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Showing posts with label Stock Advisory Company in Indore. Show all posts
Showing posts with label Stock Advisory Company in Indore. Show all posts

Tuesday, 25 September 2018


BULLION:-

Gold prices nudged down early Wednesday on a firmer dollar, as investors waited for details of the U.S. Federal Reserve’s two-day meeting that should give clues whether policymakers will raise interest rates for the third time this year. Spot gold XAU= was down 0.1 percent at $1,200.18 at the time of writing. Investors await details from the two-day Federal Reserve meeting that began on Tuesday, with the U.S. central bank expected to raise benchmark interest rates and shed light on the path for future rate hikes. Higher U.S. interest rate typically pressure gold, since it costs to store and insure, but does not pay interest. U.S. consumer confidence surged to an 18-year high in September as households grew more upbeat about the labour market, pointing to sustained strength in the economy despite an increasingly bitter trade dispute between the United States and China. U.S. President Donald Trump’s top trade official said on Tuesday that changing China’s economic policies to become more market-oriented “is not going to be easy” even with tariffs now in place on $250 billion worth of Chinese goods.  

METALS:-

London copper fell for a third session in a row on Wednesday ahead of a widely expected U.S. interest rate hike and persistent worries over an escalating U.S.-China trade war. Fed funds rates futures implied traders are fully pricing in a rate hike on Wednesday, with an 85 percent chance the Fed will raise rates again in December. The Federal Reserve has already raised rates twice this year. Three-month copper on the London Metal Exchange was down 0.6 percent at $6,277.50 a tonne at the time of writing. On the Shanghai Futures Exchange, the most-traded November copper gained 0.6 percent to 50,500 yuan ($7,350) a tonne. With Wednesday’s rate hike expected, investor focus will be on the Fed’s policy statement and Chairman Jerome Powell’s press conference following the meeting. 

ENERGY:-

Brent oil edged further away from a four-year high on Wednesday and U.S. crude fell, after the U.S. said it would ensure crude markets are well supplied before sanctions are re-imposed on Iran and as President Donald Trump criticized high prices. Brent crude futures were down 43 cents, or 0.5 percent, at $81.44 a barrel at the time of writing, after gaining nearly 1 percent the previous session. Earlier on Tuesday, Brent hit its highest since November 2014 at $82.55 per barrel. U.S. crude futures were down 40 cents, or 0.6 percent at $71.88 a barrel. They rose 0.3 percent on Tuesday to close at their highest level since mid-July. However, Brent is on course for its fifth consecutive quarterly increase, the longest such stretch for the global benchmark since early 2007, when a six-quarter run led to a record-high of $147.50 a barrel.  



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Wednesday, 22 August 2018


BULLION:-
Gold prices fell on Thursday, after hitting their highest in over a week in the previous session, as fears of another round of U.S. tariffs on China and expectations of higher interest rates lifted the dollar. Spot gold was down 0.4 percent at $1,191.18 an ounce. Prices failed to hold the psychological level of $1,200, after hitting $1,201.51, their highest since Aug. 13, in the previous session. U.S. and Chinese officials met for the first time in over two months to find a way out of their deepening trade conflict, but there was no evidence the low-level discussions would halt a new round of U.S. tariffs due to go into effect on Thursday. Minutes of the Federal Reserve’s latest policy meeting suggested the U.S. central bank is on course to further raise interest rates. The Fed has raised rates twice this year and is widely expected to tighten policy again next month after leaving rates unchanged at their last meeting. Rising interest rates increase the opportunity cost of holding non-yielding gold while boosting the dollar, in which it is priced, making the yellow metal more expensive for buyers using other currencies. The dollar index, which measures the greenback against a basket of six major currencies, was up 0.3 percent at 95.411, after falling to its lowest in nearly three weeks at 94.934 on Wednesday. Markets are now eagerly watching for the Fed’s economic symposium in Jackson Hole, Wyoming, which will begin on Friday. Investors will wait to hear any change in stance from the central bank especially after President Donald Trump’s attack on its monetary policy early this week.

