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Showing posts with label intraday tips. Show all posts
Showing posts with label intraday tips. Show all posts

Friday, 24 May 2019


mcx update


BULLION - Bullion counter may trade with upside bias as gold prices held steady on Friday after rising above $1,280 in the previous session as weaker U.S. data pushed back the dollar and reignited hopes of a rate cut by the Federal Reserve this year. The U.S. dollar retreated after hitting its highest level in two years as weaker domestic data and the potential economic fallout from the trade war with China increased expectations for an interest-rate cut this year. Sales of new U.S. single-family homes fell from near an 11-1/2-year high in April as prices rebounded and manufacturing activity hit its lowest level in almost a decade in May, suggesting a sharp slowdown in economic growth was underway. The U.S. military said it sent two Navy ships through the Taiwan Strait on Wednesday, its latest transit through the sensitive waterway, angering China at a time of tense relations between the world two biggest economies. Bullion is often seen as a safe-haven investment in times of political or economic uncertainty.



ENERGY- Crude oil may witness some short covering at lower levels as oil markets stabilized on Friday amid OPEC supply cuts and tensions in the Middle East, after posting their steepest falls since the start of the year earlier in the week on the back of a global economic slowdown and swelling fuel inventories. The Organization of the Petroleum Exporting Countries (OPEC) has led supply cuts since the start of the year aimed at tightening the market and propping up prices. Increasing (oil) inventories and slumping U.S. manufacturing activity exacerbated trade related concerns about global demand. U.S. natural gas futures rose on Thursday on a smaller than expected storage build and forecasts for warmer weather and higher cooling demand. 



BASE METAL - Base metals may trade with slightly positive bias. Copper prices rebounded on Friday from their lowest since Jan. 14 hit in the previous session, as the U.S. dollar eased, but were heading for their sixth straight week of losses on a prolonged U.S.-China trade war. Codelco's giant Chuquicamata mine is set for a 40% drop in production over the next two years, an internal forecast seen by Reuters shows, pointing to the sharp challenge facing the world's top copper miner as it scrambles to maintain output. U.S. President Donald Trump said on Thursday Huawei could be included in the U.S.-China trade deal after last week banned U.S. firms from doing business with the Chinese company, which is the world's largest telecoms network gear maker. Chinese steel futures edged down on Friday on worries about oversupply amid an increase in utilisation rates at mills, but they remained on track for a weekly gain. 


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

Wednesday, 15 May 2019


mcx tips

BULLION - Bullion counter may trade on volatile path an uptick in equities offset support from doubts over trade talks between the United States and China. Asian shares steadied on Thursday on news that U.S. President Donald Trump is planning to delay tariffs on auto imports, providing much needed relief to markets hit by a flare-up in trade tensions and on weak U.S. and Chinese economic data. President Trump is expected to delay a decision on imposing tariffs on imported cars and parts by up to six months, three Trump administration officials told Reuters, avoiding opening yet another front in his global trade battles. Meanwhile, U.S. Treasury Secretary Steven Mnuchin said on Wednesday he will likely travel to Beijing soon to continue negotiations with Chinese counterparts as the world two biggest economies try to salvage talks aimed at ending their months long trade war. China Gold International first quarter gold production fell 5% to 44,023 ounces from 46,264, the company reported on Wednesday.

ENERGY- Crude oil may trade with upside bias as oil prices edged up on Thursday to extend gains into a third straight session, as tensions in the Middle East stoked fears of potential disruptions to supply. Oil was drawing support from heightened tensions in the Middle East, with helicopters carrying U.S. staff from the American embassy in Baghdad on Wednesday out of apparent concern about perceived threats from Iran. Crude oil may take support near 4300 and can test 4450 .U.S. crude inventories rose unexpectedly last week to their highest since September 2017, while gasoline stockpiles decreased more than forecast, the Energy Information Administration (EIA) said. Crude stocks swelled by 5.4 million barrels, surprising analysts who had expected a decrease of 800,000 barrels. Natural gas may dip lower as it can test 180 while taking resistance near 188. U.S. natural gas futures on Wednesday fell from a four-week high in the previous session on forecasts for heating demand to decline over the next two weeks and expectations that a federal report will show a much bigger-than-usual storage build on Thursday.

