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CapitalStars Financial Research Pvt., Ltd., 1
SEBI Registration Number: INA000001647
MCX Daily Report 08TH
MAR 2019
News Highlights
BULLION - Bullion counter may trade sideways path as gold held steady on Friday as risk appetite faded
after the European Central Bank cut its growth forecasts and launched an emergency round of policy
stimulus, while a strong dollar capped gains ahead of U.S. nonfarm payrolls data. Gold can take support
near 31800 while it can face resistance near 32200. Silver can take support near 37900 while facing
resistance near 38300. The ECB changed track on its tightening plan on Thursday, pushing out the timing
of its first post-crisis rate hike until 2020 at the earliest and offering banks a new round of cheap loans to
help revive the euro zone economy. U.S. President Donald Trump is open to additional talks with
Pyongyang over denuclearization, his national security adviser said on Thursday, despite reports that
North Korea is reactivating parts of its missile program. China’s gold reserves rose slightly to $79.498
billion in February from $79.319 billion at the end of January, as the central bank increased the total
amount of gold reserves to 60.260 million fine troy ounces from 59.940 million troy ounces.
ENERGY-
Crude oil may open on negative note as oil prices fell on Friday after the European Central Bank (ECB)
warned economic weakness would continue and as U.S. crude output and exports chase new records,
undermining efforts by producer club OPEC to tighten global markets. Crude oil can test 3920 while facing
resistance near 4000. Financial markets, including crude oil futures, took a hit after ECB President Mario
Draghi said on Thursday the economy was in “a period of continued weakness and pervasive uncertainty”.
Europe’s economic weakness comes as growth in Asia is also slowing down. On the supply side, prices
have been receiving support this year from output cuts led by the Organization of the Petroleum
Exporting Countries (OPEC). Together with some non-affiliated producers like Russia, the producer group
has pledged to withhold around 1.2 million barrels per day (bpd) of supply to tighten markets and prop up
prices. Natural gas may take support near 197 while taking facing resistance near 204 in MCX.
BASE METAL -
Base metals prices may trade with sideways bias. China’s decision to increase its budget deficit ratio to 2.8
percent this year from 2.6 percent in 2018 is appropriate for the economy, and leaves room for
policymakers to manoeuvre. Copper may take support near 450 while facing resistance near 458 in MCX
.London copper prices were little changed on Friday with the market set for a weekly decline, as rising
inventories and a drop in the premium for directly available metal signalled easing supply squeeze.
Inventories in LME-registered warehouses rose to 120,075 tonnes from 116,872 tonnes on Wednesday,
the lowest since 2008. Optimism over the ability of a potential U.S.-China trade deal and Chinese
economic stimulus to push prices higher is fading. Zinc can test 191 while facing resistance near 195. Lead
can dip further towards 145. Nickel can also test 915 while facing resistance near 930. Aluminum prices
may trade in range of 143-145. Rusal, the world’s largest aluminium producer outside China, said on
Thursday its business was back to normal after U.S. sanctions were lifted in January, and reiterated a
positive outlook for the global aluminium market.
CapitalStars Financial Research Pvt., Ltd., 2
SEBI Registration Number: INA000001647
MCX Daily Report 08TH
MAR 2019
Precious Metals
TREND : BEARISH TREND : BEARISH
SUP 1:31800
SUP 2:31700
WWW.CAPITALSTARS.COM +919977499927 WWW.CAPITALSTARS.COM +919977499927
Base Metals
CS COPPER (APR) OVERVIEW:
TREND : SIDEWAYS TREND : BULLISH
RESIST 2:457.00 RESIST 2: 960.00
RESIST 1:455.00 RESIST 1: 943.00
SUP 1: 452.00 SUP 1: 913.00
SUP 2: 450.00 SUP 2: 900.00
CS ZINC (MAR) OVERVIEW: CS LEAD (MAR) OVERVIEW:
TREND : SIDEWAYS TREND : BEARISH
RESIST 2:198.00 RESIST 2: 149.00
RESIST 1:195.00 RESIST 1: 148.00
SUP 1: 191.00 SUP 1: 146.00
SUP 2: 190.00 SUP 2: 145.00
CS ALUMINIUM (MAR) OVERVIEW:
TREND : BULLISH
RESIST 2: 146.00
RESIST 1: 145.00
SUP 1: 143.00
SUP 2: 142.00
WWW.CAPITALSTARS.COM +919977499927
Energy
TREND : SIDEWAYS TREND : SIDEWAYS
CapitalStars Financial Research Pvt., Ltd., 3
SEBI Registration Number: INA000001647
MCX Daily Report 08TH
MAR 2019
Pick for the DAY
MCX NICKEL MAR on THRUSDAY as seen in the Daily chart opened at 947.00 levels and
made day low of 917.50 Levels. During this period NICKEL MAR High is 947.00 levels and
finally closed at 926.50 levels. Now, there are chances of down movement technically &
fundamentally.
DAILY RECOMMENDATION: SELL MCX NICKEL MAR BELOW 921 LEVELS FOR TARGET OF
911/900 WITH SL 935 OF LEVELS.
