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CapitalStars Financial Research Pvt., Ltd., 1
SEBI Registration Number: INA000001647
MCX Daily Report -09 FEB 2018
News High lights
Gold Prices Up As China Central bank Pumps Up Liquidity, Prices Data Stable.
Gold prices rose in Asia on Friday with the Chinese New Year next week expected to
stoke some physical demand as the People's Bank of China released nearly CNY 2 trillion
in extra liquidity on a day when prices data came in stable and other key gold buyer
India witnessing a pickup on a lower tax rate for the yellow metal. Overnight, gold
prices edged lower on Thursday, reaching their lowest level in around a month as the
dollar firmed amid expectations of more U.S. interest rate hikes this year. Gold is highly
sensitive to rising U.S. interest rates, as these increase the opportunity cost of holding non-yielding bullion, while
boosting the dollar, in which it is priced. A stronger U.S. dollar usually weighs on gold, as it dampens the metal's
appeal as an alternative asset and makes dollar-priced commodities more expensive for holders of other
currencies.
Copper extended its downtrend after another big rise of inventories highlighted the market currently has
healthy supplies.
Copper extended its downtrend after another big rise of inventories highlighted the
market currently has healthy supplies. On-warrant copper inventories in warehouses
certified by the London Metal Exchange - those not earmarked for delivery - jumped by
25,700 tonnes on Thursday and have surged by 75 percent over the past three weeks.
That showed that a 12 percent rally in LME prices in December was not supported by the
underlying fundamentals. China’s unwrought copper imports fell for a second straight
month in January as winter restrictions on the construction sector and high domestic production rates continued
to crimp demand for metal from overseas. Traders were likely to import more copper cathode to China given
uncertainty over smelter feed supply as new restrictions on China’s scrap imports come into force. The December
production jump defied curbs imposed on the operations of northern Chinese smelters.
Oil falls for sixth day as supply fears mount.
Oil prices fell for a sixth day on Friday after Iran announced plans to boost production
and U.S. crude output hit record highs, adding to concerns about a sharp rise in global
supplies. The falls come amid a rout in global share markets as inflation fears grip
investors.Both contracts have fallen more than 9 percent from this year's high point in
late January. "Bets on further rising oil and metals prices, for example by hedge funds,
have climbed to excessively bullish levels," said Carsten Menke, commodities research analyst at Swiss Bank Julius
Baer.At that level, U.S. production would overtake current output in Saudi Arabia, the biggest producer in the
Organization of the Petroleum Exporting Countries.OPEC and other producers, including Russia, have cut
production since January 2017 to force down global inventories, but these cuts have been offset by rising U.S. oil
production.
CapitalStars Financial Research Pvt., Ltd., 2
SEBI Registration Number: INA000001647
MCX Daily Report -09 FEB 2018
Precious Metals
CS GOLD (APR) OVERVIEW: CS SILVER (MAR) OVERVIEW:
TREND : BEARISH TREND : BEARISH
RESIST 2: 30500 RESIST 2: 38700
RESIST 1: 30300 RESIST 1: 38400
SUP 1: 29800 SUP 1: 37500
SUP 2: 29600 SUP 2: 37200
WWW.CAPITALSTARS.COM +917316690000 WWW.CAPITALSTARS.COM +917316690000
Base Metals
CS COPPER (FEB) OVERVIEW: CS NICKEL (FEB) OVERVIEW:
TREND : BEARISH TREND : BEARISH
RESIST 2: 445.00 RESIST 2: 860.00
RESIST 1: 442.00 RESIST 1: 855.00
SUP 1: 432.00 SUP 1: 825.00
SUP 2: 429.00 SUP 2: 820.00
WWW.CAPITALSTARS.COM +917316690000 WWW.CAPITALSTARS.COM +917316690000
CS ZINC (FEB) OVERVIEW: CS LEAD (FEB) OVERVIEW:
TREND : BEARISH TREND : BEARISH
RESIST 2: 225.00 RESIST 2: 167.00
RESIST 1: 223.00 RESIST 1: 165.00
SUP 1: 217.00 SUP 1: 160.00
SUP 2: 215.00 SUP 2: 158.00
WWW.CAPITALSTARS.COM +917316690000 WWW.CAPITALSTARS.COM +917316690000
CS ALUMINIUM (FEB) OVERVIEW:
TREND : BEARISH
RESIST 2: 142.00
RESIST 1: 141.00
SUP 1: 138.00
SUP 2: 137.00
WWW.CAPITALSTARS.COM +917316690000
Energies
CS CRUDE OIL (FEB) OVERVIEW: CS NATURAL GAS (FEB) OVERVIEW:
TREND : BEARISH TREND : BEARISH
RESIST 2: 4000 RESIST 2: 182.00
RESIST 1: 3960 RESIST 1: 179.00
SUP 1: 3850 SUP 1: 170.00
SUP 2: 3810 SUP 2: 167.00
WWW.CAPITALSTARS.COM +917316690000 WWW.CAPITALSTARS.COM +917316690000
Pick for the Day
CapitalStars Financial Research Pvt., Ltd., 3
SEBI Registration Number: INA000001647
MCX Daily Report - 09 FEB 2018
ews High ligh
Capitalstars is a Sebi Registered &ISO Certified Company in Indore,
they provide Equity, Commodity, Nifty & Forex trading calls with profit in your
trading.
