#ChoiceBroking #Aajkatrend

1. Equities I Commodities I Currencies I Mutual Funds
Aaj Ka Trend
Technical View:
On hourly chart, MCX Gold price has given breakout of its
rectangle pattern at 27420 levels and price has retested its
breakout trend line at 27420 levels. In addition, prices have
been trading above its 50 HEMA. Moreover, Momentum
Indicator RSI have been moving above 60 levels, which gives
the sign of bullishness in the prices. For now we expect prices
should move higher towards 28100 levels in the coming
trading sessions.
SEBI Registered - Research Analyst Equities I Commodities I Currencies I Mutual Funds
Bullions
MCX Gold Feb. Hourly Chart CMP: 27778
MCX Gold (Feb) Trend: Bullish
Price potential: 28100 Reversal: 27520
MCX Silver Mar. Daily Chart CMP: 40270
Technical View:
On 4 hourly chart, MCX Silver price has been trading in its
falling wedge pattern and prices have been taking support of
its lower band of pattern at 38500 levels. On the other hand,
prices COMEX Silver prices have been taking support of its
horizontal trend line at $15.85 levels on hourly chart. In
addition, momentum indicator MACD has given positive
crossover on hourly chart, which indicates strength in the
prices. For now we expect prices to move higher towards
41400 levels in few trading sessions.
MCX Silver (Mar) Trend: Bullish
Price potential: 41400 Reversal: 39800
Pivot levels for the Day
S1 S2 S3 Pivot R1 R2 R3
Gold 25537 23343 22237 26643 28150 28350 28450
Silver 39591 38763 38275 40079 40907 41395 43198
04th Jan’17

2. Equities I Commodities I Currencies I Mutual Funds
Technical View:
MCX Copper price has been trading in falling channel
pattern and prices have been hovering around its
resistance of its upper band of channel pattern at 382 levels
on 4 hourly chart. In addition MCX Copper prices are trading
below its 100 HEMA. Furthermore, momentum indicator
CCI has faced resistance of its falling trend line at +157
levels on 4 hourly time frame, which suggest further down
side momentum can be seen. For now we expect prices to
move lower towards 367 levels in coming trading sessions.
SEBI Registered - Research Analyst Equities I Commodities I Currencies I Mutual Funds
MCX Copper Feb. hourly Chart CMP: 376.60
MCX Copper (Feb) Trend: Bearish
Price potential: 367 Reversal: 383
MCX Crude Oil Jan. Hourly Chart CMP: 3590
Technical View:
MCX Crude Oil prices has given breakdown of its rising trend
line at 3665 levels on hourly chart. MCX Crude Oil is trading
below its 21 HEMA on hourly chart. On the other hand,
NYMEX WTI Crude oil price has shown breakdown of its rising
trend line at $54.10 levels. Moreover, Momentum indicator
MACD is trading moving below its signal line levels on hourly
chart which suggest the negative movement in the prices. For
now we expect prices to move lower towards 3500 levels in
coming trading sessions.
MCX Crude Oil (Jan) Trend: Bearish
Price potential: 3500 Reversal: 3650
Pivot levels for the Day
S1 S2 S3 Pivot R1 R2 R3
Copper 374.0 371.0 365.9 379.1 382.1 387.2 400.4
Crude 3563 3507 3398 3672 3728 3837 4110
Base Metal
Energy
Aaj Ka Trend
04th Jan’17

3. Equities I Commodities I Currencies I Mutual FundsSEBI Registered - Research Analyst Equities I Commodities I Currencies I Mutual Funds
Other Base Metals & Energy
S1 S2 S3 Pivot R1 R2 R3 Trend
Copper 374.0 371.0 365.9 379.1 382.1 387.2 400.4
Aluminum 114.6 114.1 113.4 115.3 115.8 116.5 118.4
Lead 135.5 133.4 131.7 137.2 139.3 141.0 146.6
Nickel 677.3 670.7 658.3 689.7 696.3 708.7 740.0
Zinc 171.0 169.5 167.0 173.5 175.0 177.5 184.0
Natural Gas 221.9 214.8 201.0 235.7 242.8 256.6 291.3
Fundamental News:
 Gold prices edged lower in the first trading session of the new year on Tuesday, erasing overnight gains as the
U.S. dollar resumed its rally with markets focused on the possibility of further U.S. interest rate hikes in 2017.
 The U.S. dollar resumed its rally on Tuesday, climbing back toward its 14-year-high against a basket of
currencies as the prospect of rising U.S. interest rates this year kept sentiment bullish.
 Market analysts warned that the outlook for gold remains cloudy in the near-term amid expectations of U.S.
interest rates rising more rapidly during the incoming Trump Administration.
 The precious metal is sensitive to moves in U.S. rates, which lift the opportunity cost of holding non-yielding
assets such as bullion, while boosting the dollar in which it is priced.
 Both a strong dollar and higher interest rates are typically bearish for gold, which is denominated in dollars and
struggles to compete with yield-bearing assets when borrowing costs rise.
 Oil climbed to an 18-month high in New York as output cuts by Kuwait and Oman signaled OPEC and its partners
are delivering on their agreement to stabilize the market.
 Oil climbed for the first time in three years in 2016 as the Organization of Petroleum Exporting Countries and 11
other nations agreed to cut output starting Jan. 1 in an effort to reduce bloated global inventories. Prices, which
eased in late December, are surpassing the peaks reached just after the deal was finalized, as Kuwait and Oman
give the first signs the curbs are being implemented.
 “The new year sees the start of the output cuts that were agreed between OPEC and some non-OPEC
producers,” said Hamza Khan, head of commodities strategy at ING Bank NV in Amsterdam.
Aaj Ka Trend
04th Jan’17