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CapitalStars Financial Research Pvt., Ltd.,
SEBI Registration Number: INA000001647
MCX Daily Report 08TH
MAR 2019
Disclaimer
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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
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Daily Bullion Reports 08 March 2019

  • 1. CapitalStars Financial Research Pvt., Ltd., 1 SEBI Registration Number: INA000001647 MCX Daily Report 08TH MAR 2019 News Highlights BULLION - Bullion counter may trade sideways path as gold held steady on Friday as risk appetite faded after the European Central Bank cut its growth forecasts and launched an emergency round of policy stimulus, while a strong dollar capped gains ahead of U.S. nonfarm payrolls data. Gold can take support near 31800 while it can face resistance near 32200. Silver can take support near 37900 while facing resistance near 38300. The ECB changed track on its tightening plan on Thursday, pushing out the timing of its first post-crisis rate hike until 2020 at the earliest and offering banks a new round of cheap loans to help revive the euro zone economy. U.S. President Donald Trump is open to additional talks with Pyongyang over denuclearization, his national security adviser said on Thursday, despite reports that North Korea is reactivating parts of its missile program. China’s gold reserves rose slightly to $79.498 billion in February from $79.319 billion at the end of January, as the central bank increased the total amount of gold reserves to 60.260 million fine troy ounces from 59.940 million troy ounces. ENERGY- Crude oil may open on negative note as oil prices fell on Friday after the European Central Bank (ECB) warned economic weakness would continue and as U.S. crude output and exports chase new records, undermining efforts by producer club OPEC to tighten global markets. Crude oil can test 3920 while facing resistance near 4000. Financial markets, including crude oil futures, took a hit after ECB President Mario Draghi said on Thursday the economy was in “a period of continued weakness and pervasive uncertainty”. Europe’s economic weakness comes as growth in Asia is also slowing down. On the supply side, prices have been receiving support this year from output cuts led by the Organization of the Petroleum Exporting Countries (OPEC). Together with some non-affiliated producers like Russia, the producer group has pledged to withhold around 1.2 million barrels per day (bpd) of supply to tighten markets and prop up prices. Natural gas may take support near 197 while taking facing resistance near 204 in MCX. BASE METAL - Base metals prices may trade with sideways bias. China’s decision to increase its budget deficit ratio to 2.8 percent this year from 2.6 percent in 2018 is appropriate for the economy, and leaves room for policymakers to manoeuvre. Copper may take support near 450 while facing resistance near 458 in MCX .London copper prices were little changed on Friday with the market set for a weekly decline, as rising inventories and a drop in the premium for directly available metal signalled easing supply squeeze. Inventories in LME-registered warehouses rose to 120,075 tonnes from 116,872 tonnes on Wednesday, the lowest since 2008. Optimism over the ability of a potential U.S.-China trade deal and Chinese economic stimulus to push prices higher is fading. Zinc can test 191 while facing resistance near 195. Lead can dip further towards 145. Nickel can also test 915 while facing resistance near 930. Aluminum prices may trade in range of 143-145. Rusal, the world’s largest aluminium producer outside China, said on Thursday its business was back to normal after U.S. sanctions were lifted in January, and reiterated a positive outlook for the global aluminium market.
  • 2. CapitalStars Financial Research Pvt., Ltd., 2 SEBI Registration Number: INA000001647 MCX Daily Report 08TH MAR 2019 Precious Metals TREND : BEARISH TREND : BEARISH SUP 1:31800 SUP 2:31700 WWW.CAPITALSTARS.COM +919977499927 WWW.CAPITALSTARS.COM +919977499927 Base Metals CS COPPER (APR) OVERVIEW: TREND : SIDEWAYS TREND : BULLISH RESIST 2:457.00 RESIST 2: 960.00 RESIST 1:455.00 RESIST 1: 943.00 SUP 1: 452.00 SUP 1: 913.00 SUP 2: 450.00 SUP 2: 900.00 CS ZINC (MAR) OVERVIEW: CS LEAD (MAR) OVERVIEW: TREND : SIDEWAYS TREND : BEARISH RESIST 2:198.00 RESIST 2: 149.00 RESIST 1:195.00 RESIST 1: 148.00 SUP 1: 191.00 SUP 1: 146.00 SUP 2: 190.00 SUP 2: 145.00 CS ALUMINIUM (MAR) OVERVIEW: TREND : BULLISH RESIST 2: 146.00 RESIST 1: 145.00 SUP 1: 143.00 SUP 2: 142.00 WWW.CAPITALSTARS.COM +919977499927 Energy TREND : SIDEWAYS TREND : SIDEWAYS
  • 3. CapitalStars Financial Research Pvt., Ltd., 3 SEBI Registration Number: INA000001647 MCX Daily Report 08TH MAR 2019 Pick for the DAY MCX NICKEL MAR on THRUSDAY as seen in the Daily chart opened at 947.00 levels and made day low of 917.50 Levels. During this period NICKEL MAR High is 947.00 levels and finally closed at 926.50 levels. Now, there are chances of down movement technically & fundamentally. DAILY RECOMMENDATION: SELL MCX NICKEL MAR BELOW 921 LEVELS FOR TARGET OF 911/900 WITH SL 935 OF LEVELS.
  • 4. CAPITALSTARS FINANCIAL RESEARCH PVT. LTD. 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. we specialize in thorough fundamental and technical research analysis in equity and commodity market to provide best equity and commodity tips to traders and investors. we provide intraday as well as delivery stock tips in NSE and BSE and commodity tips in MCX and NCDEX. Get our more services:- Intraday stock tips Financial advisory company Share market company Stock Tips * Investment & Trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance. * CapitalStars Investment Adviser: SEBI Registration Number: INA000001647 4
  • 5. CapitalStars Financial Research Pvt., Ltd., SEBI Registration Number: INA000001647 MCX Daily Report 08TH MAR 2019 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 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: