CapitalStars Financial Research Private Limited is an advisory company incepted with a vision of providing fair and accurate trading and investment calls in share and commodity market.

1. CapitalStars Financial Research Pvt., Ltd.,
SEBI Registration Number: INA000001647
MCX Daily Report 31ST
JULY 2019
1
News Highlights
BULLION - Bullion counter may trade on mixed path as gold was mostly unchanged in early
Asian trade on Wednesday as investors awaited the outcome of a U.S. Federal Reserve
meeting at which policymakers are expected to cut interest rates for the first time since the
financial crisis. Investors are bracing for the Fed's policy announcement due later in the day,
for which markets have already fully priced in a quarter of a percentage point rate cut.
Markets will also be watching for guidance on whether the Federal Open Market Committee's
expected move is a one-time cut or the beginning of a rate-cutting cycle. U.S. President
Donald Trump reiterated his call for the Fed to make a large interest rate cut, saying he was
disappointed in the U.S. central bank and that it had put him at a disadvantage by not acting
sooner. Trump warned China against waiting out his presidency before finalizing a trade deal,
saying if he wins re-election in November 2020, the outcome could be no agreement or a
harsher one.
ENERGY- Crude oil may trade on positive path as oil prices rose for a fifth day on Wednesday,
buoyed by a bigger than expected drop in U.S. inventories and as investors awaited a widely
expected cut in interest rates by the Federal Reserve, the first in more than 10 years. Still U.S.
inventories have been falling in recent weeks suggesting demand concerns are overstated.
Stocks fell again last week, along with gasoline and distillate inventories, data from industry
group the American Petroleum Institute (API) showed on Tuesday. Distillate fuels stockpiles,
which include diesel and heating oil, fell by 890,000 barrels, compared with expectations for a
1 million-barrel gain, the API data showed. Total crude stockpiles, however, would still be
about 3% higher than the average for the five years between 2014-2018 average for this time
of year.
BASE METAL - Base metals may trade on sideways path. U.S. President Donald Trump on
Tuesday warned China against waiting out his first term to finalise any trade deal, saying if he
wins re-election in the November 2020 U.S. presidential contest, the outcome will be worse
for China. China’s factory activity shrank for the third straight month in July, an official survey
showed on Wednesday, underlining the need for more stimulus to support an economy hit
hard by the bruising trade war with the United States. Copper prices in London were steady
on Wednesday ahead of a rate decision by the U.S. Federal Reserve, but were on track to fall
this month amid slowing growth from top consumer China. About 18,000 tonnes of lead are
expected to be off the market as Korea Zinc is carrying out maintenance at a lead refinery
until late August, but the company had secured inventories ahead of the maintenance.

2. CapitalStars Financial Research Pvt., Ltd.,
SEBI Registration Number: INA000001647
MCX Daily Report 31ST
JULY 2019
2
CS GOLD (OCT) OVERVIEW:
TREND : SIDEWAYS
RESIST 2: 35700
RESIST 1: 35500
SUP 1: 35000
SUP 2: 34700
WWW.CAPITALSTARS.COM +919977499927
CS SILVER (SEP) OVERVIEW:
TREND : SIDEWAYS
RESIST 2: 41900
RESIST 1: 41600
SUP 1: 41100
SUP 2: 40900
WWW.CAPITALSTARS.COM +919977499927
Base Metals
CS COPPER (AUG) OVERVIEW:
TREND : SIDEWAYS
RESIST 2: 454.00
RESIST 1: 450.00
SUP 1: 444.00
SUP 2: 440.00
WWW.CAPITALSTARS.COM +919977499927
CS NICKEL (AUG) OVERVIEW:
TREND : SIDEWAYS
RESIST 2: 1030.00
RESIST 1: 1015.00
SUP 1: 990.00
SUP 2: 980.00
WWW.CAPITALSTARS.COM +919977499927
CS ZINC (AUG) OVERVIEW:
TREND : SIDEWAYS
RESIST 2: 195.00
RESIST 1: 193.00
SUP 1: 191.00
SUP 2: 190.00
WWW.CAPITALSTARS.COM +919977499927
CS LEAD (AUG) OVERVIEW:
TREND : SIDEWAYS
RESIST 2: 155.00
RESIST 1: 154.00
SUP 1: 152.00
SUP 2: 151.00
WWW.CAPITALSTARS.COM +919977499927
CS ALUMINIUM (AUG) OVERVIEW:
TREND : BEARISH
RESIST 2: 144.00
RESIST 1: 143.00
SUP 1: 141.00
SUP 2: 139.00
WWW.CAPITALSTARS.COM +919977499927
Energy
CS CRUDE OIL (AUG) OVERVIEW:
TREND : SIDEWAYS
RESIST 2: 4100
RESIST 1:4050
SUP 1: 3970
SUP 2: 3900
WWW.CAPITALSTARS.COM +919977499927
CS NATURAL GAS (JUL) OVERVIEW:
TREND : BEARISH
RESIST 2: 151.00
RESIST 1: 149.00
SUP 1: 147.00
SUP 2: 146.00
WWW.CAPITALSTARS.COM +919977499927
Precious Metals

3. CapitalStars Financial Research Pvt., Ltd.,
SEBI Registration Number: INA000001647
MCX Daily Report 31ST
JULY 2019
3
Pick for the DAY
MCX GOLD OCT on TUESDAY as seen in the Daily chart opened at 35410.00 levels and made
day low of 35170.00 Levels. During this period GOLD OCT High is 35590.00 levels and finally
closed at 35403.00 levels. Now, there are chances of down movement technically &
fundamentally.
DAILY RECOMMENDATION: SELL MCX GOLD OCT BELOW 35340 LEVELS FOR TARGET
OF 35240/35140 WITH SL 35440 OF LEVELS.

4. CapitalStars Financial Research Pvt., Ltd.,
SEBI Registration Number: INA000001647
MCX Daily Report 31ST
JULY 2019
4
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.
BRANCH OFFICE
Capitalstars Financial Research Private Limited
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@capitalstars.com
CONTACT US:- 9039012727/9977499927
Report Is Checked By Investment Advisor:
CONTACT US