GET MORE DETAILS HERE:-
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CapitalStars Financial Research Pvt., Ltd., 4
SEBI Registration Number: INA000001647
MCX Daily Report - 09 FEB 2018
MCX Crude Oil Feb on Thursday as seen in the daily chart opened at 3968 levels and
day high of 3989 levels. During this period price corrected & made day low of 3909
levels finally closed at 3931 levels. Now, there are chances of further downside
movement technically & fundamentally.
 Inventories of U.S. crude rose 1.895 million barrels for the week ended Feb. 2,
below expectations for for a rise of 3.189 million barrels, the Energy Information
Administration said Wednesday.


 The build in crude comes amid a slowdown in refinery activity as refiners enter a
period of maintenance. Subdued refinery activity lessened demand for crude oil,
contributing to the recent build in inventories.


DAILY RECOMMENDATION: SELL MCX CRUDE OIL FEB AROUND 3930 LEVELS
FOR TARGET OF T1 3880/ T2 3860 WITH SL 4010 OF LEVELS.
CapitalStars Financial Research Pvt., Ltd., 5
SEBI Registration Number: INA000001647
MCX Daily Report -09 FEB 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
REGISTERED OFFICE
Capitalstars Financial Research Private Limited
PLOT NO.12, SCHEME NO.78 PART-II, VIJAY NAGAR, INDORE
Email :- backoffice@capiltalstars.in
Report Is Checked By Investment Advisor :

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Mcx daily report 9 feb 2018

  • 1. CapitalStars Financial Research Pvt., Ltd., 1 SEBI Registration Number: INA000001647 MCX Daily Report -09 FEB 2018 News High lights Gold Prices Up As China Central bank Pumps Up Liquidity, Prices Data Stable. Gold prices rose in Asia on Friday with the Chinese New Year next week expected to stoke some physical demand as the People's Bank of China released nearly CNY 2 trillion in extra liquidity on a day when prices data came in stable and other key gold buyer India witnessing a pickup on a lower tax rate for the yellow metal. Overnight, gold prices edged lower on Thursday, reaching their lowest level in around a month as the dollar firmed amid expectations of more U.S. interest rate hikes this year. Gold is highly sensitive to rising U.S. interest rates, as these increase the opportunity cost of holding non-yielding bullion, while boosting the dollar, in which it is priced. A stronger U.S. dollar usually weighs on gold, as it dampens the metal's appeal as an alternative asset and makes dollar-priced commodities more expensive for holders of other currencies. Copper extended its downtrend after another big rise of inventories highlighted the market currently has healthy supplies. Copper extended its downtrend after another big rise of inventories highlighted the market currently has healthy supplies. On-warrant copper inventories in warehouses certified by the London Metal Exchange - those not earmarked for delivery - jumped by 25,700 tonnes on Thursday and have surged by 75 percent over the past three weeks. That showed that a 12 percent rally in LME prices in December was not supported by the underlying fundamentals. China’s unwrought copper imports fell for a second straight month in January as winter restrictions on the construction sector and high domestic production rates continued to crimp demand for metal from overseas. Traders were likely to import more copper cathode to China given uncertainty over smelter feed supply as new restrictions on China’s scrap imports come into force. The December production jump defied curbs imposed on the operations of northern Chinese smelters. Oil falls for sixth day as supply fears mount. Oil prices fell for a sixth day on Friday after Iran announced plans to boost production and U.S. crude output hit record highs, adding to concerns about a sharp rise in global supplies. The falls come amid a rout in global share markets as inflation fears grip investors.Both contracts have fallen more than 9 percent from this year's high point in late January. "Bets on further rising oil and metals prices, for example by hedge funds, have climbed to excessively bullish levels," said Carsten Menke, commodities research analyst at Swiss Bank Julius Baer.At that level, U.S. production would overtake current output in Saudi Arabia, the biggest producer in the Organization of the Petroleum Exporting Countries.OPEC and other producers, including Russia, have cut production since January 2017 to force down global inventories, but these cuts have been offset by rising U.S. oil production.