BASE METAL - Copper and most other base metals fell on the London Metal Exchange on Thursday, as investors remained cautious after weaker-than-expected Chinese retail sales and industrial output data. The figures for April largely pointed to a loss of momentum, after surprisingly upbeat March readings had raised hopes the economy was slowly getting back onto a firmer footing and would require less policy support. State miner Codelco, the world's top copper producer, said on Wednesday that it has agreed on a new labour contract with the union of supervisors at its small Salvador mine in northern Chile. Alumina prices in northern China touched their highest in almost five months on Wednesday as production shutdowns in Shanxi province left the market fearing a supply shortage. Mexico is close to resolving its dispute with the United States over steel and aluminium tariffs without quotas but hopes Canada can reach a similar agreement before completing it, a senior Mexican official said on Wednesday.


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

Monday, 13 May 2019



BULLION - Bullion counter may trade on upside bias as gold steadied on Tuesday, having recouped the key $1,300-level in the previous session, after Beijing's announcement of a retaliatory tariff-hike to counter Washington rocked risk sentiment, embellishing appetite for safe-haven assets. China said on Monday it would impose higher tariffs on most U.S. imports on a revised $60 billion target list, hitting back at a tariff hike by Washington on $200 billion of Chinese goods. U.S. President Donald Trump said he would meet Chinese President Xi Jinping next month as the trade war between the world's two largest economies intensified, sending shivers through global markets. China raised gold holdings by 11.20 tonnes to 1,885.54 tonnes in March, the International Monetary Fund (IMF) said on Monday.

ENERGY- Crude oil may trade with sideways bias as oil prices were moving higher on Tuesday, though gains were checked amid an escalation in the trade war between the United States and China. Headlines from the Middle East grabbed attention early in the session after Saudi Arabia said two of its oil tankers were among those attacked off the coast of the United Arab Emirates, describing it as an attempt to undermine security of supply amid United States-Iran tensions. China on Monday ignored a warning from U.S. President Donald Trump and moved to impose higher tariffs on a range of U.S. goods including frozen vegetables and liquefied natural gas. The U.S. Energy Department said on Monday that it was confident global oil markets are well supplied. U.S. natural gas futures edged up to a four-week high on Monday as record liquefied natural gas (LNG) exports and higher estimated demand for next week than previously forecast offset an increase in production.

BASE METAL - Base metals prices may witness some short covering at lower levels as most industrial metals rose on bargain buying on Tuesday after prices tumbled in recent sessions due to escalated trade tensions between China and the United States. Copper inventories in warehouses approved by the London Metal Exchange fell further on Friday to its lowest since April 25 at 203,750 tonnes, latest data showed. The copper market should see a deficit of 189,000 tonnes this year, widening to 250,000 tonnes in 2020, the International Copper Study Group (ICSG) said on Monday. World refined output is likely to increase by about 2.8% and 1.2% in 2019 and 2020 respectively, while demand is expected see an increase of about 2% and 1.5%, the group said.


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, 9 May 2019


BULLION - Bullion counter may trade on sideways bias as gold prices were steady on Friday, buoyed as investors shied away from riskier assets amid worries that a rift over trade between the United States and China could deepen if talks between the two fail to reach a deal. Top U.S. and Chinese trade negotiators concluded the first of two days of talks on Thursday to rescue a trade deal that is close to collapsing as Washington prepares to go ahead with plans to hike tariffs on hundreds of billions of dollars of goods imported from China. South Africa�s gold output fell 17.7 percent year-on-year in March compared to a contraction of 20.6 percent in February, Statistics South Africa said. 

ENERGY- Crude oil may trade with sideways to upside bias as U.S. oil prices rose on Friday on renewed optimism that a trade deal between Washington and Beijing could be struck, as investors have feared that a protracted tariff war would harm global economic growth. The trade optimism comes amid efforts by the Organisation of Petroleum Exporting Countries to crimp supply, as well as expectations that demand will rise. The U.S. Energy Information Administration expects global oil demand to rise by 1.4 million barrels per day (bpd) this year. U.S. natural gas futures eased on Thursday following the release of a federal report showing a bigger-than-usual weekly storage build. Even before the U.S. Energy Information Administration (EIA) issued the storage report, however, traders noted prices were down with an expected increase in output despite forecasts for a small increase in heating demand next week and near-record liquefied natural gas (LNG) exports. 

