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CapitalStars Financial Research Pvt., Ltd., 1
SEBI Registration Number: INA000001647
MCX Daily Report -24 AUG 2017
News High lights
Gold dips ahead of Jackson Hole speeches, Draghi in focus.
Gold prices fell in Asia on Thursday as investors geared up for a slate of central
bank chiefs at Jackson Hole, Wyoming, over the next two days to discuss global
monetary policies. Traders remained cautious of initiating large positions in the
precious metal ahead of speeches by European Central Bank president Mario
Draghi and Federal Reserve chair Janet Yellen at the central banking symposium.
The Jackson Hole conclave is expected to shed further light on the path of interest
rate hikes in the U.S. this year and on unwinding stimulus efforts by central banks
globally, with a particular focus on the European Central Bank. Ahead of the central banking symposium analysts
have scaled back expectations of further monetary policy tightening. “Yes the Fed may hike in December and yes
the ECB may announce a further taper for 2018 in October but recent events (softer inflation, softer market
sentiment and the strong Euro for the ECB) may mean that now might not be the time they choose to guide
markets towards such an outcome”. Analysts at Deutsche Bank (DE:DE:DBKGn) said.
OZ Minerals to Build New Copper Mine at Cost of $700 million.
OZ Minerals Ltd. said Thursday it would invest A$916 million or $724 million to develop
its Carrapateena copper mine in Australia, to meet the increasingly growing demand for
copper across the global. The Carrapateena copper mine, which is about 160 kms or 99
miles north of Port Augusta, will come online in the fourth quarter of 2019, and yield an
average of 65,000 tonnes of copper and 67,000 ounces of gold a year over 20 years.
SHFE Zinc to Meet Resistance to Lurch Higher.
LME zinc market has slid below the 5-day moving average, and investors are advised to take cautious attitude
due to US economy uncertainties and the upcoming global central bank annual meeting. Eyes should be on US
initial jobless claims.
Oil steady on falling crude inventories, but rising output weighs.
Oil prices were little changed in early trade on Thursday, holding most of their gains
from the previous session after another fall in U.S. crude inventories which is seen as
a sign of a tighter market.Crude futures rose more than 1 percent on Wednesday,
also buoyed by potential output disruptions from a storm approaching the Gulf
Coast. Traders said that ongoing declines in U.S. commercial crude storage levels
were a sign of a gradually tightening market, although another rise in output held
the market back, they said. "Another strong drawdown in U.S. crude oil inventories should see oil prices well
supported," ANZ bank said, although it added that "there was a hint of cautiousness, with U.S. oil output
continuing to push higher."Despite this, U.S. crude stocks fell last week and gasoline stocks were down as well,
the Energy Information Administration said on Wednesday.
CapitalStars Financial Research Pvt., Ltd., 2
SEBI Registration Number: INA000001647
MCX Daily Report -
Precious Metals
CS GOLD (OCT) OVERVIEW:
TREND : BULLISH TREND : BULLISH
RESIST 2: 29500
RESIST 1: 29350
SUP 1: 29000
SUP 2: 28850
Base Metals
TREND : BULLISH TREND : BULLISH
RESIST 2: 431.00 RESIST 2: 765.00
RESIST 1: 428.00 RESIST 1: 760.00
CS ZINC (AUG) OVERVIEW:
TREND : SIDEWAYS TREND : BEARISH
RESIST 2: 205.00 RESIST 2: 157.00
RESIST 1: 203.00 RESIST 1: 155.00
CS ALUMINIUM (AUG) OVERVIEW:
TREND : BULLISH
RESIST 2: 138.00
RESIST 1: 136.00
SUP1: 131.00
SUP2: 129.00
WWW.CAPITALSTARS.COM +917316690000
Energies
CS NATURAL GAS (AUG) OVERVIEW:
TREND : SIDEWAYS
RESIST 2: 195.00
RESIST 1: 192.00
CapitalStars Financial Research Pvt., Ltd., 3
SEBI Registration Number: INA000001647
MCX Daily Report -
GET MORE DETAILS HERE:-
ÿ Commodity Market tips
ÿ Mcx live tips
ÿ Precious Metal
ÿ Base Metal
ÿ Energy Pack
ÿ Crude Intraday Tips
ÿ Turmeric Tips
ÿ Agri Commodity Price
CapitalStars Financial Research Pvt., Ltd., 4
SEBI Registration Number: INA000001647
MCX Daily Report - 24 AUG 2017
Pick for the Day
MCX Crude Oil Sep on Wednesday as seen in the daily chart opened at 3073 levels
and day high of 3116 levels. During this period price corrected & made day low of
3058 levels finally closed at 3107 levels. Now, there are chances of further upside
movement technically & fundamentally.
∑ The steeper-than-expected decline in gasoline inventories comes against
expectations that gasoline demand is set to tail off, as the peak of the summer
driving season has passed.
∑ “The peak of summer driving season has now passed, and demand for crude will
also wane as refinery runs drop,” said Matt Smith, director of commodity research
at ClipperData. “Gasoline demand will ebb as summer road trips are mostly over and
children head back to school.
DAILY RECOMMENDATION: Buy MCX CRUDE OIL SEP AROUND 3080 LEVELS FOR
TARGET OF T1 3180/T2 3230 WITH SL 2930 OF LEVELS.
CapitalStars Financial Research Pvt., Ltd., 5
SEBI Registration Number: INA000001647
MCX Daily Report - 24 AUG 2017
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.
Capital stars Financial Research Private Ltd., Reserves all Rights.