  • 2. CapitalStars Financial Research Pvt., Ltd., 2 SEBI Registration Number: INA000001647 MCX Daily Report -09 FEB 2018 Precious Metals CS GOLD (APR) OVERVIEW: CS SILVER (MAR) OVERVIEW: TREND : BEARISH TREND : BEARISH RESIST 2: 30500 RESIST 2: 38700 RESIST 1: 30300 RESIST 1: 38400 SUP 1: 29800 SUP 1: 37500 SUP 2: 29600 SUP 2: 37200 WWW.CAPITALSTARS.COM +917316690000 WWW.CAPITALSTARS.COM +917316690000 Base Metals CS COPPER (FEB) OVERVIEW: CS NICKEL (FEB) OVERVIEW: TREND : BEARISH TREND : BEARISH RESIST 2: 445.00 RESIST 2: 860.00 RESIST 1: 442.00 RESIST 1: 855.00 SUP 1: 432.00 SUP 1: 825.00 SUP 2: 429.00 SUP 2: 820.00 WWW.CAPITALSTARS.COM +917316690000 WWW.CAPITALSTARS.COM +917316690000 CS ZINC (FEB) OVERVIEW: CS LEAD (FEB) OVERVIEW: TREND : BEARISH TREND : BEARISH RESIST 2: 225.00 RESIST 2: 167.00 RESIST 1: 223.00 RESIST 1: 165.00 SUP 1: 217.00 SUP 1: 160.00 SUP 2: 215.00 SUP 2: 158.00 WWW.CAPITALSTARS.COM +917316690000 WWW.CAPITALSTARS.COM +917316690000 CS ALUMINIUM (FEB) OVERVIEW: TREND : BEARISH RESIST 2: 142.00 RESIST 1: 141.00 SUP 1: 138.00 SUP 2: 137.00 WWW.CAPITALSTARS.COM +917316690000 Energies CS CRUDE OIL (FEB) OVERVIEW: CS NATURAL GAS (FEB) OVERVIEW: TREND : BEARISH TREND : BEARISH RESIST 2: 4000 RESIST 2: 182.00 RESIST 1: 3960 RESIST 1: 179.00 SUP 1: 3850 SUP 1: 170.00 SUP 2: 3810 SUP 2: 167.00 WWW.CAPITALSTARS.COM +917316690000 WWW.CAPITALSTARS.COM +917316690000 Pick for the Day
  • 3. CapitalStars Financial Research Pvt., Ltd., 3 SEBI Registration Number: INA000001647 MCX Daily Report - 09 FEB 2018 ews High ligh Capitalstars is a Sebi Registered &ISO Certified Company in Indore, they provide Equity, Commodity, Nifty & Forex trading calls with profit in your trading. GET MORE DETAILS HERE:-  Stock Advisory Company  Trading Tips  Financial Advisory company  Stock Tips  Share Market Company  Forex trading tips  Currency Tips Also, you can visit:- capitalstars quick payment capitalstars career
  • 4. CapitalStars Financial Research Pvt., Ltd., 4 SEBI Registration Number: INA000001647 MCX Daily Report - 09 FEB 2018 MCX Crude Oil Feb on Thursday as seen in the daily chart opened at 3968 levels and day high of 3989 levels. During this period price corrected & made day low of 3909 levels finally closed at 3931 levels. Now, there are chances of further downside movement technically & fundamentally.  Inventories of U.S. crude rose 1.895 million barrels for the week ended Feb. 2, below expectations for for a rise of 3.189 million barrels, the Energy Information Administration said Wednesday.    The build in crude comes amid a slowdown in refinery activity as refiners enter a period of maintenance. Subdued refinery activity lessened demand for crude oil, contributing to the recent build in inventories.   DAILY RECOMMENDATION: SELL MCX CRUDE OIL FEB AROUND 3930 LEVELS FOR TARGET OF T1 3880/ T2 3860 WITH SL 4010 OF LEVELS.
  • 5. CapitalStars Financial Research Pvt., Ltd., 5 SEBI Registration Number: INA000001647 MCX Daily Report -09 FEB 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 REGISTERED OFFICE Capitalstars Financial Research Private Limited PLOT NO.12, SCHEME NO.78 PART-II, VIJAY NAGAR, INDORE Email :- backoffice@capiltalstars.in Report Is Checked By Investment Advisor :