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Published by Chetna Sharma, 2019-09-24 07:34:45

24 SEPTEMBER 2019 MCX DAILY REPORT..

MCX DAILY REPORT..

Keywords: MCX Tips

CapitalStars Financial Research Pvt., Ltd., 1

SEBI Registration Number: INA000001647

MCX Daily Report 24TH SEPTEMBER 2019

News Highlights

BULLION - Bullion counter may trade with mixed bias. Gold prices were steady in early Asian
trade on Tuesday, after rising to a more than two-week peak in the previous session on global
slowdown fears and tensions in the Middle East, while an improved Sino-U.S. trade tone
weighed on the yellow metal. U.S. Treasury Secretary Steven Mnuchin said on Monday that he
and U.S. Trade Representative Robert Lighthizer would meet with Chinese vice Premier Liu He
for trade talks in two weeks. The Federal Reserve has delivered a boost to the economy this
year not only with interest-rate cuts but also because it shifted away from its earlier view that
it would need to raise rates in 2019, two Fed policymakers said on Monday. Britain, Germany
and France backed the United States and blamed Iran on Monday for an attack on Saudi oil
facilities, urging Tehran to agree to new talks with world powers on its nuclear and missile
programs and regional security issues.

ENERGY- Crude oil may remain on negative path. Oil prices eased in early Asian trade on
Tuesday as weak manufacturing data from Europe and Japan focused market attention on a
gloomy outlook for demand, though lingering uncertainty over Saudi supply disruption broke
the drop. Still, oil prices remained at comparatively elevated levels for the year in the wake of
the mid-month attack on Saudi Arabia’s largest oil processing facility that halved output at the
world’s top oil exporter. European powers - Britain, Germany and France - backed the United
States in blaming Iran for the Saudi oil attack, urging Tehran to agree to new talks with world
powers on its nuclear and missile programmes and regional security issues

BASE METAL – Base metals may trade with sideways bias. U.S. President Donald Trump on
Monday questioned a decision by his top trade negotiators to ask Chinese officials to delay a
planned trip to U.S. farming regions after trade talks last week, saying he wanted China to buy
more American farm products. Copper may test 440 while taking resistance near 448. London
copper prices edged higher in early trade on Tuesday, after U.S. Treasury Secretary Steven
Mnuchin said he would meet with Chinese vice Premier Liu He for trade talks in two weeks.
The global refined copper market showed a 21,000 tonne deficit in June, compared with a
70,000 tonne deficit in May, the International Copper Study Group said in its latest monthly
bulletin. Chile's state copper miner Codelco issued $2billion worth of bonds on Monday, while
offering to buy back short-term notes, as it seeks to smooth financing of a major overhaul of
its ageing mines. China's.

CapitalStars Financial Research Pvt., Ltd., 2

SEBI Registration Number: INA000001647

MCX Daily Report 24TH SEPTEMBER 2019

Precious Metals

CS GOLD (OCT) OVERVIEW: CS SILVER (DEC) OVERVIEW:

TREND : SIDEWAYS TREND : SIDEWAYS

RESIST 2:38120 RESIST 2: 49130

RESIST 1: 38020 RESIST 1: 48620

SUP 1: 37780 SUP 1: 47130

SUP 2:37630 SUP 2: 46100

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Base Metals

CS COPPER (SEP) OVERVIEW: CS NICKEL (SEP) OVERVIEW:

TREND : BEARISH TREND : SIDEWAYS

RESIST 2: 448 RESIST 2: 1321

RESIST 1: 445 RESIST 1: 1272

SUP 1: 439 SUP 1: 1181

SUP 2: 436 SUP 2: 1139

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CS ZINC (SEP) OVERVIEW: CS LEAD (SEP) OVERVIEW:
TREND : BEARISH TREND : SIDEWAYS
RESIST 2: 185 RESIST 2:155
RESIST 1: 184 RESIST 1: 155
SUP 1: 182 SUP 1: 154
SUP 2: 181 SUP 2: 153

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CS ALUMINIUM (SEP) OVERVIEW:
TREND : BEARISH
RESIST 2: 138
RESIST 1: 137
SUP 1: 136
SUP 2: 136

WWW.CAPITALSTARS.COM +919977499927

Energy

CS CRUDE OIL (OCT) OVERVIEW: CS NATURAL GAS (SEP) OVERVIEW:

TREND : SIDEWAYS TREND : BULLISH

RESIST 2:4250 RESIST 2: 181

RESIST 1:4200 RESIST 1: 180

SUP 1:4090 SUP 1: 179

SUP 2: 4030 SUP 2: 178

WWW.CAPITALSTARS.COM +919977499927 WWW.CAPITALSTARS.COM +919977499927

CapitalStars Financial Research Pvt., Ltd., 3

SEBI Registration Number: INA000001647

MCX Daily Report 24TH SEPTEMBER 2019

Pick for the DAY

MCX ALUMINIUM SEP on MONDAY as seen in the Daily chart opened at 138.55 levels and
made day low of 137.40 levels. During this period ALUMINIUM SEP high is 138.65 levels and
finally closed at 137.67 levels. Now, there are chances of up movement technically &
fundamentally.

DAILY RECOMMENDATION: SELL MCX ALUMINIUM SEP BELOW 137.50 LEVELS FOR

TARGET OF 136.50/135 WITH SL 139 OF LEVELS.

CapitalStars Financial Research Pvt., Ltd., 4

SEBI Registration Number: INA000001647

MCX Daily Report 24TH SEPTEMBER 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.

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