP 2: 445.00
WWW.CAPITALSTARS.COM +919977499927
CS NICKEL (AUG) OVERVIEW:
TREND : SIDEWAYS
RESIST 2: 1020.00
RESIST 1: 1010.00
SUP 1: 990.00
SUP 2: 980.00
WWW.CAPITALSTARS.COM +919977499927
CS ZINC (AUG) OVERVIEW:
TREND : SIDEWAYS
RESIST 2: 196.00
RESIST 1: 195.00
SUP 1: 193.00
SUP 2: 192.00
WWW.CAPITALSTARS.COM +919977499927
CS LEAD (AUG) OVERVIEW:
TREND : SIDEWAYS
RESIST 2: 158.00
RESIST 1: 157.00
SUP 1: 155.00
SUP 2: 154.00
WWW.CAPITALSTARS.COM +919977499927
CS ALUMINIUM (AUG) OVERVIEW:
TREND : BEARISH
RESIST 2: 143.00
RESIST 1: 142.00
SUP 1: 140.00
SUP 2: 139.00
WWW.CAPITALSTARS.COM +919977499927
Energy
CS CRUDE OIL (AUG) OVERVIEW:
TREND : SIDEWAYS
RESIST 2: 4000
RESIST 1:3960
SUP 1: 3890
SUP 2: 3850
WWW.CAPITALSTARS.COM +919977499927
CS NATURAL GAS (JUL) OVERVIEW:
TREND : BEARISH
RESIST 2: 150.00
RESIST 1: 148.00
SUP 1: 144.00
SUP 2: 143.00
WWW.CAPITALSTARS.COM +919977499927
Precious Metals

3. CapitalStars Financial Research Pvt., Ltd.,
SEBI Registration Number: INA000001647
MCX Daily Report 30TH
JULY 2019
3
Pick for the DAY
MCX ALUMINIUM AUG on MONDAY as seen in the Daily chart opened at 141.75 levels and
made day low of 140.55 Levels. During this period ALUMINIUM AUG High is 141.90 levels
and finally closed at 141.55 levels. Now, there are chances of down movement technically &
fundamentally.
DAILY RECOMMENDATION: SELL MCX ALUMINIUM AUG BELOW 141.60 LEVELS FOR
TARGET OF 140.60/139.60 WITH SL 142.60 OF LEVELS.

4. CapitalStars Financial Research Pvt., Ltd.,
SEBI Registration Number: INA000001647
MCX Daily Report 30TH
JULY 2019
4
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