BASE METAL - Base metals prices may trade with upside bias. Prices of copper and most other industrial metals rose on Friday, as investors looked to some signs of easing trade tensions between the United States and China, which have been threatening economic growth. China appealed to the United States to meet it halfway to salvage a deal that could end their trade war, after U.S. President Donald Trump ordered a tariff hike in response to China revising a draft deal and weakening commitments. Investors were also relieved that Chinese Vice Premier Liu He went to Washington to conduct talks with U.S. officials as scheduled, after worries arose earlier in the week that he would not come. China's construction rebar futures drifted higher on Friday, following a broader rally across assets, as investors hoped that the U.S. and China get closer to a trade deal.


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

Wednesday, 1 May 2019

mcx tips

BULLION - Bullion counter may trade on negative bias as gold steadied on Thursday, holding just above a one-week low touched in the previous session after comments from U.S. Federal Reserve Chairman Jerome Powell dashed hopes of a near-term rate cut, boosting the dollar. The dollar took a breather in Asia on Thursday after markets were whipsawed by mixed messages on policy from the Federal Reserve. On Wednesday the dollar rose after the Fed held interest rates steady and signalled little appetite to adjust them any time soon, taking heart in continued job gains and economic growth and the likelihood that weak inflation will edge higher. Venezuelans heeded opposition leader Juan Guaido call to take to the streets on Wednesday in a bid to force President Nicolas Maduro from power, but there was little concrete sign of change in a crisis that increasingly looks like a political stalemate.

ENERGY- Crude oil may continue to extend losses as oil prices fell on Thursday, pulled down by record U.S. crude production that led to a surge in stockpiles. Outside the United States, however, oil markets remained tense as exemptions to U.S. sanctions on Iran expired, a political crisis in Venezuela escalates, and as producer club OPEC keeps withholding supply. U.S. crude stockpiles last week rose to their highest since September 2017, jumping by 9.9 million barrels to 470.6 barrels, as production set a record high of 12.3 million barrels per day (bpd), while refining activity rates fell, the Energy Information Administration (EIA) said on Wednesday. Outside the United States, however, oil markets remained tight amid the political crisis in Venezuela, tighter U.S. sanctions against Iran that allow no more exemptions from May, and as the Organization of the Petroleum Exporting Countries (OPEC) continues to withhold supply in order to prop up prices. Oman energy minister Mohammed bin Hamad al-Rumhy said on Wednesday it was OPEC goal to extend the cuts, which were started in January, when they next meet in June. Despite the desire of many OPEC members to keep withholding supply to prop up the market, the group may be forced into action. 

BASE METAL - Base metals prices may trade with sideways bias. Most base metals except copper and zinc on Thursday rose from a tumbling session in the previous day, with progress in the U.S.-China trade talks lending some support. The United States and China are nearing a trade deal that would roll back a portion of the $250 billion in U.S. tariffs on Chinese goods, Politico reported on Wednesday. Base metals slumped on the London Metal Exchange (LME) on Wednesday, with aluminium and lead hitting their lowest in more than two years, as computer-driven funds sold after an options expiry amid concerns about China demand. U.S. Treasury Secretary Steven Mnuchin said on his Twitter account that the two countries have completed productive talks in Beijing. Three-month copper on the London Metal Exchange edged down 0.2 percent to $6225 a tonne, while zinc fell 1.1 percent after Wednesday data showed zinc stocks in LME-approved warehouse rose to 85,050 tonnes, its highest since Feb. 19. 


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

Monday, 29 April 2019

Mcx update

BULLION - Bullion counter may trade on positive bias as gold edged up on Tuesday as Asian shares fell ahead of the release of a raft of economic data and the U.S. Federal Reserve two-day meeting which will decide the trajectory of interest rates. Growth in China factory activity unexpectedly slowed in April, an official survey showed on Tuesday, suggesting the economy is still struggling to regain traction despite a flurry of support measures. The market is now eyeing a bevy of economic data from the euro zone and the Fed statement on Wednesday. The Federal Reserve is expected to hold interest rates steady as policymakers balance recent stronger-than-expected U.S. economic growth against sluggish inflation. China net gold imports via main conduit Hong Kong in March rose 9.8 percent from the previous month, Hong Kong government data showed on Monday.