METALS:-
Copper prices slipped on Wednesday as worries about demand resurfaced ahead of trade talks between the United States and China that are seen as unlikely to yield progress. Benchmark copper on the London Metal Exchange ended down 0.7 percent at $6,005 a tone, after hitting a one-week high of $6,076 on Tuesday. U.S. and Chinese officials are set to resume contentious trade talks on Wednesday under the cloud of a prediction by U.S. President Donald Trump that there would be no real progress. The discussions among mid-level officials could set a framework for further negotiations as each country prepares to hit the other with new tariffs on Thursday in a deepening dispute over China’s economic policies. China accounts for nearly half of global copper consumption estimated at 24 million tones. The United States accounts for about 8 percent. China almost quadrupled the value of fixed-asset investment projects approved in July from the previous month as Beijing looked to accelerate infrastructure spending to stabilize the cooling economy. In news, China’s central bank said it will not resort to strong stimulus to support the slowing economy, but will keep liquidity reasonably ample and offer more help to companies that are having trouble obtaining financing. On supply side, cancelled warrants - material earmarked for delivery - for copper in LME-approved warehouses - have risen above 67,000 tones, from around 25,000 tones last week. The latest number is about 25 percent of LME copper stocks.

ENERGY:-
 U.S. oil prices on Thursday extended gains from the previous session on a fall in U.S. commercial crude inventories, while international crude markets were weaker due to the trade dispute between the United States and China. U.S. West Texas Intermediate (WTI) crude futures were at $67.95 per barrel, up 9 cents, or 0.1 percent, from their last settlement. U.S. commercial crude oil inventories fell by 5.8 million barrels in the week to Aug. 17 to 408.36 million barrels, the Energy Information Administration (EIA) said on Wednesday. International markets were more cautious as the ongoing trade spat between the United States and China was seen as a drag on economic growth. Brent crude oil futures were at $74.69 per barrel, down 9 cents from their last close. On the supply side, U.S. crude oil production C-OUT-T-EIA rose back to 11 million barrels per day, the EIA report said. That means the world’s three top producers, Russia, the United States and Saudi Arabia, now all churn out around 11 million bpd, meeting a third of global demand.


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.


Thursday, 16 August 2018



BULLION:-

Gold prices on Thursday hit their lowest in more than 19 months, with the US dollar holding steady near a recent peak as concerns about a Turkey crisis and China’s economic health weighed on emerging market currencies. The United States on Wednesday ruled out removing steel tariffs that have contributed to a currency crisis in Turkey even if Ankara frees a U.S. pastor, as Qatar pledged $15 billion in investment to Turkey, supporting a rise in the Turkish lira. The United States on Wednesday imposed sanctions on a Russian port service agency and Chinese firms for aiding North Korean ships and selling alcohol and tobacco to Pyongyang in breach of U.S. sanctions aimed at pressuring North Korea to end its nuclear programs. Some emerging market countries pared their holdings of U.S. Treasuries in June, data from the U.S. Treasury department showed on Wednesday, in what analysts viewed as a move to support their currencies as the Federal Reserve started raising interest rates this year. U.S. retail sales rose more than expected in July as households boosted purchases of motor vehicles and clothing, suggesting the economy remained strong early in the third quarter. China’s state planner pledged on Wednesday to keep debt levels under control even as Beijing rolls out fresh stimulus to support the stumbling economy as a trade war with the U.S. deepens.

METALS:-

Copper prices fell to a fresh 13-month low after data showed fixed-asset investment in China slowed to a nearly two-decade low in the first seven months of the year. A strike had been averted at the world's largest copper mine put a cap on hopes of recovery for the bellwether metal. Reuters reported that management at Chile’s Escondido, said it struck a deal on Wednesday on a new labor contract with the union representing most of its workers. Large rises in zinc stocks stored in LME-approved warehouses have created $16 a tone discount between the cash and three-month contracts from a premium of about $60 a tone at the end of July. LME stocks, at 256,175 tones, have jumped more than 10 percent since last week. China’s primary aluminum production climbed 12 percent in July from the same period a year ago, equaling its monthly record, as new smelters took output back towards levels before capacity closures in mid-2017. According to Japan's Ministry of Finance, Japan's Merchandise Trade Balance contracted by much more than expected, sinking to ¥-231.2 billion compared to the expected ¥-41.2 billion. The prior trade balance was ¥720.8 billion. The adjusted trade balance also missed and printed in contraction, coming in at ¥-45.6 billion versus the expected ¥20.7 billion surplus. Exports sank to 3.9% y/y compared to the forecast 6.3%; previous was 6.7%. Imports surged to 14.6% y/y, last was 2.6%. Exports to the US declined in July by 5.2% y/y, while exports to China lifted 11.9% y/y.

