+91731-6690000
Showing posts with label Capitalstars Video Gallery. Show all posts
Showing posts with label Capitalstars Video Gallery. Show all posts

Wednesday, 17 July 2019


BULLION - Bullion counter may trade on upside path as gold prices rose to their highest in two weeks on Thursday, as the dollar eased after weaker-than-expected U.S. housing data increased expectations for an interest rate cut by the U.S. Federal Reserve. The index had climbed to a one-week peak in the previous session on stronger-than-expected U.S. retail sales. But it nudged lower as Treasury yields fell in the wake of weak U.S. housing market data and concerns about the unresolved U.S.-China trade conflict. U.S. homebuilding fell for a second straight month in June and permits dropped to a two-year low, suggesting the housing market continued to struggle despite lower mortgage rates. The Fed is widely expected to lower interest rates by 25 basis points at its policy meeting at the end of the month, with some in the market even betting on a 50 basis points cut. The Fed reported on Wednesday that the U.S. economy continued growing at a "modest" rate in recent weeks, with consumers continuing to spend and a "generally positive" outlook overall even in the face of disruptions caused by U.S. trade policy.

ENERGY- Crude oil may trade on weaker path as oil prices fell on Thursday, extending declines into a fourth day, after official data showed U.S. stockpiles of products like gasoline rose sharply last week, suggesting weak demand during the peak driving season. While data on Wednesday from the U.S. Energy Information Administration showed a larger-than-expected drawdown in crude stockpiles last week, traders focused on large builds in refined product inventories dragging prices down. U.S. crude inventories fell 3.1 million barrels, the EIA said, more than analysts forecasts for a decrease of 2.7 million barrels. However, gasoline stocks rose 3.6 million barrels, compared with analysts expectations for a 925,000-barrel drop. Distillate stockpiles grew by 5.7 million barrels, much more than expectations for a 613,000-barrel increase, the EIA data showed. Crude production was disrupted last week by Storm Barry, which came ashore on Saturday in central Louisiana as a Category 1 hurricane, the first major storm to hit the U.S. Gulf of Mexico this season.

BASE METAL - Base metals may trade with upside path. LME copper slipped 0.3% to $5,965 a tonne after U.S.-China trade war concerns returned in the previous session. ShFE copper fell 0.5% to 49,760 yuan a tonne. China's top copper smelters meet in the city of Hunchun on Thursday to set their floor treatment and refining charges (TC/RCs) for the third quarter. Shanghai nickel prices rose more than 4% in early trade on Thursday to a one-year high, extending a rally for the metal into a ninth day as speculators continue to pile into the Shanghai Futures Exchange. Nickel, used to make stainless steel and batteries for electric vehicles, is now up more than 30% since the start of this year in Shanghai and is almost 37% higher in London. U.S. aluminium producer Alcoa says global aluminium demand growth for 2019 is estimated to range between 1.25%- 2.25% and continues to project a global aluminium deficit of 1 million-1.4 million tonnes this year.



Investment  trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance. CapitalStars Investment Adviser: SEBI Registration Number: INA000001647
For more details call on 9977499927 or visit our website www.capitalstars.com

Tuesday, 9 April 2019




BULLION - Bullion counter may witness some profit booking at higher levels as investors will eye the outcome of FOMC meeting minutes later today. Gold on Wednesday traded near a two-week high hit in the previous session, as investors worried about the trade tensions between the United States and Europe, and as the International Monetary Fund cut its global growth outlook. The International Monetary Fund on Tuesday cut its global economic growth forecasts for 2019 and warned growth could slow further due to trade tensions and a potentially disorderly British exit from the European Union. European Union leaders will grant British Prime Minister Theresa May a second delay to Brexit but they could demand she accepts a much longer extension as France pushed for conditions to limit Britain ability to undermine the bloc. Venezuela removed eight tonnes of gold from the central bank vaults last week, and the cash-strapped socialist state is expected to sell the bullion abroad as it seeks to raise hard currency in the face of U.S. sanctions, a lawmaker and one government source said.



ENERGY- Crude oil may remain with upside bias as oil prices edged back towards five-month highs on Wednesday, supported by ongoing supply cuts by producer club OPEC and U.S. sanctions against oil exporters Iran and Venezuela. Oil markets have been tightened this year by U.S. sanctions on oil exporters Iran and Venezuela, as well as supply cuts by the producer club of the Organization of the Petroleum Exporting Countries (OPEC) and some non-affiliated producers, a group known as OPEC+. Venezuelan oil output is estimated to have fallen from 1.19 million bpd in October to 890,000 bpd in March, while output from Iran has fallen from 3.33 million bpd to 2.71 million bpd due to sanctions. Declines from these two exempt countries account for almost 47 percent of the reduction seen from OPEC. Oil production in the United States has risen by more than 2 million barrels per day since early 2018, to a record 12.2 million bpd. U.S. dry natural gas production will rise to an all-time high of 91.00 billion cubic feet per day (bcfd) in 2019 from a record high of 83.39 bcfd in 2018, according to the Energy Information Administration's Short Term Energy Outlook (STEO) on Tuesday. 



