Page 1

CapitalStars Financial Research Pvt., Ltd., SEBI Registration Number: INA000001647

MCX Daily Report

15TH JAN 2020

News Highlights BULLION – Bullion counter fell on Tuesday ahead of the much awaited signing of an interim U.S.-China trade deal that dampened the appeal of bullion. The main thing is that a week ago we had the Iran-U.S. news, that caused a pretty significant rally in gold; and now that news has subsided, The U.S.-China deal is also supposed to get signed today. Global equities rallied to reach fresh record highs as the world's two biggest economies prepare to formalize a truce. U.S. Trade Representative Robert Lighthizer said that the Chinese translation of the deal was almost completed and would be made public on Wednesday, just prior to a signing ceremony. The U.S. Treasury on Monday said China should no longer be designated a currency manipulator in a long-delayed semi-annual currency report, reversing its August finding; the decision coincided with the arrival of a high-level Chinese delegation for a trade deal signing. ENERGY- Crude oil may witness remain on weaker side as oil prices edged lower on Tuesday as receding Middle East tensions took some heat out of the market, with both Tehran and Washington desisting from any further escalation after this month's clashes. However, the declines were limited by expectations of a drawdown in U.S. crude oil inventories and optimism about the signing of a preliminary trade deal between the U.S. and China, the world's top oil consumers. Oil prices were supported ahead of the signing at the White House on Wednesday of a Phase 1 trade deal, which marks a major step in ending a dispute that has cut global growth and dented demand for oil. Elsewhere, Saudi Arabia's energy minister Prince Abdulaziz bin Salman said his country will work for oil market stability at a time of heightened U.S.-Iranian tension and wants to see sustainable prices and demand growth. BASE METAL – Base metals may trade with mixed bias. China's central bank set the midpoint of the yuan's daily trading band at its strongest fixing in more than five months on Tuesday after the United States dropped its designation of China as a currency manipulator. London copper prices on Tuesday slipped from an eight-month high hit in the previous session, as cautious investors awaited a raft of Chinese data, which will indicate whether a pick-up in economic activity has been maintained. Later in the day, Beijing is due to release its December and full-year 2019 trade data, one of the major indicators of economic health of China, the world's second-biggest economy. Top copper miner Codelco may not renew an agreement to supply copper concentrate to China's Shandong Fangyuan for 2020 because of financial problems at the private smelter, sources said.

1


CapitalStars Financial Research Pvt., Ltd., SEBI Registration Number: INA000001647

15TH JAN 2020

MCX Daily Report Precious Metals CS GOLD (FEB) OVERVIEW: TREND : SIDEWAYS RESIST 2: 39680 RESIST 1: 39560 SUP 1:39300 SUP 2: 39150 WWW.CAPITALSTARS.COM +919977499927

CS SILVER (MAR) OVERVIEW: TREND :BEARISH RESIST 2:46550 RESIST1:46230 SUP 1: 45700 SUP 2: 45490 WWW.CAPITALSTARS.COM +919977499927

Base Metals CS COPPER (JAN) OVERVIEW: TREND : SIDEWAYS RESIST 2:459 RESIST 1:455 SUP 1:450 SUP 2:446 WWW.CAPITALSTARS.COM +919977499927

CS NICKEL (JAN) OVERVIEW: TREND : BEARISH RESIST 2: 1048 RESIST 1:1033 SUP 1:1003 SUP 2:988 WWW.CAPITALSTARS.COM +919977499927

CS ZINCMINI (JAN) OVERVIEW: TREND : SIDEWAYS RESIST 2: 184 RESIST 1:183 SUP 1:181 SUP 2: 180 WWW.CAPITALSTARS.COM +919977499927

CS LEADMINI (JAN) OVERVIEW: TREND : BULLISH RESIST 2:154 RESIST 1: 153 SUP 1: 151 SUP 2:150 WWW.CAPITALSTARS.COM +919977499927

CS ALUMINI (JAN) OVERVIEW: TREND : BEARISH RESIST 2:142 RESIST 1: 141 SUP 1: 139 SUP 2: 138 WWW.CAPITALSTARS.COM +919977499927

Energy CS CRUDE OIL (JAN) OVERVIEW: TREND : SIDEWAYS RESIST 2:4200 RESIST 1:4170 SUP 1: 4100 SUP 2: 4060 WWW.CAPITALSTARS.COM +919977499927

CS NATURAL GAS (JAN) OVERVIEW: TREND : SIDEWAYS RESIST 2:160 RESIST 1:159 SUP 1: 157 SUP 2: 156 WWW.CAPITALSTARS.COM +919977499927

2


CapitalStars Financial Research Pvt., Ltd., SEBI Registration Number: INA000001647

MCX Daily Report

15TH JAN 2020

Pick for the DAY

MCX NICKEL JAN on THUESDAY as seen in the Daily chart opened at 1029.30 levels and made day low of 1008.70 levels. During this period NICKEL JAN high is 1029.30 levels and finally closed at 1018.30 levels. Now, there are chances of up movement technically & fundamentally.

DAILY RECOMMENDATION: SELL NICKEL JAN BELOW 1010 LEVELS FOR TARGET OF 1008/1005 WITH SL 1017 OF LEVELS.

3


CapitalStars Financial Research Pvt., Ltd., SEBI Registration Number: INA000001647

MCX Daily Report

15TH JAN 2020

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:

4

Profile for Chetna Sharma

MCX Report 15 JAN 2020  

Capitalstars provides you today's updated market MCX report.Go through it and work accordingly.

MCX Report 15 JAN 2020  

Capitalstars provides you today's updated market MCX report.Go through it and work accordingly.

Advertisement