ENERGY:-


Oil prices plunged after government data showed a big, unexpected jump in stockpiles of U.S. crude, compounding pressure as the outlook for global economic growth darkened and the stock market slumped. After the American Petroleum Institute surprised markets by reporting a build of 3.66 million barrels for the week ending August 10, the Energy Information Administration confirmed a build, but reported that it had been significantly bigger at 6.8 million barrels. The EIA reported that at 414.2 million barrels, U.S. crude oil inventories are a bit above the five-year average for the season. In gasoline, inventories were down by 700,000 barrels last week, compared with a build of 2.9 million barrels a week earlier but slightly above the seasonal average. Gasoline production averaged 10.2 million bpd, from 9.9 million bpd the week before last. Distillate inventories added 3.6 million barrels last week, after a build of 1.2 million barrels in the prior week, with production averaging 5.3 million bpd, up by 100,000 bpd on the previous week. Meanwhile the market is worrying about supply from Venezuela and preparing for the last round of U.S. sanctions against Iran, which will target its oil industry specifically. Some oil bulls are preparing for oil prices of US$150 and even US$200, Reuters reported yesterday, citing prominent hedge fund manager Pierre Andorran and Jean-Louis Mee, chief executive of West beck Capital.


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.

Friday, 10 August 2018


CS GOLD (OCT) OVERVIEW: TREND : SIDEWAYS RESIST 
2: 29810 RESIST
1: 29730 SUP
1: 29590 SUP
2: 29480
CS SILVER (SEP) OVERVIEW: TREND : SIDEWAYS RESIST
 2: 38370 RESIST
1: 38200 SUP
1: 37940 SUP
2: 37800

Base Metals

CS COPPER (AUG) OVERVIEW: TREND : SIDEWAYS RESIST
 2: 430.00 RESIST
 1: 426.00 SUP
1: 418.00 SUP
2: 415.00
 CS NICKEL (AUG) OVERVIEW: TREND : BULLISH RESIST
2: 976.00 RESIST
 1: 964.00 SUP
 1: 945.00 SUP
 2: 938.00
 CS ZINC (AUG) OVERVIEW: TREND : BEARISH RESIST
 2: 186.00 RESIST
 1: 184.00 SUP
 1: 179.00 SUP
 2: 177.00
 CS LEAD (AUG) OVERVIEW: TREND : SIDEWAYS RESIST 
2: 150.00 RESIST
 1: 147.50 SUP
 1: 143.50 SUP
2: 141.50
 CS ALUMINIUM (AUG) OVERVIEW: TREND : BULLISH RESIST
 2: 148.50 RESIST
 1: 146.50 SUP
1: 140.50 SUP
2: 138.50
 Energies 
CS CRUDE OIL (AUG) OVERVIEW: TREND : BEARISH RESIST
 2: 4670 RESIST
1: 4640 SUP
 1: 4570 SUP
 2: 4530

MCX CRUDE AUG on Thursday as seen in the Daily chart opened at 4585 levels and made day low of 4566 levels. During this period crude came up to 4635 levels and finally closed at 4602 levels. Now, there are chances of down movement technically & fundamentally.

  •  Oil prices on Friday edged up on worries that reimposed U.S. sanctions against Iran would tighten supplies, although the escalating trade dispute between Washington and Beijing held markets back from further gains.
  •  On a weekly basis, Brent is set for a 1.5 to 2 percent fall, while WTI is heading for a drop of around 2.5 percent.

DAILY RECOMMENDATION: SELL MCX CRUDE OIL AUG BELOW 4600 LEVELS FOR TARGET OF 4560/4520 WITH SL 4675 OF LEVELS


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.

Thursday, 9 August 2018


Gold nudges up as dollar hits 2-week low vs. the yen.