BASE METAL - Base metals prices may trade with negative bias .Copper fell on Wednesday after the International Monetary Fund cut its global growth forecast and the United States threatened to slap tariffs on hundreds of European goods. The International Monetary Fund (IMF) cut its forecast for world economic growth this year to 3.3 percent from 3.5 percent previously, citing the U.S.-China trade war and a potentially disorderly British exit from the European Union. An indigenous community in Peru voted to suspend its two-month road blockade of MMG Ltd Las Bambas copper mine for two days until the government visits the region on Thursday. 


Investment  trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance. CapitalStars Investment Adviser: SEBI Registration Number: INA000001647
 
For more details call on 9977499927 or visit our website www.capitalstars.com


Thursday, 14 February 2019

Turmeric futures (Apr) is expected to take support near 6280 levels & witness short covering taking positive cues from the spot markets.


CAPITALSTARS INVESTMENT ADVISOR

Arrivals of new turmeric to the markets in Erode increased. The price of finger and root varieties of new turmeric, too, improved. The traders have purchased all the arrivals. The arrivals to improve further from next week and the traders may buy more as they have received some fresh upcountry demand. Jeera futures (Mar) is expected to rally towards 15700- 15800 levels, taking support near 15540. Spot jeera prices continued to rule steady at major markets in Gujarat in limited trade on Tuesday id matching demand and supply. This season, Gujarat has witnessed lower sowing, but due to cool weather persisting for a longer time, the yields are expected to get better. In Rajasthan, the climatic conditions are also proving to be beneficial for the standing crop & hence the production is likely to be higher. Coriander futures (Apr) is expected to plunge towards 6000-5900 levels. Spot coriander prices are trading with a bearish bias at major markets in Gujarat, Madhya Pradesh and Rajasthan due to heavy arrivals from the ample old stocks. While, prices quoted lower at major markets in Gujarat due to increased arrivals & having higher moisture content. On the other hand, there was no report of new crop arrival in Madhya Pradesh.

HAPPY TRADING!!!!!!!!!!!!!!!!!!
Click here to visit my website : https://bit.ly/1h8KZUM

Free Trial link : https://bit.ly/2u2GUhK

Any queries CALL US : 9977499927





CLICK HERE FOR GET DETAILS & JOIN OUR BEST ADVISORY  -
CAPITALSTARS CALL US : 9977499927

Wednesday, 13 February 2019

The short covering in soybean futures (Mar) may face resistance near 3790 levels.


India’s soybean output is likely to rise by a staggering 38 per cent this year on a sharp increase in average yield across the country, following favourable climatic condition in major cultivating states including Madhya Pradesh, Maharashtra and Rajasthan. Data captured through the latest assessment of farmers, traders and other stakeholders by the apex industry body the Soybean Processors’ Association (SOPA) showed India’s total soybean output standing at 11.48 million tonnes during the ongoing harvesting season as compared to 8.36 million tonnes in the previous season. Mustard futures (Apr) is expected to trade with an upside bias taking support near 3900 levels. Heavy rains and hailstorms that lashed northwestern India last week have caused damage to the oilseed. Ref. soy oil futures (Mar) is expected to trade with a negative bias & remain below 763 levels. The market participants are expecting huge soyoil imports near to 4 lakh tons in month of Feb. Bulk stocks shall continue to add pressure on market sentiments. The short covering in CPO futures (Feb) may remain restricted to 564 levels. Malaysian palm oil futures slipped on Tuesday, posting a third day of declines amid slowing export demand. On the international market, weak external markets, led by the falls in crude and U.S. soyoil, also weighed on palm.

HAPPY TRADING!!!!!!!!!!!!!!!!!!

Click here to visit my website : https://bit.ly/1h8KZUM

Free Trial link : https://bit.ly/2u2GUhK
Any queries CALL US : 9977499927





CLICK HERE FOR GET DETAILS & JOIN OUR BEST ADVISORY  -
CAPITALSTARS CALL US : 9977499927

Tuesday, 12 February 2019

Soybean futures (Mar) may witness more correction towards 3665 levels.