ENERGY- Crude oil may witness some profit booking as oil prices dipped on Tuesday on expectations rising output from the United States and producer club OPEC would offset most of the shortfall expected from U.S. sanctions on Iran, but analysts said markets remained tight. Oil prices surged by around 40 percent between January and April, lifted by supply cuts led by the Middle East-dominated producer club of the Organization of the Petroleum Exporting Countries (OPEC) as well as by U.S. sanctions on producers Iran and Venezuela. But prices came under downward pressure late last week after U.S. President Donald Trump openly pressured OPEC and its de-facto leader Saudi Arabia to raise output to meet the supply shortfall caused by the tightening Iran sanctions. U.S. exports exceeded 3 million barrels per day (bpd) for the first time in early 2019 amid a more than 2 million bpd production surge over the past year, to a record of more than 12 million bpd. 

BASE METAL - Base metals prices may trade with sideways to positive bias. Jiangxi Copper Co one of China's biggest copper producers, plans to build a plant to produce refined copper in Malaysia's eastern state of Sabah as the country emerges as a dismantling centre for non-ferrous scrap, its chairman said. Global crude steel production rose 4.9 percent to 155 million tonnes in March from the same month a year ago, figures from the World Steel Association showed on Monday. Global crude steel production rose 4.9 percent to 155 million tonnes in March from the same month a year ago, figures from the World Steel Association showed on Monday. China's iron ore futures rose on Tuesday and were on track to post their fifth straight monthly gain, while construction steel headed for its best month since July 2018. Russian aluminium giant Rusal has appointed Charles Brian Hesse the head of its office in the United States at a time when it is trying to strengthen its presence in North America, the firm said in a statement on Tuesday.


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, 23 April 2019

MCX Update

BULLION - Bullion counter may trade on flat to negative note Gold prices eased on Wednesday, remaining near a four-month low touched in the previous session as the dollar strengthened and Asian shares rose after the Nasdaq and S&P 500 indexes marked record closing highs. The dollar hovered near a 22-month peak against its peers on Wednesday, after strong U.S. housing data further eased concerns of a slowdown in the world biggest economy. Sales of new U.S. single-family homes rose to a near 1-1/2-year high in March, boosted by lower mortgage rates and house prices. After China economy defied expectations that it would slow further in January-March, U.S. growth is expected to be 2.1 percent in the same period, although the range of analysts estimates was wider than usual at 1.0 to 2.9 percent. SPDR Gold Trust, the world largest gold-backed exchange-traded fund, said its holdings fell 0.27 percent to 749.63 tonnes on Tuesday from 751.68 tonnes on Monday.

ENERGY- Crude oil may witness some profit booking at higher levels as oil prices inched lower on Wednesday on signs that global markets remain adequately supplied despite a jump to 2019 highs this week on Washington push for tighter sanctions against Iran. Crude futures rose to 2019 highs earlier in the week after the United States said on Monday it would end all exemptions for sanctions against Iran, demanding countries halt oil imports from Tehran from May or face punitive action from Washington. The International Energy Agency (IEA), a watchdog for oil consuming countries, said in a statement on Tuesday that markets are adequately suppliedand that global spare production capacity remains at comfortable levels. The biggest source of new oil supply comes from the United States, where crude oil production EIA has already risen by more than 2 million barrels per day (bpd) since early 2018 to a record of more than 12 million bpd early this year, making America the world biggest oil producer ahead of Russia and Saudi Arabia. U.S. natural gas futures dipped on Tuesday to their lowest level in nearly three years as higher production and a drop in demand weighed on prices.

BASE METAL - Base metals prices may trade with sideways to positive bias. Most industrial metals on the London Metal Exchange rose on Wednesday, after a top White House economic adviser said the United States and China were making progress in trade talks. The global world refined copper market showed an 8,000 tonne deficit in January, compared with an 11,000 tonne surplus in December, the International Copper Study Group (ICSG) said in its latest monthly bulletin. Global primary aluminium output rose to 5.414 million tonnes in March from a revised 4.916 million tonnes in February, data from the International Aluminium Institute (IAI) showed on Tuesday.


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

Monday, 22 April 2019


BULLION - Bullion counter may open on positive note as gold prices edged up on Tuesday as Washington moved to choke off Iran's oil revenues, prompting safe haven buying, but gains were capped by a strong dollar and Asian shares hovering near a nine-month peak. The United States on Monday demanded that buyers of Iranian oil stop purchases by May 1 or face sanctions, a move to choke off Tehran's oil revenues which sent crude prices to six-month highs on fears of a potential supply crunch. Russia raised its gold holdings by 19.4 tonnes in March, data from the International Monetary Fund showed on Monday. U.S. home sales fell more than expected in March as rising demand stoked by declining mortgage rates and slowing house price inflation continued to be frustrated by a lack of properties, especially in the lower-priced segment of the market, data showed on Monday.