Gold prices rose slightly on Thursday, after gaining for two straight sessions, supported by a slightly weaker dollar versus the yen in Asian trade. The Japanese yen rose to two-week high against the dollar on Thursday ahead of trade talks between the United States and Japan and amid speculation over when the Japanese central bank will exit its ultra-easy monetary policy. USD/ U.S. dollar also slipped against the Chinese yuan but held steady against other major rivalsThe U.S. Federal Reserve has raised benchmark interest rates two times so far this year and targets two more hikes in the near-term with the next one slated to come in September. Higher U.S. rates tend to boost the dollar and treasury yields, adding pressure on greenback-denominated, non yielding gold.

China’s energy vehicle sales hold steady in July and tariffs on copper scrap imports from the US.

New-energy passenger vehicle sales in China came in at 42,000 units in July, little changed from a month ago, according to data from the China Passenger Car Association (CPCA). The data also showed that a total of 1.7 million units of passenger vehicles were sold in China last month, down 4.6% month on month but up 5.5% year on year. Included in the passenger vehicle category are sedans, sport utility vehicles (SUV), multi-purpose vehicles (MPV) and mini-vans. Tariffs on copper scrap imports from the US are likely to weigh on the supply in the Chinese market. We expect copper prices to strengthen in the short term.

Nickel rebound as a weakened US dollar and low stocks at SHFE warehouses accounted for the increase.

On weakened US dollar, LME nickel climbed up gradually with support at the daily moving average. It increased 1.2% from Tuesday to close at $14,040/mt with inventory down 918 mt to 250,548 mt. The SHFE 1811 contract also gained 0.73% on high downstream demand and falling stock across SHFE warehouses. We expect the contract to hover at 114,500-115,500 yuan/mt today with LME nickel trading robustly around $14,000/mt. Spot prices are set at 114,000-116,500 yuan/mt.
Oil prices rebound slightly after heavy declines over trade dispute.

Oil prices rebounded on Thursday after heavy losses in the previous session that came as the China-U.S. trade dispute escalated, with official Chinese data indicating energy demand in the world's top importer has yet to recover its strength. China is slapping tariffs of 25 percent on a further $16 billion in imports from the United States, from fuel and steel products to autos and medical equipment. The ongoing trade war is rattling global markets and investors fear any slowdown in the world's two largest economies would slash demand for commoditiesChina's crude imports recovered slightly in July after two months of decline, but were still among the lowest this year due to a drop-off in demand from smaller independent refineries. the world's top importer of crude, took 8.48 million barrels per day (bpd) last month, up from 8.18 million bpd a year earlier and June's 8.36 million bpd, customs data showed.


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.


Wednesday, 8 August 2018


BULLION:-

Gold prices were steady early Thursday, after gaining for two straight sessions, as the dollar extended losses. The yen was broadly higher on Thursday on trade tensions and on revelations the Bank of Japan is under pressure to move away from its accommodative policy. Asian shares were subdued on Thursday after a new round of tit-for-tat tariffs in the U.S.-Sino trade conflict torpedoed oil prices, while the Russian rouble tumbled as the U.S. slapped fresh sanctions on the country. China is putting additional tariffs of 25 percent on $16 billion worth of U.S. imports from fuel and steel products to autos and medical equipment, as the world’s largest economies escalated their trade dispute. China’s exports surged more than expected in July despite U.S. duties and its closely watched surplus with the US remained near record highs, as the world’s two major economic powers ramp up a bitter dispute that some fear could derail global growth. Washington said on Wednesday it would impose fresh sanctions on Russia by the end of August after it determined that Moscow had used a nerve agent against a former Russian agent and his daughter in Britain. The United States is “not willing to wait for too long” for North Korea to take steps toward denuclearization, U.S. Ambassador to the United Nations Nikki Haley said on Wednesday. The U.S. economy is strong enough to warrant further interest rate increases by the Federal Reserve, Richmond Fed President Thomas Barkin said on Wednesday.