CONTACT US
REGISTERED OFFICE
Capitalstars	Financial	Research	Private	Limited
PLOT	NO.12,	SCHEME	NO.78	PART-II,	VIJAY	NAGAR,	INDORE
Email	:- backoffice@capiltalstars.in

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Mcx daily report 24 aug 2017

  • 1. CapitalStars Financial Research Pvt., Ltd., 1 SEBI Registration Number: INA000001647 MCX Daily Report -24 AUG 2017 News High lights Gold dips ahead of Jackson Hole speeches, Draghi in focus. Gold prices fell in Asia on Thursday as investors geared up for a slate of central bank chiefs at Jackson Hole, Wyoming, over the next two days to discuss global monetary policies. Traders remained cautious of initiating large positions in the precious metal ahead of speeches by European Central Bank president Mario Draghi and Federal Reserve chair Janet Yellen at the central banking symposium. The Jackson Hole conclave is expected to shed further light on the path of interest rate hikes in the U.S. this year and on unwinding stimulus efforts by central banks globally, with a particular focus on the European Central Bank. Ahead of the central banking symposium analysts have scaled back expectations of further monetary policy tightening. “Yes the Fed may hike in December and yes the ECB may announce a further taper for 2018 in October but recent events (softer inflation, softer market sentiment and the strong Euro for the ECB) may mean that now might not be the time they choose to guide markets towards such an outcome”. Analysts at Deutsche Bank (DE:DE:DBKGn) said. OZ Minerals to Build New Copper Mine at Cost of $700 million. OZ Minerals Ltd. said Thursday it would invest A$916 million or $724 million to develop its Carrapateena copper mine in Australia, to meet the increasingly growing demand for copper across the global. The Carrapateena copper mine, which is about 160 kms or 99 miles north of Port Augusta, will come online in the fourth quarter of 2019, and yield an average of 65,000 tonnes of copper and 67,000 ounces of gold a year over 20 years. SHFE Zinc to Meet Resistance to Lurch Higher. LME zinc market has slid below the 5-day moving average, and investors are advised to take cautious attitude due to US economy uncertainties and the upcoming global central bank annual meeting. Eyes should be on US initial jobless claims. Oil steady on falling crude inventories, but rising output weighs. Oil prices were little changed in early trade on Thursday, holding most of their gains from the previous session after another fall in U.S. crude inventories which is seen as a sign of a tighter market.Crude futures rose more than 1 percent on Wednesday, also buoyed by potential output disruptions from a storm approaching the Gulf Coast. Traders said that ongoing declines in U.S. commercial crude storage levels were a sign of a gradually tightening market, although another rise in output held the market back, they said. "Another strong drawdown in U.S. crude oil inventories should see oil prices well supported," ANZ bank said, although it added that "there was a hint of cautiousness, with U.S. oil output continuing to push higher."Despite this, U.S. crude stocks fell last week and gasoline stocks were down as well, the Energy Information Administration said on Wednesday.
  • 2. CapitalStars Financial Research Pvt., Ltd., 2 SEBI Registration Number: INA000001647 MCX Daily Report - Precious Metals CS GOLD (OCT) OVERVIEW: TREND : BULLISH TREND : BULLISH RESIST 2: 29500 RESIST 1: 29350 SUP 1: 29000 SUP 2: 28850 Base Metals TREND : BULLISH TREND : BULLISH RESIST 2: 431.00 RESIST 2: 765.00 RESIST 1: 428.00 RESIST 1: 760.00 CS ZINC (AUG) OVERVIEW: TREND : SIDEWAYS TREND : BEARISH RESIST 2: 205.00 RESIST 2: 157.00 RESIST 1: 203.00 RESIST 1: 155.00 CS ALUMINIUM (AUG) OVERVIEW: TREND : BULLISH RESIST 2: 138.00 RESIST 1: 136.00 SUP1: 131.00 SUP2: 129.00 WWW.CAPITALSTARS.COM +917316690000 Energies CS NATURAL GAS (AUG) OVERVIEW: TREND : SIDEWAYS RESIST 2: 195.00 RESIST 1: 192.00
  • 3. CapitalStars Financial Research Pvt., Ltd., 3 SEBI Registration Number: INA000001647 MCX Daily Report - GET MORE DETAILS HERE:- ÿ Commodity Market tips ÿ Mcx live tips ÿ Precious Metal ÿ Base Metal ÿ Energy Pack ÿ Crude Intraday Tips ÿ Turmeric Tips ÿ Agri Commodity Price
  • 4. CapitalStars Financial Research Pvt., Ltd., 4 SEBI Registration Number: INA000001647 MCX Daily Report - 24 AUG 2017 Pick for the Day MCX Crude Oil Sep on Wednesday as seen in the daily chart opened at 3073 levels and day high of 3116 levels. During this period price corrected & made day low of 3058 levels finally closed at 3107 levels. Now, there are chances of further upside movement technically & fundamentally. ∑ The steeper-than-expected decline in gasoline inventories comes against expectations that gasoline demand is set to tail off, as the peak of the summer driving season has passed. ∑ “The peak of summer driving season has now passed, and demand for crude will also wane as refinery runs drop,” said Matt Smith, director of commodity research at ClipperData. “Gasoline demand will ebb as summer road trips are mostly over and children head back to school. DAILY RECOMMENDATION: Buy MCX CRUDE OIL SEP AROUND 3080 LEVELS FOR TARGET OF T1 3180/T2 3230 WITH SL 2930 OF LEVELS.
  • 5. CapitalStars Financial Research Pvt., Ltd., 5 SEBI Registration Number: INA000001647 MCX Daily Report - 24 AUG 2017 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. Capital stars Financial Research Private Ltd., Reserves all Rights. CONTACT US REGISTERED OFFICE Capitalstars Financial Research Private Limited PLOT NO.12, SCHEME NO.78 PART-II, VIJAY NAGAR, INDORE Email :- backoffice@capiltalstars.in