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

Sunday, 7 April 2019



BULLION - Bullion counter may witness some lower level buying. Gold was little changed on Monday as strong U.S. jobs data boosted investors appetite for riskier assets, with markets awaiting minutes of the Federal Reserve March meeting later this week. U.S. employment growth accelerated from a 17-month low in March, assuaging fears of an abrupt slowdown in economic activity, but a moderation in wage gains supported the Federal Reserve decision to suspend further interest rate increases this year. Minutes of the Federal Reserve last policy meeting are due on Wednesday. U.S. and Chinese negotiators wrapped up their latest round of trade talks on Friday and are scheduled to resume discussions this week to try to secure a pact that would end the tariff battle that has roiled global markets. The value of China gold reserves fell slightly to $78.525 billion from $79.498 billion at the end of February. Physical gold demand perked up in top bullion consumer China on a dip in prices and optimism surrounding a U.S.-China trade deal, while buying picked up pace in the Indian market as domestic rates fell ahead of a key festival.

ENERGY- Crude oil may extend last week gains as oil prices rose to their highest level since Nov. 2018 on Monday, driven up by OPEC ongoing supply cuts, U.S. sanctions against Iran and Venezuela and strong U.S. jobs data. Brent prices increased more than 30 percent year-to-date as OPEC+ continued to cut supply for 4 months in a row and optimism over U.S.-China trade talks helped to buoy the demand outlook. The Organization of the Petroleum Exporting Countries (OPEC) and non-affiliated allies like Russia, known as OPEC+, have pledged to withhold around 1.2 million barrels per day (bpd) of supply this year to prop up prices. Russian oil output reached a record high of 556 million tonnes, or 11.16 million barrels per day (bpd), last year. In the United States, crude oil production EIA reached a record 12.2 million bpd in late March. 

BASE METAL - Base metals prices may trade with positive bias. London copper prices rose as much as 1 percent in early Asian trade on Monday, snapping two days of declines as investors hoped for more stimulus measures in top metals consumer China and a key copper conference was set to begin in Chile. China said on Sunday it would step up its policy of targeted cuts to banks' required reserve ratios to encourage financing for small and medium-sized businesses that play a key role in economic growth. Ltd . Nickel used to make stainless steel, was the top performer in London, rising 1.2 percent to $13,230 a tonne, while tin was the laggard, slipping 0.3 percent to $20,945 a tonne. 




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

Sunday, 17 March 2019



BULLION - Bullion counter may trade with sideways to weak bias as gold prices slipped on Monday as equity markets gained and the dollar steadied ahead of a U.S. Federal Reserve policy meeting later this week. There is much talk Fed policymakers will lower their interest rate forecasts, or �dot plots�, to show little or no further tightening this year. Gold can slip lower towards 31600. Silver can take support near 37700 and resistance near 38300. Uncertainty on the outlook for the world economy and global trade as well as a sharp U.S. growth slowdown expected by a range of forecasters mean that markets are on a hair trigger for signals from the Fed. Physical gold demand improved this week in India as a correction in local prices attracted buyers, particularly with the wedding season underway, while premiums in China rose on steady buying in the world�s leading consumer.


ENERGY- Crude oil may open on sideways path as it may trade in range of 4000-4060 in MCX. Oil prices dipped on Monday amid concerns that an economic downturn may dent fuel consumption, but crude markets remain broadly supported by supply cuts led by producer group OPEC and U.S. sanctions against Iran and Venezuela. OPEC�s de-facto leader Saudi Arabia said on Sunday that balancing oil markets was far from done as inventories were still high. The International Energy Agency (IEA) said on Friday it expected oil markets to be in a modest deficit from the second quarter of 2019. The number of rigs drilling for new oil production in the United States has been falling in 2019, and hit its lowest level since April 2018 last week, at 833 operating rigs. However, U.S. crude oil production EIA still increased at the start of 2019, hitting a record 12.1 million barrels per day (bpd) in February, data from the Energy Information Administration (EIA) showed. The previous low for the trade gap was $9.4 billion in September 2017.



BASE METAL - Base metals prices may trade with sideways to weak bias. Most industrial metals fell in early Asian trade on Monday after weak U.S. manufacturing data offered further evidence of a slowdown in economic growth early in the first quarter, while investors waited for clues as to when the Sino-U.S. trade war will end. Copper may slip lower towards 442 while facing resistance near 453 in MCX. Vedanta Ltd on Friday named metals industry veteran Pankaj Kumar as Sterlite Copper chief executive, amid struggles to reopen its smelter in southern India that was shut after police killed 13 demonstrators protesting against the plant. China's refined copper output in January and February rose by 6.3 percent year-on-year to 1.34 million tonnes, the National Bureau of Statistics said on Friday. On a daily basis, output was around 22,712 tonnes, down 16.1 percent from December. Russian tycoon Oleg Deripaska sued the United States on Friday, alleging that it had overstepped its legal bounds in imposing sanctions on him and made him the "latest victim" in the U.S. probe into Moscow's alleged election interference. 







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