METALS:-

Copper sprices surged more than 1% in early trades on Thursday as China’s consumer inflation picked up from the previous month, largely due to a rise in non-food prices, official data showed on Thursday. The consumer price index (CPI) rose 2.1 percent from a year earlier, beating expectations of 1.9 percent which was unchanged from June's growth, but still within the governments’ comfort zone of 3 percent. On a month-onmonth basis, the CPI rose 0.3 percent. London copper ticked higher on Wednesday as the dollar weakened against a basket of major currencies as its recent rally fueled by U.S.-China trade tensions appeared to fizzle, with nickel hitting a one-week peak. China’s imports of copper concentrate rose to an all-time high last month as Chinese smelters ramped up purchases to feed their growing capacity and take advantage of high processing charges. China’s aluminium exports rose to their second-highest level on record in July, as a weaker yuan and a still-favourable price arbitrage to international markets outweighed the imposition of U.S. import tariffs and growing trade tensions. Aluminium jumped more than 3 percent to a two-week high of $2,113.50 per tonne, in a flurry of activity in afternoon trade that saw volumes double within a couple hours.

ENERGY:-

Oil prices slid about 3 percent on Wednesday as a trade dispute between the United States and China escalated further and after Chinese import data showed a slowdown in energy demand. China is slapping additional tariffs of 25 percent on $16 billion worth of U.S. imports, from fuel and steel products to autos and medical equipment. The escalating trade war has rattled global markets. Investors fear a potential slowdown of the world’s two largest economies would slash demand for commodities. China’s crude imports recovered slightly in July after two straight monthly declines, but remained low due to a drop-off in demand from smaller independent refineries. Shipments into the world’s biggest importer of crude last month rose to 8.48 million barrels per day from 8.18 million bpd a year earlier and June’s 8.36 million bpd, customs data showed. However, July imports were still the third lowest so far this year. Also weighing on prices, the U.S. Energy Information Administration reported that crude inventories fell just 1.4 million barrels in the latest week, less than half the 3.3 million-barrel draw analysts had expected. Prices drew some support from U.S. sanctions against Iran, introduced Tuesday in a range of sectors. From November, Washington will target the petroleum sector in Iran, the No. 3 producer in the Organization of the Petroleum Exporting Countries. An Iranian newspaper reported that Foreign Minister Mohammad Javad Zarif said a U.S. plan to reduce Iran’s oil exports to zero will not succeed.



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.

Thursday, 2 August 2018

 
By the end of July every year, millions of children get out of a new job letter from the campus campus. If you get good money at the beginning of the job, then there is no worry for the future. But money is needed in the future. In such a situation, if you save 1200 rupees per month before the start of the job, the fund of one lakh rupees can be easily prepared in two to five years. This savings can be done in post office, from bank to mutual funds.

Make a bank-post office or mutual fund investment plan
There are three options to fund one lakh rupees. In these options, a fund of Rs 1 lakh can be prepared from 2 to 5 years. Where the investment in the post office will start from Rs. 1400 rupees, the investment in the bank will start from Rs. 1900 and a fund of Rs. 1 lakh will be ready. But if someone wants to have a fund of Rs 1 lakh in his investment less than that, then he has to invest in mutual funds. Here the fund will be set up with an investment of Rs. 1200 / month.

RD is not less than 5 years in the post office
The post office only has RD for 5 years. So here we have to invest for at least 5 years. At present, the post office on the 5-year RD is paying an interest of 6.9 percent. If someone wants to set up a fund of Rs. 1 lakh here, then make plans in this manner.


Post Office Investment Plan

  • Start from month -1400 Rupees every month

  • -5 years to run this investment

  • -The interest rate is 6.9 percent

  • Fund will be prepared for Rs.1 lakh

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.


The stock market has created new hai many times in the last few trading sessions. The risk of selling has increased even after reaching new heights of the stock market. In this way, many investors are avoiding the risk of making big investments in the market right now. Experts also believe that higher valuations can be sold in stocks. However, he believes that the market can show further growth. In such a situation, investing in good shares with small amounts in the market right now would be a better strategy. We have selected 5 stocks from the brokerage house, which are less than Rs. 100. At the same time, it can get returns up to 75 percent further.

Better portfolio with less risk
Experts believe that investors should put their amounts in a stock and not in a stock. This means investor investing in better stocks of small unit cost. In these stocks of Rs 100, an investor can invest in a very small amount and can create a better portfolio of many stocks. This not only reduces their risk. In addition, stocks will also have the advantage of growth.