4. Equities I Commodities I Currencies I Mutual FundsSEBI Registered - Research Analyst Equities I Commodities I Currencies I Mutual Funds
International Market
Commodity Closing Price
Gold 1160.25
Silver 16.39
Crude Oil 52.72
Brent Crude Oil 55.86
Natural Gas 3.330
COMEX/NYMEX/ICE ( Precious Metals & Energy) Currency & Commodity Index
Currency (Spot) Current Price
USD / INR 68.33
Dollar Index 103.31
EUR / USD 1.0403
CRB Index* 190.14
Closing as on 03.01.17 *Closing as on 03.01.17
LME (Base Metals) ( $ per tones)
Commodity Closing Price
Copper 5500
Aluminum 1687
Zinc 2521
Lead 2014
Nickel 9910
SHFE (Base Metals) (Yuan per tones)
Commodity Closing Price
Copper 45300
Aluminum 12605
Zinc 21190
Lead 17680
Closing as on 03.01.17 Closing as on 03.01.17
LME INVENTORY DATA
Aaj Ka Trend
28-Dec-16 29-Dec-16 30-Dec-16 02-Jan-17 03-Jan-17
Aluminium 26775 6875 22251 0 -3750
Copper -3475 -2751 -6125 0 -10401
Lead -200 -51 -799 0 -51
Nickel -162 -125 -125 0 787
Zinc -350 -475 -475 0 -475
04th Jan’17

5. Equities I Commodities I Currencies I Mutual Funds
This is solely for information of clients of Choice Broking and does not construe to be an investment advice. It is also not intended as an offer or solicitation
for the purchase and sale of any financial instruments. Any action taken by you on the basis of the information contained herein is your responsibility alone
and Choice Broking its subsidiaries or its employees or associates will not be liable in any manner for the consequences of such action taken by you. We
have exercised due diligence in checking the correctness and authenticity of the information contained in this recommendation, but Choice Broking or any of
its subsidiaries or associates or employees shall not be in any way responsible for any loss or damage that may arise to any person from any inadvertent
error in the information contained in this recommendation or any action taken on basis of this information. Technical analysis studies market psychology,
price patterns and volume levels. It is used to forecast future price and market movements. Technical analysis is complementary to fundamental analysis
and news sources. The recommendations issued herewith might be contrary to recommendations issued by Choice Broking in the company research
undertaken as the recommendations stated in this report is derived purely from technical analysis. Choice Broking has based this document on information
obtained from sources it believes to be reliable but which it has not independently verified; Choice Broking makes no guarantee, representation or warranty
and accepts no responsibility or liability as to its accuracy or completeness. The opinions contained within the report are based upon publicly available
information at the time of publication and are subject to change without notice. The information and any disclosures provided herein are in summary form
and have been prepared for informational purposes. The recommendations and suggested price levels are intended purely for trading purposes. The
recommendations are valid for the day of the report however trading trends and volumes might vary substantially on an intraday basis and the
recommendations may be subject to change. The information and any disclosures provided herein may be considered confidential. Any use, distribution,
modification, copying, forwarding or disclosure by any person is strictly prohibited. The information and any disclosures provided herein do not constitute a
solicitation or offer to purchase or sell any security or other financial product or instrument. The current performance may be unaudited. Past performance
does not guarantee future returns. There can be no assurance that investments will achieve any targeted rates of return, and there is no guarantee against
the loss of your entire investment.
POTENTIAL CONFLICT OF INTEREST DISCLOSURE (as on date of report) Disclosure of interest statement – • Analyst interest of the stock
/Instrument(s): - No. • Firm interest of the stock / Instrument (s): - No.
Disclaimer
Contact Us
Amit Pathania
Research Associate
amit.pathania@choiceindia.com
www.choicebroking.incustomercare@choiceindia.com
SEBI Registered - Research Analyst Equities I Commodities I Currencies I Mutual Funds
Aaj Ka Trend
04th Jan’17
Neeraj Yadav
Research Advisor
neeraj.yadav@choiceindia.com
Anish Vyas
Senior Research Associate
anish.vyas@choiceindia.com
Anish Vyas
Digitally signed by Anish Vyas
DN: cn=Anish Vyas, o=Choice Merchandise
Broking Pvt. Ltd, ou=Sr. Research Associate,
email=anish.vyas@choiceindia.com, c=IN
Date: 2017.01.04 09:22:25 +05'30'