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

Tuesday, 11 June 2019

Closing Bell


DAILY NIFTY SMART MOVERS 
SCRIPTS PRICE PRE. CLOSE CHANGE (%) CHANGE (Rs.) VOLUME
Tata Motors - DVR
84.60 81.05 4.38 3.55 275.23
Aurobindo Pharma
650.60 627.15 3.74 23.45 176.76
NMDC
107.70 104.10 3.46 3.60 2276.43
Bajaj Hold & Invest
3780.15 3654.00 3.45 126.15 2.39
Shriram Trans. Fin
1111.90 1075.20 3.41 36.70 43.10


DAILY NIFTY TOP LAGGARDS

SCRIPTS PRICE PRE. CLOSE CHANGE (%) CHANGE (Rs.) VOLUME
Indiabulls Housing
674.65 733.05 -7.97 -58.40 2570.42
Sun Pharma Inds.
389.80 401.85 -3.00 -12.05 738.97
Cummins India
761.35 774.10 -1.65 -12.75 6.88
Mahindra & Mahindra
638.20 647.15 -1.38 -8.95 69.44
Nestle
11610.00 11747.40 -1.17 -137.40 6.30


BEST CALL OF THE DAY (FINAL TG )

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OPTION STRATEGY 

BUY UJJIVAN PUT 350 FINAL TGT 

OPTION INTRADAY 

BUY UJJIVAN PUT 340 FINAL TGT 

CASH INTRADAY 

BUY THERMAX IN CASH FINAL TGT 

BUY PERSISTENT IN CASH FINAL TGT 

CPE FUTURE

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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
 
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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

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. 

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Thursday, 16 May 2019

mcx update


BULLION - Bullion counter may trade on volatile path .Gold fell on Friday, following its biggest one-day percentage loss in a month in the previous session, on a firmer dollar and increased investor appetite for riskier assets due to strong U.S. data and corporate results. Strong corporate earnings have also helped to give some support to equities and dollar. Most of the managed-money managers are trying to take out profits, which is pressuring gold. U.S. stock indexes extended gains on upbeat earnings as well as robust economic data that underlined the strength of the domestic economy. Meanwhile, the dollar index rose to its highest level in nearly two weeks against a basket of currencies. The U.S. housing data showed homebuilding increased more than expected in April, while unemployment benefits fell more than expected last week, pointing to sustained labour market strength that should underpin the economy. Even though trade worries have taken a backseat, investors are still wary of possible tensions emanating from a U.S. bid to block China Huawei Technologies from buying vital American technology.

ENERGY- Crude oil may trade with upside bias as oil prices edged higher on Friday, extending gains into a fourth session as rising tensions in the Middle East stoked fears of potential supply disruptions. The market is also awaiting the decision of the Organization of the Petroleum Exporting Countries (OPEC) and other producers on whether to continue with supply cuts that have boosted prices more than 30% so far this year. A meeting of OPEC ministerial monitoring committee in Saudi Arabia this weekend will assess member states commitment to a deal reducing oil production, Iraq oil minister said on Thursday. U.S. natural gas futures rose on Thursday as output declines despite a government report showing a bigger-than-usual storage build last week. The U.S. Energy Information Administration (EIA) said utilities added 106 billion cubic feet (bcf) of gas to inventories during the week ended May 10. The increase last week boosted stockpiles to 1.653 trillion cubic feet (tcf), which was still 14.7% below the five-year average of 1.939 tcf for this time of year but only the lowest for the week since 2018. The amount of gas in storage has been below the five-year average since September 2017 .

BASE METAL - Base metals may remain sideways bias. Polish mining company KGHM may produce more copper than planned at its Sierra Gorda mine in Chile in 2019, while keeping capital expenditure below target, its deputy chief executive in charge of foreign assets said. Shanghai aluminium prices moved higher for a sixth consecutive session in early trade on Friday, as alumina refinery shutdowns in northern China's Shanxi province raise production costs for the metal used in everything from cans to cars. Aluminium is on course to gain 1.7% in Shanghai this week, which would mark its best week since the one ended Aug. 24, 2018. Alumina prices in northern China have now exceeded 3,000 yuan a tonne and touched their highest since Dec. 10.




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

Tuesday, 14 May 2019


ncdex tips

BULLION - Bullion counter may trade on volatile path as gold steadied on Wednesday after retreating from a one-month peak in the previous session as Washington and Beijing decided to further their discussions on trade, soothing investor concerns around a full-blown trade war. U.S. President Donald Trump on Tuesday called the trade war with China little squabble and insisted talks between the world two largest economies had not collapsed, as investors remained on guard for a further escalation of tit-for-tat tariffs. Meanwhile on Tuesday, the Chinese government also confirmed that the two countries have agreed to keep talking about their trade dispute. However, restraining further downside for gold, Asian shares still struggled near a 3-1/2-month low on Wednesday on lingering concerns over the economic impact of a U.S.-China trade war.