What stocks invest in

South Indian Bank
The South Indian Bank is a Mid-sized Bank in the Private Sector. It has 855 branches and 1386 ATMs across the country. Mainly bank business in South India. The bank has a strong customer in the South. The loan book of the bank is getting stronger. The deposit has improved in the bank. Both Ripley and SMEs have growth in the segment. Focus on improving management asset quality. The brokerage house, Cholamandalam Securities Limited has set a target of Rs 26 for the stock. For the current price of 18 rupees, the share can get 45 percent return.

Tata Power
Tata Power is India's largest power generation company. The company has been consistently strengthening its balance sheet. The company will have the advantage of increasing the demand for power in the coming days. In the first quarter of the fiscal year 2019, Tata Power's profits have gone up by more than 5 times to Rs 1,769 crore. In the first quarter of the fiscal year 2018, Tata Power's profit was Rs. 391 crores. At the same time, the income increased by 14 percent to Rs 7313 crore. Brokerage house Elvis has given a target of 92 rupees for the stock. For the current price of 72 rupees, the share can get 28 percent returns. 

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.

Wednesday, 1 August 2018

Capitalstars Video Gallery, Equity Tips Free Trading Tips, Financial Advisory Company in Indore, ‪intraday stock tips, mcx tips, sebi registered advisory company, Stock Advisory Company in Indore,
Gold prices rose on Tuesday, reversing early losses as the Chinese yuan strengthened against the dollar after a report said the United States and China were trying to restart negotiations to defuse a trade war.
In early trade, a stronger dollar and rising U.S. interest rates had sent bullion falling to its lowest in a week and a half.
Spot gold rose 0.3 percent to $1,224.48 per ounce by 1:43 p.m. EDT (1743 GMT), rebounding after touching its lowest since July 19. The precious metal is heading for a 2 percent monthly decline.
U.S. gold futures for August delivery settled up $2.40, or 0.2 percent, at $1,223.70 per ounce.
The Chinese yuan had been weakening against the dollar, pressuring greenback-denominated gold. That pressure abated, providing gold some support, McKay added.
The dollar was slightly higher versus a currency basket, following a three-month streak of gains, with the U.S. Federal Reserve set to reaffirm the outlook for further gradual rate rises at the end of its two-day monetary policy meeting on Wednesday.
Higher U.S. interest rates tend to boost the dollar, making dollar-priced gold more expensive for holders of other currencies.
Meanwhile, silver gained 0.3 percent at $15.53 an ounce, poised to end the month down more than 3 percent.
Platinum rose 2.1 percent to $841.10 per ounce, headed for a monthly decline of less than 1 percent. Palladium increased 0.7 percent at $935.30, set to end July down about 2 percent.


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.

Tuesday, 31 July 2018

Commodities-Market-1

Gold prices mixed ahead of central bank decisions. 
Gold prices traded sideways in a narrow range on Tuesday, with investors in a wait-and-see mode ahead of the outcome of central bank monetary policy meetings. Investors are awaiting a Bank of Japan monetary policy decision on Tuesday. The bank is expected to trim its inflation forecasts and consider changes to its massive stimulus program, reflecting a growing recognition it will take longer than expected to meet its elusive price goal The U.S. central bank has raised benchmark lending rates twice this year and signalled two more increases by the year's end. Higher U.S. rates tend to boost the dollar, making greenback-denominated gold more expensive for holders of other currencies.

Copper rose in LME as strike in Chile and weaker dollar.
LME copper rose and closed at $6,245/mt on Monday due to the strike in Chile and a weaker US dollar. Market participants should monitor shorts today after China’s official manufacturing purchasing managers’ index (PMI) slipped for July. We expect LME copper to trade at $6,200-6,250/mt today.

Nickel fell down in LME as supply increase. 
Nickel prices gained low inventories across LME and domestic warehouses, tight supply of nickel pig iron. Profit growth for China’s industrial firms eased in June from the previous month, data showed, as factory production slowed amid the worsening trade U.S. dispute and Beijing’s efforts to cut pollution and debt. Nickel stocks in Shanghai bonded warehouses fell further over the week to 57,500 mt, data showed. This is down 1.7% on the week as active transactions saw Norilsk materials flow into the domestic market when import window was open.