ENERGY- Crude oil may extend recent gains as oil prices hovered near 2019 peaks in early trading on Tuesday after Washington abruptly moved to end all Iran sanctions waivers by May, pressuring importers to stop buying from Tehran. The United States on Monday demanded that buyers of Iranian oil stop purchases by May 1 or face sanctions, ending six months of waivers which allowed Iran eight biggest buyers, most of them in Asia, to continue buying limited volumes. Before the reimposition of sanctions last year, Iran was the fourth-largest producer among the Organization of the Petroleum Exporting Countries (OPEC) at almost 3 million barrels per day (bpd), but April exports have shrunk well below 1 million bpd, according to ship tracking and analyst data in Refinitiv. Saudi Arabia is the world biggest exporter of crude oil and OPEC de-facto leader. The group is set to meet in June to discuss its output policy. U.S. natural gas futures settled higher on Monday as warmer-than-normal weather boosted cooling demand, ending six days of declines. 

BASE METAL - Base metals prices may trade with firm bias. Manufacturers in China facing trade barriers are deploying an array of moves to try to keep foreign customers giving discounts, tapping tax breaks, trimming workforces and, occasionally, shifting production overseas to skirt tariffs. Nickel prices fell on Tuesday, with new data showing a global nickel deficit had narrowed at the end of February, while investors worried that China may ease its stimulus measures. The global nickel market deficit narrowed to 2,000 tonnes in February from a revised deficit of 3,700 tonnes in January, and was much smaller than a 7,200-tonne deficit in the same month last year, the International Nickel Study Group said on Monday. Sentiment was also weighed down by worries that China will ease up on simulative policies after some signs of stabilization in its economy, pulling Chinese stocks down in their worst session in nearly four weeks on Monday. 


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

Friday, 12 April 2019


PC Jeweller stock soars post block deal
Shares of PC Jeweller soared 16% in the last hour of the trading session. Around 50 lakh shares or 1.3% equity shares worth Rs54cr trade in four blocks on NSE at Rs103-109.70/sh, as per media reports.
PC Jeweller Ltd is currently trading at Rs111.50, up by Rs15.75 or 16.45% from its previous close of Rs95.75 on the BSE. The scrip opened at Rs96.15 and has touched a high and low of Rs114.80 and Rs95.65 respectively.

Lupin gains 2% on launch of Testosterone Gel
Shares of Lupin were trading 2% higher on Friday after the company launched Testosterone Gel, 1.62% (20.25 mg/1.25 g pump actuation), having received approval from the United States Food and Drug Administration (FDA).
"Lupin's Testosterone Gel, 1.62% (20.25 mg/1.25 g pump actuation), is the generic equivalent of AbbVie Inc's AndroGel, 1.62%," the company said in a press note to the exchanges on Friday.
It is indicated for replacement therapy in males for conditions associated with a deficiency or absence of endogenous testosterone- Primary hypogonadism (congenital or acquired) and Hypogonadotropic hypogonadism (congenital or acquired).

Maruti Suzuki says ALTO K10 prices to increase across variants
Maruti Suzuki said in the press note on Thursday that it has hiked the price of its Alto K10 model across India following its upgrade with safety features in compliance with the "AIS-145 Safety Norms".
The price revision will be effective from April 11, 2019.
"Alto K10 is now compliant with AIS-145 Safety Norms. This will result in a price increase in all variants of Alto K10 models. Depending on features introduced across variants, the ex-showroom price in Delhi and NCR region will vary from Rs3,65,843 to Rs4,44,777."

Sun Pharma executive, wife settle insider trading case with Sebi
Sun Pharma group senior executive, Abhay Arvind Gandhi, and his wife Kiran have settled with Securities and Exchange Board of India (SEBI) a case related to insider trading in shares of Ranbaxy Laboratories in 2014, a PTI report said.
As per the report, both have paid a total of ~Rs70 lakh as settlement charges. Gandhi and Kiran traded in 454 shares and 6,770 shares, respectively, during the Unpublished Price Sensitive Information (UPSI) period.