India’s soybean output is likely to rise by a staggering 38 per cent this year on a sharp increase in average yield across the country, following favourable climatic condition in major cultivating states including Madhya Pradesh, Maharashtra and Rajasthan. Data captured through the latest assessment of farmers, traders and other stakeholders by the apex industry body the Soybean Processors’ Association (SOPA) showed India’s total soybean output standing at 11.48 million tonnes during the ongoing harvesting season as compared to 8.36 million tonnes in the previous season. Mustard futures (Apr) is expected to trade with an upside bias taking support near 3900 levels. Heavy rains and hailstorms that lashed northwestern India last week have caused damage to the oilseed. Ref. soy oil futures (Mar) is expected to fall towards 756 levels. The market participants are expecting huge soyoil imports near to 4 lakh tons in month of Feb. Bulk stocks shall continue to add pressure on market sentiments. CPO futures (Feb) may witness correction towards 559 levels. Malaysian palm oil futures fell over 1 percent to their lowest in nearly three weeks on Monday as traders turned bearish due to a weaker outlook for exports. The drop is due to continuous appreciation in the ringgit & going ahead may selling activities may continue to be seen due to stronger Malaysian currency. A stronger ringgit, palm's currency of trade, usually makes the edible oil more expensive for foreign buyers. 


HAPPY TRADING!!!!!!!!!!!!!!!!!!
Click here to visit my website : https://bit.ly/1h8KZUM
Free Trial link : https://bit.ly/2u2GUhK
Any queries CALL US : 9977499927




CLICK HERE FOR GET DETAILS & JOIN OUR BEST ADVISORY  -
CAPITALSTARS CALL US : 9977499927

Monday, 11 February 2019

 Turmeric futures (Apr) may see more downside of 6300-6250 levels owing to lack of sufficient cues from the demand side which are failing to pull up the prices. 

CAPITALSTARS INVESTMENT ADVISER

On the spot markets, poor quality of new turmeric is arriving for sale due to which the stockiest are getting discouraged from fresh buying. The market participants are expecting upcountry demand but are getting very negligible numbers at present, hence getting the producers are not bringing their best quality produce. Though the production of Mysore turmeric at Karnataka area is in encouraging level, the farmers are bringing little quantity of the turmeric for sale every day. Jeera futures (Mar) has gone down to an extremely oversold zone & this week we may see some short covering with the counter expected to take support near 15300 levels. However, any sharp upside may not be seen as the fundamentals indicate that the current weather conditions over the major growing regions are conducive for the crop. This season, Gujarat has witnessed lower sowing, but due to cool weather persisting for a longer time, the yields are expected to get better. In Rajasthan, the climatic conditions are also proving to be beneficial for the standing crop & hence the production is likely to be higher. On the demand side, the exporters are almost inactive and waiting for the fresh crop to hit the markets. The increasing open interest week-on-week & decreasing trend of coriander futures (Apr) depict that we may witness more correction in the counter towards 6100 levels. Spot coriander prices are trading with a bearish bias at major markets in Gujarat, Madhya Pradesh and Rajasthan due to heavy arrivals from the ample old stocks.

HAPPY TRADING!!!!!!!!!!!!!!!!!!
Click here to visit my website : https://bit.ly/1h8KZUM
Free Trial link : https://bit.ly/2u2GUhK
Any queries CALL US : 9977499927
CLICK HERE FOR GET DETAILS & JOIN OUR BEST ADVISORY  -
CAPITALSTARS CALL US : 9977499927

Friday, 8 February 2019

The short covering in turmeric futures (Apr) is likely to face resistance near 6420 levels amid supply pressure of new crop & estimates of higher output.

The prices of old and new turmeric were increased. Though traders are not getting any upcountry demand for the turmeric, the traders quoted increased price for both the new and old turmeric. Jeera futures (Mar) is likely to remain below 15780 levels. Onthe pot markets, the prices are showing a negative reaction to the arrivals which are sharply higher than expectations & with buyers reported to be less, a selling pressure Is getting built over the counter. Coriander futures (Apr) is expected towitness lower level buying taking support near 6080 levels. The new coriander crop, which started coming into the key wholesale market of Ramganj in Rajasthan, is being sold at a price 20% higher than last year. Cardamom futures (Feb) may face resistance near 1620 levels. On the export front, the demand is getting dull as India is out of the league because of the pesticide issue with Saudi Arabia. The market participants are pessimistic and expecting that overseas sales of cardamom slump to an 11-year low. After a year of record high exports of 5,680 tons in 2017-18, it is being anticipated that in 2018-19, this figure may be in three digits of merely 900 tons. 

HAPPY TRADING!!!!!!!!!!!!!!!!!!
Click here to visit my website : https://bit.ly/1h8KZUM
Free Trial link : https://bit.ly/2u2GUhK
Any queries CALL US : 9977499927
CLICK HERE FOR GET DETAILS & JOIN OUR BEST ADVISORY  -
CAPITALSTARS CALL US : 9977499927