CapitalStars Financial Research Pvt., Ltd., SEBI Registration Number: INA000001647
MCX Daily Report - 06 FEB 2018 News High lights
Gold Prices Gain In Asia As Safe Haven Demand Grows on Stocks Rout. Gold prices gained in Asia on Tuesday as safe-have demand for the precious metal came to the fore following a rout in US stocks that carried over into the region and sent Tokyo down as much as 5%,Overnight, gold prices remained under pressure as the dollar moved off lows after services data topped economists’ forecasts reaffirming investor expectation that bullish economic growth would strengthen the Federal Reserve’s case to raise rates more aggressively. Scotia bank said that upbeat ISM non-manufacturing
data was a “strong plus for growth and the components are hawkish to the Federal Open Market Committee.” In a rising interest rate environment, investor appetite for gold weakens as the opportunity cost of holding the precious metal increases relative to interest-bearing assets such as bonds. Gold suffered its biggest weekly loss since December last week as data showed traders appear wary of increasing their bullish bets on gold. Zinc prices dropped as prices remained under pressure as the dollar index gained ground following strong US data. Zinc on MCX settled down -1.29% at 226.4 as prices remained under pressure as the dollar index gained ground following strong US data. Growth in China’s manufacturing sector remained elevated in January, a private survey showed, though it contrasted with an official survey pointing to a slight loss of momentum. Preliminary data recently compiled by the ILZSG, the global market for refined zinc metal was in deficit by 401 kilo tonne over the first ten months of 2017 with total reported inventories declining by 282 kilo tonne over the same period. World zinc mine production rose by 3.8% mainly as a result of increases in Eritrea, India, Peru and Turkey that more than balanced falls in Australia and the United States. Global output of refined zinc metal contracted by 0.6%. The gap between sister metals zinc and lead were expected to continue to narrow with lead seen extending gains on shortages and zinc pulling back slightly since it had already had a strong rise. South Korea is seeking to buy 500 tonnes of zinc for arrival in April and May via separate tenders, state-run Procurement Service said. Oil prices slump 1 percent amid global market rout. Oil prices dropped by 1 percent on Tuesday, extending falls from the previous session as global financial markets headed south in the wake of one of the biggest intra-day falls ever registered on Wall Street.Financial markets went into a tailspin on Monday when U.S. stocks plunged in highly volatile trading which saw the Dow Jones Industrial Average (DJI) tumble by almost 1,600 points in intra-day trading, its biggest ever pointto-point loss within one trading session, as investors grappled with rising bond yields and potentially firming inflation.Despite efforts led by the Organization of the Petroleum Exporting Countries (OPEC) and Russia to withhold production since January last year in order to tighten the market and prop up prices, crude supplies remain relatively ample.
1
CapitalStars Financial Research Pvt., Ltd., SEBI Registration Number: INA000001647
MCX Daily Report - 06 FEB 2018 Precious Metals CS GOLD (APR) OVERVIEW: TREND : BULLISH RESIST 2: 30900 RESIST 1: 30800 SUP 1: 30300 SUP 2: 30200 WWW.CAPITALSTARS.COM +917316690000
CS SILVER (MAR) OVERVIEW: TREND : SIDEWAYS RESIST 2: 39700 RESIST 1: 39500 SUP 1: 38500 SUP 2: 38300 WWW.CAPITALSTARS.COM +917316690000
Base Metals CS COPPER (FEB) OVERVIEW: TREND : SIDEWAYS RESIST 2: 462.00 RESIST 1: 459.00 SUP 1: 449.00 SUP 2: 446.00 WWW.CAPITALSTARS.COM +917316690000
CS NICKEL (FEB) OVERVIEW: TREND : BEARISH RESIST 2: 885.00 RESIST 1: 880.00 SUP 1: 845.00 SUP 2: 840.00 WWW.CAPITALSTARS.COM +917316690000
CS ZINC (FEB) OVERVIEW: TREND : SIDEWAYS RESIST 2: 232.00 RESIST 1: 230.00 SUP 1: 224.00 SUP 2: 222.00 WWW.CAPITALSTARS.COM +917316690000
CS LEAD (FEB) OVERVIEW: TREND : BULLISH RESIST 2: 173.00 RESIST 1: 171.00 SUP 1: 167.00 SUP 2: 165.00 WWW.CAPITALSTARS.COM +917316690000
CS ALUMINIUM (FEB) OVERVIEW: TREND : BEARISH RESIST 2: 143.00 RESIST 1: 142.00 SUP 1: 139.00 SUP 2: 138.00 WWW.CAPITALSTARS.COM +917316690000
Energies CS CRUDE OIL (FEB) OVERVIEW: TREND : BEARISH RESIST 2: 4170 RESIST 1: 4130 SUP 1: 4010 SUP 2: 3970 WWW.CAPITALSTARS.COM +917316690000
CS NATURAL GAS (FEB) OVERVIEW: TREND : BEARISH RESIST 2: 186.00 RESIST 1: 183.00 SUP 1: 171.00 SUP 2: 168.00 WWW.CAPITALSTARS.COM +917316690000
2
CapitalStars Financial Research Pvt., Ltd., SEBI Registration Number: INA000001647
MCX Daily Report - 06 FEB 2018 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
3
CapitalStars Financial Research Pvt., Ltd., SEBI Registration Number: INA000001647
MCX Daily Report - 06 FEB 2018 Pick for the Day
MCX Crude Oil Feb on Monday as seen in the daily chart opened at 4166 levels and day high of 4197 levels. During this period price corrected & made day low of 4086 levels finally closed at 4103 levels. Now, there are chances of further downside movement technically & fundamentally.
There is also a seasonal downturn to demand, as many refineries shut for maintenance following the upcoming end to the peak-consumption winter heating season in the northern hemisphere. The largest U.S. refinery, Motiva Enterprises' 603,000 bpd Port Arthur facility in Texas, began a planned one-month overhaul on Monday of its key crude oil processing unit. Consequently, hedge fund managers have cut their bullish exposure to petroleum for the first time in six weeks.
DAILY RECOMMENDATION: SELL MCX CRUDE OIL FEB AROUND 4110 LEVELS FOR TARGET OF T1 4060/ T2 4040 WITH SL 4200 OF LEVELS.
4
CapitalStars Financial Research Pvt., Ltd., SEBI Registration Number: INA000001647
MCX Daily Report - 06 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 :
5