SpiceJet to induct 16 Boeing 737-800 aircrafts
Shares of SpiceJet jumped in the morning trade on the BSE as the aviation company will induct 16 Boeing 737-800 NG aircrafts on dry lease and has applied to the Directorate General of Civil Aviation (DGCA) for a No Objection Certificate (NOC) to import the aircraft.
The new inductions will not just bring down flight cancellations to nil but also help in SpiceJet aggressive international and domestic expansion plans.
Subject to regulatory approvals, the aircraft would begin joining SpiceJet fleet in the next ten days.

Lemon Tree gains after brokerage upgrade
Shares of Lemon Tree Hotels were trading higher on Friday trade after global firm CLSA maintained a buy rating on the stock.
According to the media reports, the global brokerage firm CLSA has maintained a buy rating on the stock in a recent report, saying Key acquisition, new management contract opportunities to help gain scale.
The brokerage firm has given a price target of Rs89 per share. It said the company is gaining scale with the recently announced intention to acquire Keys hotels, which will add 26% to owned room count and 55% to managed room count, the report added.


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

Wednesday, 10 April 2019

MCX update

BULLION - Bullion counter may witness some profit booking at higher levels. Gold on Thursday hovered near a two-week peak touched in the previous session, as the dollar struggled after the U.S. Federal Reserve and the European Central Bank signaled steady interest rates amid a slowing global economy. The dollar held near two-week lows as Fed minutes reinforced dovish policy expectations while the pound held recent ranges after European leaders extended the deadline for Britain to leave the union, averting a no-deal Brexit. The Fed is likely to leave interest rates unchanged this year given risks to the U.S. economy from a global slowdown and uncertainty over trade policies and financial conditions, according to the minutes from its March 19-20 policy meeting. U.S. consumer prices increased by the most in 14 months in March, but the underlying inflation trend remained benign amid slowing domestic and global economic growth. European Union leaders agreed to grant British Prime Minister Theresa May a new Brexit deadline of Oct. 31, officials said, after French President Emmanuel Macron opposed efforts to give her another year.

ENERGY- Crude oil may trade lower as oil prices fell on Thursday after U.S. crude stockpiles surged to their highest levels in almost 17 months amid record production. U.S. crude inventories rose 7 million barrels to 456.6 million barrels in the last week, their highest since November 2017, the Energy Information Administration said on Wednesday. U.S. crude oil production EIA remained at a record 12.2 million barrels per day (bpd), making the United States the world biggest oil producer ahead of Russia and Saudi Arabia. Despite this growth in U.S. supply, global oil markets remain tight amid supply cuts led by the Organization of the Petroleum Exporting Countries (OPEC), U.S. sanctions on oil exporters Iran and Venezuela, and escalating fighting in Libya. Venezuela oil output sank to a new long-term low last month due to U.S. sanctions and blackouts, with production plunging to 960,000 bpd in March, a drop of almost 500,000 bpd from February. U.S. natural gas futures gained less than a penny on Wednesday as declining output offset forecasts for cooler weather and less heating demand next week.

BASE METAL - Base metals prices may trade with negative bias. London copper on Thursday was almost unchanged, as support from progressing U.S.-China trade talks was countered by rising supply and concerns about a global slowdown. Copper stockpiles in warehouses monitored by the Shanghai Futures Exchange stayed at 257,320 tonnes by the end of last week, up from around 100,000 tonnes at the beginning of this year. Chinese miner MMG Ltd has sent some supplies and personnel to its copper mine Las Bambas after protesters in Peru partially suspended their two-month road blockades, a company source said on Wednesday. Chile Codelco, the world biggest copper producer, is set to shell out $40 billion in 10 years to overhaul its century-old Chuquicamata and El Teniente mines.  


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

Monday, 18 March 2019


BULLION - Bullion counter may trade with sideways to positive bias as old prices rose for a third consecutive session on Tuesday as the dollar weakened on expectations that the U.S. Federal Reserve will maintain a dovish tone at its monetary policy meeting this week. Traders currently expect there will be no U.S. rate hikes this year, and is even building in bets for a rate cut in 2020. Federal Reserve Chairman Jerome Powell will speak at a news conference on Wednesday. Gold can witness bounce back towards 31800. Silver can take support near 37800 and can recover towards 38250. Prime Minister Theresa May's Brexit plans were thrown into further turmoil on Monday when the speaker of parliament ruled that she could not put her divorce deal to a new vote unless it was re-submitted in a fundamentally different form. European Union leaders could hold off making a final decision on any Brexit delay when they meet in Brussels later this week, senior diplomats in the bloc said, depending on what exactly British Prime Minister Theresa May asks them for.