ENERGY- Crude oil may trade with sideways bias as oil eased on Wednesday after closely watched data showed a surprise rise in U.S. crude stockpiles, but prices were supported by mounting tensions in the Middle East. U.S. crude stockpiles unexpectedly rose last week, while gasoline and distillate inventories increased data from industry group the American Petroleum Institute showed on Tuesday. Oil prices have drawn support after Saudi Arabia on Tuesday said armed drones struck two of its oil pumping stations, two days after the sabotage of oil tankers near the United Arab Emirates, while the U.S. military said it was braced for possibly imminent threats to U.S. forces in Iraq from Iran-backed forces. Meanwhile, the Organization of the Petroleum Exporting Countries (OPEC) on Tuesday said that world demand for its oil would be higher than expected this year as supply growth from rivals including U.S. shale producers slows, pointing to a tighter market if the exporter group refrains from raising output. 

BASE METAL - Base metals prices may witness some short covering at lower levels as copper and most other base metals rose on Wednesday, after U.S. President Donald Trump insisted that trade talks with China had not collapsed. Trump on Tuesday called the trade war with China little squabble and softened his tone in a series of remarks expressing optimism about reaching a trade deal with Beijing, While a Beijing senior diplomat also confirmed that the two countries would pursue relevant discussions. Copper may test 430 while taking support near 420 in MCX. Barrick Gold Corp, the world second largest bullion miner, is preparing its Zambian copper mine Lumwana for sale in the second half of 2019, looking to target Chinese buyers, three sources with knowledge of the matter said. Global miner BHP will hold on to the Australian nickel operations it previously put up for sale, while Rio Tinto, is working on copper and lithium projects as the mining industry bets on demand for electric vehicle (EV) batteries.


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

Sunday, 12 May 2019


mcx tips

BULLION - Bullion counter may trade on sideways bias as gold prices steadied on Monday as trade talks between the United States and China hit a wall, raising doubts over whether the two countries would be able to reach a deal, thereby boosting demand for safe-haven assets. The United States and China appeared at a deadlock over trade negotiations on Sunday as Washington demanded promises of concrete changes to Chinese law and Beijing said it would not swallow any bitter fruit that harmed its interests. Washington had already hiked tariffs on $200 billion worth of Chinese exports on Friday, while U.S. President Donald Trump further ordered his trade chief to begin the process of imposing tariffs on all remaining imports from China. Gold demand jumped last week in India due to increased retail purchases for key festival and weddings on price corrections, while premiums in China eased as buying slowed at the world top consumer. Hedge funds and money managers raised their net long positions in COMEX gold for the week to May 7, the U.S. Commodity Futures Trading Commission (CFTC) said last week.

ENERGY- Crude oil may trade with sideways to lower bias as oil futures edged down on Monday, pressured by fears over global economic growth amid a standoff in Sino-U.S. trade talks. Brent crude futures were at $70.49 a barrel at 0013 GMT, down 12 cents, or 0.2 percent, from their last close. Brent ended the previous session little changed. U.S. West Texas Intermediate (WTI) crude futures were at $61.31 per barrel, down 27 cents, or 0.4 percent, from their previous settlement. WTI closed the last session steady on the day. The United States and China together accounted for 34% of global oil consumption in the first quarter of 2019, data from the International Energy Agency showed. U.S. natural gas futures edged up to a one-week high on forecasts for more heating demand next week and an increase in liquefied natural gas exports to near record levels. Despite the week's gain, traders said market volatility has remained low since the weather started to warm this spring - just like this time last year - amid a widely held belief that record and growing production will meet any increase in demand.

BASE METAL - Base metals prices may trade with negative bias. Three-month copper on the London Metal Exchange had fallen 0.3% to $6,107 a tonne by 0124 GMT, while the most-traded copper contract on the Shanghai Futures Exchange was almost unchanged at 47,750 yuan ($6,999.72) a tonne. Copper prices fell on Monday, pressured by concerns over the outlook for the global economy as Washington and Beijing appeared at a deadlock in talks to end a bitter trade war. The trade conflict between the world top two economies escalated on Friday, with the United States hiking tariffs on $200 billion worth of Chinese goods after President Donald Trump said Beijing broke the deal by reneging on earlier commitments made during months of negotiations. 


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, 8 May 2019


mcx updates

BULLION - Bullion counter may trade on sideways to upside bias as gold steadied on Thursday, with its appeal as a safe-haven for investors burnished by growing tensions ahead of key Sino-U.S. trade negotiations this week. U.S. President Donald Trump said on Wednesday that China "broke the deal" it had reached in trade talks with the United States, and vowed not to back down on imposing new tariffs on Chinese imports unless Beijing "stops cheating our workers. Trump has threatened to raise tariffs to 25 percent from 10 percent on $200 billion worth of Chinese imports at 12:01 a.m. ET (0401GMT) on Friday. Beijing has threatened to retaliate if tariffs rise, without elaborating on the details. Also aggravating geopolitical concerns, Trump on Wednesday imposed new sanctions on Iran, targeting revenue from its exports of industrial metals. That was the latest salvo in tensions between Washington and Tehran over a 2015 international accord curbing the Islamic Republic's nuclear program.

