+91731-6690000
Showing posts with label mcx tips. Show all posts
Showing posts with label mcx tips. Show all posts

Thursday, 23 May 2019

 capitalstars
BULLION - Bullion counter may trade with sideways to weak bias as gold prices were steady on Thursday, as simmering Sino-U.S. trade tensions underpinned the dollar, while bullion investors looked for a direction after the minutes of the U.S. Federal Reserve meeting indicated that there was no hurry in cutting rates. The U.S. administration is considering Huawei-like sanctions on Chinese video surveillance firm Hikvision over the country's treatment of its Uighur Muslim minority, a person briefed on the matter said on Wednesday. Meanwhile, minutes from the U.S. Federal Reserve's latest meeting showed that officials agreed their current patient approach to setting monetary policy could remain in place "for some time," further sign policymakers see little need to change rates in either direction. Lackluster investor interest in bullion was reflected in the holdings of SPDR Gold Trust GLD, the world's largest gold-backed exchange-traded fund. Holdings have declined nearly 7% so far this year.

ENERGY- Crude oil may remain subdued as oil prices dipped on Thursday, extending bigger falls from the previous session, as surging U.S. crude inventories and weak demand from refineries weighed on markets. However, oil markets still remain relatively well supported by supply cuts led by the OPEC producer cartel and by political tension in the Middle East. U.S. crude oil inventories rose last week, hitting their highest levels since July 2017, due to weak refinery demand, the Energy Information Administration said on Wednesday. Commercial U.S. crude oil inventories rose by 4.7 million barrels in the week ended May 17, to 476.8 million barrels, their highest since July 2017, the EIA data showed. Countering these bearish price factors have been escalating political tensions between the United States and Iran, as well as ongoing supply cuts led by the Organization of the Petroleum Exporting Countries (OPEC) that started in January in an effort to prop up the market. 

BASE METAL - Base metals may remain on a weaker side. China, the world's top metals consumer, is due to report final trade data for April, including scrap metal and alumina import figures, later on Thursday. Shanghai copper and zinc slid to multi-month lows on Thursday as the China base metals complex tracked a broad selloff in London overnight amid Sino-U.S. trade tensions, while President Xi Jinping warned of difficult times ahead. Chinese miner MMG Ltd's operations at its Las Bambas mine, one of Peru's largest copper producers, have not been disrupted and talks with an indigenous Peruvian community are ongoing, the miner said on Wednesday. Zinc used to galvanize steel, fell as much as 1.5% in Shanghai to 20,290 yuan a tonne, the lowest since Feb. 15. Shanghai nickel was down 0.9% at 96,760 yuan a tonne. The global nickel market deficit widened to 12,500 tonnes in March from a revised shortfall of 1,000 tonnes the previous month, the International Nickel Study Group said. 

Get more details here:
  Intraday stock tipsFinancial Advisory Company ,Derivative Free Trial,Stock tips
Call on:9977499927
* Investment & Trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.  

Monday, 20 May 2019

 capitalstar
BULLION - Bullion counter may trade on the weaker bias on stronger local currency rupee amid expectation of clear majority to the present government in the exit polls. Gold steadied on Monday after four days of falls, as a Sino-U.S. trade dispute aggravated by a Huawei ban and U.S. President Donald Trump'ss latest threat to Tehran fuelled interest in the safe-haven metal. Gold fell to a two-week low of $1,274.51 an ounce on Friday after data showed U.S. consumer sentiment jumped to a 15-year high in early May amid growing confidence over the economy's outlook. U.S. President Donald Trump issued a new threat to Tehran on Sunday, tweeting that a conflict would be the official end of Iran, as Saudi Arabia warned it stood ready to respond with all strength's and said it was up to Iran to avoid war. SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, said its holdings rose 0.4% to 736.17 tonnes on Friday from 733.23 tonnes on Thursday. Hedge funds and money managers raised their net long positions in COMEX gold in the week to May 14, the U.S. Commodity Futures Trading Commission (CFTC) said on Friday.

ENERGY- Crude oil may trade with an upside bias as oil prices jumped as much as 1 percent on Monday after Saudi Energy Minister Khalid alFalih indicated there was a consensus among OPEC and allied oil producers to continue limiting supplies. The rally came after Falih said on Sunday there was a consensus among Organization of the Petroleum Exporting Countries and other non-OPEC producers to drive down crude inventories gently's '', but his country would remain responsive to the needs of what he called a fragile market. OPEC, Russia and other non-member producers, an alliance known as OPEC+, agreed to reduce output by 1.2 million barrels per day from Jan. 1 for six months, a deal designed to stop inventories building up and prices weakening. U.S. West Texas Intermediate (WTI) crude futures were at $63.39 per barrel, up 63 cents, or 1%, from their previous settlement. 

BASE METAL - Base metals may remain with a weak bias on the stronger rupee. Benchmark copper on the London Metal Exchange rose in early Asian trading on Monday after last week's slump, but Shanghai industrial metals edged down as investors remained wary about the intensifying U.S.-China trade war. Beijing has called on Washington to show "sincerity" if it is to hold meaningful trade talks, after the United States put China's Huawei Technologies Co Ltd [RIC:RIC: HWT.UL], the world's biggest telecoms equipment maker, on a trade blacklist. Zambia, Africa's second-biggest copper producer, is introducing a new non-refundable sales tax in place of value-added tax, despite criticism from mining companies. The United States struck deals on Friday to lift tariffs on steel and aluminum imports from Canada and Mexico, the three governments said, removing a major obstacle to legislative approval of a new North American trade pact.

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, 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