Oil prices drop on oversupply concerns as OPEC output increased in July.
Oil prices fell on Tuesday, with Brent futures set for their biggest monthly loss in two years, on oversupply concerns after a report showed OPEC's output in July rose to its highest for 2018. A Reuters survey showed the Organization of the Petroleum Exporting Countries (OPEC) increased production in July, hiked production by 70,000 barrels per day (bpd) to 32.64 million bpd, the most this year. The group has pledged to reduce the amount of oil output they are curtailing to offset the loss of Iranian supply as looming sanctions have already started to cut exports from OPEC's third-largest producer. U.S. President Donald Trump appeared to soften his approach to Iran, saying on Monday he would meet with President Hassan Rouhani without any preconditions. United States has indicated that it wants Iranian exports cut to zero under the sanctions it pledged to reintroduce in May and that would go fully into effect in November.


CS GOLD (OCT) OVERVIEW:
TREND : SIDEWAYS 
RESIST 2: 30000 
RESIST 1: 29900 
SUP 1: 29800 
SUP 2: 29700
CS SILVER (SEP) OVERVIEW:
TREND : BEARISH 
RESIST 2: 38550 
RESIST 1: 38400 
SUP 1: 38200 
SUP 2: 38050
CS COPPER (AUG) OVERVIEW: 


TREND : BULLISH 

RESIST 2: 430.00 

RESIST 1: 427.50 

SUP 1: 422.00 

SUP 2: 420.00

CS NICKEL (JULY) OVERVIEW: 

TREND : SLIGHTLY 

BULLISH 

RESIST 2: 957.50 

RESIST 1: 952.50 

SUP 1: 937.00 

SUP 2: 931.50

CS ZINC (JULY) OVERVIEW: 

TREND : SLIGHTLY 

BULLISH 

RESIST 2: 182.50 

RESIST 1: 181.50
SUP 1: 178.50
SUP 2: 176.50

CS LEAD (JULY) OVERVIEW: 

TREND : BEARISH 

RESIST 2: 149.00
RESIST 1: 148.00 

SUP 1: 145.00 

SUP 2: 144.50

CS ALUMINIUM (JULY) OVERVIEW: 

TREND : SIDEWAYS 

RESIST 2: 143.50 

RESIST 1: 142.50 

SUP 1: 140.50 

SUP 2: 139.50

CS CRUDE OIL (AUG) OVERVIEW: 

TREND : SIDEWAYS 

RESIST 2: 4930 

RESIST 1: 4880 

SUP 1: 4740 

SUP 2: 4680

CS NATURAL GAS (AUG) OVERVIEW: 

TREND : BULLISH 

RESIST 2: 195.00 

RESIST 1: 193.50 

SUP 1: 191.50 

SUP 2: 190.00


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.

Monday, 30 July 2018


Gold prices slipped on Monday as the dollar stood tall against its peers ahead of key central bank meetings and U.S. inflation and payrolls data this week.
Spot gold was down about 0.3 percent at $1,219.70 an ounce at 0656 GMT. U.S. gold futures were 0.3 percent lower at $1,219 an ounce.
The dollar remained broadly supported in Asia against major rivals on Monday, as market participants awaited central bank meetings this week, which could set the near-term course for currencies.
The greenback also climbed to a 13-month high versus China's yuan.
Investors are also focusing on the Bank of Japan meeting for signs of a potential shift in policy.
The Bank of England is due to announce a policy decision on Thursday.
Asian shares drifted lower on Monday at the start of a busy week peppered with corporate results and updates on U.S. inflation and payrolls, as well as the central bank meetings.
Spot gold still targets a range of $1,206-$1,214 per ounce, as its bounce from the July 19 low of $1,211.08 has completed, according to Reuters technicals analyst Wang Tao.
Hedge funds and money managers increased their net short position in COMEX gold contracts to a record in the week to July 24, U.S. Commodity Futures Trading Commission (CFTC) data showed on Friday.
Investors added 5,001 contracts to their net short position, bringing it to 27,156 contracts, the biggest on record dating back to 2006, CFTC data showed.
In other precious metals, silver fell 0.3 percent at $15.41 per ounce, after hitting a one-week low at $15.29 in the previous session.
Platinum fell 0.5 percent to $821 while palladium rose 0.5 percent to $925.90.

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