this document is regarding Daily Mcx Report.

1. CapitalStars Financial Research Pvt., Ltd., 1
SEBI Registration Number: INA000001647
MCX Daily Report 28 Sep 2018
News Highlights
Gold holds near six-week lows as dollar firms on robust US data.
Gold prices held close early Friday to near six-week lows hit in the previous session, as the dollar
firmed after upbeat US economic data supported the Federal Reserve's resolve for steady interest
rate hikes over the next year. Spot gold was up 0.1 per cent to $1,183.58 as of 0103 GMT. On
Thursday, the metal fell about 1 per cent and touched its lowest since Aug. 17 at $1,181.61 an
ounce. Spot gold is down about 1.3 per cent for the week, on track for its fourth weekly decline in
five. The dollar stood tall against its peers on Friday, and hovered near a nine-month high versus
the yen. US economic growth accelerated in the second quarter at its fastest pace in nearly four
years as previously estimated, putting the economy on track to hit the trump administrations goal
of 3% annual growth.
London Investment growth in infrastructure construction and utilities is unlikely to substantially
lift copper prices in the short term.
London copper fell to close at $6,179/mt overnight and the SHFE 1811 contract slid as longs cut
their positions. Support from the fundamentals front weakened on lowering spot premiums,
improving copper scrap consumption and weaker-than- expected preholiday stockpiling.
Investment growth in infrastructure construction and utilities is unlikely to substantially lift copper
prices in the short term. Spot premiums are seen at 0-40 yuan/mt today.
Inflows of Russian nickel grew supplies in the domestic market and this limited upward momentum in
futures
London nickel fell overnight until it found some support at $12,500/mt. The SHFE 1811 contract
rebounded close to the daily moving average after dropping to a low 102,680 yuan/mt. Inflows of
Russian nickel grew supplies in the domestic market and this limited upward momentum in
futures. LME nickel is likely to hover around
$12,600/mt today. The SHFE 1811 contract is expected to remain rangebound in the short term
and to trade at 103,000-104,500 yuan/mt today. Spot prices are seen at 103,500-110,000
yuan/mt.
Oil prices edge up amid uncertainty over fallout from Iran sanctions
Oil prices inched up on Friday, with investors trying to gauge the potential impact on supply from
looming U.S. sanctions on Iran's crude exports. The most-active Brent crude futures contract, for
December LCOZ8 , had risen 18 cents, or 0.22 percent, to
$81.56 per barrel by 0126 GMT. That was close to a four-year high of $82.55 struck
on Tuesday. "The market has been focusing on trading headlines on the Iran sanctions for a
whole week. But views on how much OPEC and Russia can make up for the losses vary," said
Chen Kai, head of commodity research at Shenda Futures.

3. CapitalStars Financial Research Pvt., Ltd.,
SEBI Registration Number: INA000001647
MCX Daily Report 28 Sep 2018
Precious Metals
CS GOLD (OCT) OVERVIEW:
TREND : BEARISH
RESIST 2: 30550
RESIST 1: 30450
SUP 1:30250
SUP 2:30150
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CS SILVER (DEC) OVERVIEW:
TREND : BULLISH RESIST
2: 37950
RESIST 1: 37750
SUP 1: 37500
SUP 2: 37300
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Base Metals
CS COPPER (NOV) OVERVIEW:
TREND : BEARISH RESIST
2:458.00
RESIST 1:453.00
SUP 1: 448.00
SUP 2: 445.00
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CS NICKEL (SEP) OVERVIEW:
TREND : BEARISH
RESIST 2: 925.00
RESIST 1: 918.00
SUP 1: 910.00
SUP 2: 902.00
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CS ZINC (SEP) OVERVIEW:
TREND : BULLISH
RESIST 2:188.50
RESIST 1: 186.50
SUP 1: 183.00
SUP 2: 181.00
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CS LEAD (SEP) OVERVIEW:
TREND : SIDEWAYS
RESIST 2: 149.50
RESIST 1: 147.50
SUP 1: 144.00
SUP 2: 142.00
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CS ALUMINIUM (SEP) OVERVIEW:
TREND : SIDEWAYS RESIST
2: 148.50
RESIST 1: 147.50
SUP 1: 145.00
SUP 2: 143.50
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Energies
CS CRUDE OIL (OCT) OVERVIEW:
TREND : SIDEWAYS
RESIST 2: 5310
RESIST 1: 5260
SUP 1: 5220
SUP 2: 5150
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CS NATURAL GAS (OCT) OVERVIEW:
TREND : BULLISH
RESIST 2: 224.50
RESIST 1: 223.00
SUP 1: 219.00
SUP 2: 217.00
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5. CapitalStars Financial Research Pvt., Ltd., 3
SEBI Registration Number: INA000001647
MCX Daily Report 28 Sep 2018
Pick for the DAY
MCX GOLD OCT on Wednesday as seen in the Daily chart opened at 30635
levels and made day Low of 30300 levels. During this period GOLD high is
30665 levels and finally closed at 30324 levels. Now, there are chances of
down movement technically
& fundamentally.
Gold prices held close early Friday to near six-week lows hit in the previous
session, as the dollar firmed after upbeat US economic data supported the
Federal Reserve's resolve for steady interest rate hikes over the next year.
The dollar stood tall against its peers on Friday, and hovered near a nine-
month high versus the yen.
DAILY RECOMMENDATION: SELL MCX GOLD OCT BELOW 30340
LEVELS FOR TARGET OF 30280/30220 WITH SL 30430 OF LEVELS.

6. CapitalStars Financial Research Pvt., Ltd., 4
SEBI Registration Number: INA000001647
MCX Daily Report 28 Sep 2018
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