ENERGY- Crude oil (Apr) may trade on sideways path as it may trade in range of 4060-4120 in MCX. Oil prices were near 2019 highs on Tuesday, supported by supply cuts led by producer club OPEC. U.S. sanctions against oil producers Iran and Venezuela are also boosting prices, although traders said the market may be capped by rising U.S. output. The Organization of the Petroleum Exporting Countries (OPEC) on Monday scrapped its planned meeting in April, effectively extending supply cuts that have been in place since January until at least June, when the next meeting is scheduled. OPEC and a group of non-affiliated producers including Russia, known as OPEC+, started withholding supply to halt a sharp price drop in the second-half of 2018, when markets came under pressure from surging output as well as an economic slowdown.

BASE METAL - Base metals prices may trade with positive bias. Copper may test 446 while taking support near 441 in MCX. Copper prices ticked up on Tuesday, supported by China�s announcement to cut tax for manufacturers from next month to boost growth in the world�s second-largest economy. China will cut value-added tax for manufacturing and other sectors on April 1, Premier Li Keqiang said on Friday, adding that cuts in taxes and fees remained a key measure to cope with downward pressure on its economy. Aluminium and nickel contracts ticked up on both London and Shanghai exchanges, with the three-month London aluminium hovering near an over-two-week high level.


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, 5 March 2019


BULLION - Bullion counter may trade sideways path as gold hovered Gold held steady on Wednesday after recovering from more than five week lows in the previous session, drawing support from choppy equities, while a stronger dollar capped gains. Asian stocks clung to tight ranges on Wednesday, as investors awaited fresh directional cues from U.S.-China trade negotiations and a weaker Wall Street finish capped broader gains, while robust U.S. economic data supported the dollar. Gold can take support near 32100 while it can face resistance near 32400. Silver can test 38350 while facing resistance near 38700. Sales of new U.S. single-family homes rose to a seven-month high in December, but November's outsized jump was revised lower, pointing to continued weakness in the housing market. U.S. President Trump will reject any U.S.-China trade deal that is not perfect but that the United States will still keep working on an agreement, U.S. Secretary of State Mike Pompeo said in a media interview. The Perth Mint's February sales of gold products fell to the lowest level since June last year, declining more than 37 percent from the previous month, it said on Tuesday.

ENERGY- Crude oil may open on negative note as oil prices fell more than 0.5 percent on Wednesday as bullish output forecasts by two big U.S. producers outweighed recent OPEC-led efforts to rein in crude production. Chevron Corp and Exxon Mobil Corp released duelling Permian Basin projections on Tuesday pointing to big increases in shale oil production. Data from the American Petroleum Institute (API), an industry group, also showed larger-than-expected U.S. crude stockpiles. Crude oil can test 3900 while facing resistance near 4000. U.S. crude inventories rose by 7.3 million barrels in the week ending March 1 to 451.5 million, compared with analystsâ�� expectations for an increase of 1.2 million barrels, API said. Crude stocks at the Cushing, Oklahoma, delivery hub rose by 1.1 million barrels. Natural gas may test 206 while taking support near 200 in MCX. U.S. natural gas futures edged up to a five-week high on Tuesday as utilities pulled huge amounts of gas out of inventories to heat homes and businesses to deal with a frigid cold snap blanketing much of the country this week. 

BASE METAL - Base metals prices may trade with sideways to weak bias except Nickel. U.S. President Trump will reject a U.S.-China trade deal that is not perfect, but the United States would still keep working on an agreement, U.S. Secretary of State Mike Pompeo said in a media interview. Pompeo had earlier said he thought the two sides were "on the cusp" of a deal to end their trade war, adding to positive signs about negotiations from both sides of the Pacific. Copper may test 455 while taking resistance near 465 in MCX. Zinc can test 195 while facing resistance near 199. Lead can trade on mixed path in range of 147-150. Nickel can also test 970 while taking support near 950. London nickel prices edged higher for a fourth straight session on Wednesday as low stock levels and recovering demand kept the metal used to make stainless steel at a six-month high. LME nickel inventories have fallen for 10 days in a row to under 200,000 tonnes. Shortages for a fourth year running and historically low stocks of zinc are likely to propel prices of the metal to $3,000 a tonne over coming months, while an end to the U.S.-China trade dispute could spur even more gains.

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