ENERGY- Crude oil may trade with sideways bias as oil prices dropped 1 percent on Thursday amid concerns over the escalating trade battle between the United States and China, despite a surprise fall in U.S. crude stockpiles. The Sino-U.S. trade war has weighed on oil prices this week as heightened tensions between the world's two biggest economies cloud the global economic outlook. Oil prices have had some support from signs of tighter global supply on the back of production cuts by the Organization of the Petroleum Exporting Countries (OPEC) and its allies, including Russia. Both the Brent and WTI benchmarks have risen more than 30 percent so far this year. Global supply has also been tightened by U.S. sanctions on OPEC members Venezuela and Iran. An unexpected drop in U.S. crude inventories kept oil price declines in check. U.S. crude inventories fell by 4 million barrels in the week to May 3, the Energy Information Administration said on Wednesday. U.S. natural gas futures jumped by the most since February due to a decline in output, near record liquefied natural gas (LNG) exports and expectations for a smaller storage build than last week. 

BASE METAL - Base metals prices may trade with sideways bias. Shanghai industrial metals fell in early trade on Thursday, while benchmark London copper hit its lowest in nearly three months, as investors sought safety ahead of crucial trade talks between the United States and China. The bruising trade war, which has slowed the global economy, has clouded the outlook for demand from top metals consumer China. Ahead of the talks, Trump said Beijing "broke the deal" in negotiations with Washington and would face stiff tariffs if no agreement was reached. U.S. President Donald Trump on Wednesday imposed new sanctions on Iran, targeting revenue from its exports of industrial metals, the latest salvo in tensions between Washington and Tehran over a 2015 international accord curbing the Islamic Republic's nuclear program. 


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, 5 May 2019

Mcx Update


BULLION - Bullion counter may trade on sideways to upside bias as gold rose on Monday after U.S. President Donald Trump threatened to impose tariffs on Chinese goods, indicating a dramatic deterioration in Sino-U.S. trade talks and prompting a sharp downturn in riskier assets. United States President Donald Trump dramatically increased pressure on China to reach a trade deal by announcing on Sunday he would hike tariffs on $200 billion worth of Chinese goods this week and target hundreds of billions more soon. Gold is used as a safe-haven investment in times of geopolitical or global economic turmoil. Gold demand was robust in India and Singapore last week as a correction in prices ahead of a key gold-buying festival boosted purchases even as major centres like China and Japan were closed for most of the week due to holidays. SPDR Gold Trust, the world largest gold-backed exchange traded fund, said its holdings fell 0.63 percent to 740.82 tonnes on Friday from 745.52 tonnes on Thursday.


ENERGY- Crude oil may continue to extend losses as oil prices tumbled by more than 2 percent on Monday after U.S. President Donald Trump on Sunday said he would sharply hike tariffs on Chinese goods this week, risking derailing months of trade talks between the world two biggest economies. Trump on Sunday said on Twitter he would drastically hike U.S. tariffs on Chinese goods this week, pulling down global financial markets, including crude oil futures. Crude oil may dip towards 4160 while facing resistance near 4260 in MCX Within the oil industry, there are signs of a further rise in output from the United States, where crude production EIA has already surged by more than 2 million barrels per day (bpd) since early 2018, to a record 12.3 million bpd. That has made the United States the world biggest producer ahead of Russia and Saudi Arabia. The number of rigs drilling for gas in the United States fell by 3 to 183 in the week to May 3, while oil-directed drilling rigs rose by 2 to 807, data from oil services firm Baker Hughes showed on Friday. 


BASE METAL - Base metals prices may trade with weak bias as Shanghai base metals fell sharply on Monday, with copper and nickel declining more than 3 percent, as trade tensions between China and the United States escalated, just days after investors were upbeat about progress in the two countries' trade talks. Trump tweeted on Sunday that he will raise U.S. tariffs on $200 billion worth of Chinese imports to 25 percent from 10 percent on Friday, and threatened to targets hundreds of billions of dollars more in trade. Trump's comments stand in contrast to the recent positive signals emanating from both the U.S. and Chinese camps that progress to end the tit-for-tat tariff war was being made and a deal was within sight. It's unlikely that China's leaders will want to be seen to be caving in front of threats by a bullying U.S. president, but at the same time they are also keen to reach an agreement that will alleviate some of the pressure on their export-led manufacturing sector. China steel futures dropped on Monday, the first trading day after a four-day national holiday, hit by worries over the outlook for trade after U.S. President Donald Trump said he would hike U.S. tariffs on $200 billion worth of Chinese goods. That came as the two countries had been working to reach a deal to end a months-long tit-for-tat trade war following rounds of negotiations among senior officials in the two governments. 


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. 


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