#ChoiceBroking #Aajkatrend

1. Equities I Commodities I Currencies I Mutual Funds
Aaj Ka Trend
Technical View:
On hourly chart, MCX Gold after witnessing breakout of its
Ascending triangle pattern at 30234 levels prices has retested
its trend line support at 30206 levels. Moreover, in COMEX
Gold prices are trading in Higher High Higher Low pattern.
Moreover, Momentum Indicator RSI is trading above 60 levels
on hourly time frame which is positive momentum to the
prices. For now we expect prices should move higher towards
30750 levels in the coming trading sessions.
SEBI Registered - Research Analyst Equities I Commodities I Currencies I Mutual Funds
Bullions
MCX Gold Oct Hourly Chart CMP: 30470
MCX Gold (Dec) Trend: Bullish
Price potential: 30750 Reversal: 30300
MCX Silver Dec Hourly Chart CMP: 43295
Technical View:
On hourly chart, MCX Silver after witnessing breakout of its
horizontal channel pattern at 42850 levels prices has retested
its trend line support at 42660 levels. On the other hand,
COMEX Silver prices are trading above its trend line support
on hourly time. In addition, MCX Silver are trading above its 5
HEMA on hourly time frame. Moreover, Momentum indicator
RSI has observed MRDP UP at 40 levels on hourly basis. For
now we expect prices to move higher towards 43850 levels in
few trading sessions.
MCX Silver (Dec) Trend: Bullish
Price potential: 43850 Reversal: 42750
Pivot levels for the Day
S1 S2 S3 Pivot R1 R2 R3
Gold 29905 30064 29621 30507 30808 30950 31393
Silver 43140 42200 40801 43599 44539 44998 46397
04th Nov’16

2. Equities I Commodities I Currencies I Mutual Funds
Technical View:
On hourly chart MCX Copper has observed breakout of its
Pennant pattern at 329.75 levels. Moreover, prices have
breached its trend line resistance on daily chart.
Furthermore, MCX Copper is trading above its 21 HEMA on
hourly time frame. Moreover, momentum indicator RSI is
trading above 60 levels on hourly time frame which is
bullish sign. For now we expect prices to move higher
towards 338.50 levels in coming trading sessions.
SEBI Registered - Research Analyst Equities I Commodities I Currencies I Mutual Funds
MCX Copper Nov hourly Chart CMP: 331.85
MCX Copper (Nov) Trend: Bullish
Price potential: 338.50 Reversal: 327
MCX Crude Oil Nov. Hourly Chart CMP: 2978
Technical View:
MCX Crude Oil prices have been moving in rising wedge
formation from past few months and price has witnessed
breakdown at 3095 levels on hourly chart. In addition,
Counter has witnessed breakdown of its Rising Channel
pattern in NYMEX at $45.02 levels on daily chart. Moreover,
Momentum indicator RSI is trading below 30 levels on hourly
chart which suggest the negative movement in the prices. For
now we expect prices to move lower 2930 towards levels in
coming trading sessions.
MCX Crude Oil (Nov) Trend: Bearish
Price potential: 2930 Reversal: 3060
Pivot levels for the Day
S1 S2 S3 Pivot R1 R2 R3
Copper 326.8 325.2 320.9 329.4 331.0 333.7 337.9
Crude 2992 2959 2887 3031 3064 3103 3175
Base Metal
Energy
Aaj Ka Trend
04th Nov’16

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 326.8 325.2 320.9 329.4 331.0 333.7 337.9
Aluminum 114.0 113.4 111.9 114.9 115.5 116.4 117.9
Lead 136.9 136.1 134.1 138.1 138.9 140.1 142.1
Nickel 689.7 688.4 681.4 695.4 696.7 702.4 709.4
Zinc 160.4 158.8 154.5 163.2 164.8 167.5 171.9
Natural Gas 184.6 180.2 173.4 187.0 191.4 193.8 200.6
Fundamental News:
 Gold prices fell in Asia on Thursday as expectations of a Fed rate hike by the end of the remained intact
following the latest policy review.
 Gold prices held near the prior session's one-month high during European hours on Thursday, as the Federal
Reserve signaled it could hike interest rates in December, while the uncertain U.S. election continued to cloud
the market's outlook.
 Gold prices fell back below the $1,300-level during North American hours on Thursday, pulling back from the
prior session's one-month high as the U.S. dollar and global stocks stabilized.
 Oil prices were higher during European hours on Thursday, after plunging nearly 3% to five-week lows in the
prior session after data showed that crude supplies in the U.S. rose by the most since records began last week.
 Crude oil futures edged up on Thursday, supported by news of an attack on a Nigerian oil pipeline and a weaker
U.S. dollar, after four days of falls over skepticism that a global glut in crude supplies could be stemmed.
 Oil Thursday recovered from five-week lows after a militant attack on an oil pipeline in Nigeria threatened
supply.
 Oil prices stabilized during North American hours on Thursday, after plunging nearly 3% to five-week lows in the
prior session after data showed that crude supplies in the U.S. rose by the most since records began last week.
 U.S. natural gas futures pushed higher on Thursday morning, after data showed that natural gas supplies in
storage in the U.S. rose slightly less than forecast last week.
Aaj Ka Trend
04th Nov’16

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 1300.01
Silver 18.24
Crude Oil 44.77
Brent Crude Oil 46.46
Natural Gas 2.80
COMEX/NYMEX/ICE ( Precious Metals & Energy) Currency & Commodity Index
Currency (Spot) Current Price
USD / INR 66.71
Dollar Index 97.28
EUR / USD 1.10
CRB Index* 183.38
Closing as on 03.11.16 *Closing as on 03.11.16
LME (Base Metals) ( $ per tones)
Commodity Closing Price
Copper 4915
Aluminum 1724
Zinc 2456
Lead 2070
Nickel 10400
SHFE (Base Metals) (Yuan per tones)
Commodity Closing Price
Copper 37570
Aluminum 13120
Zinc 17820
Lead 16120
Closing as on 03.11.16 Closing as on 03.11.16
LME INVENTORY DATA
Aaj Ka Trend
27-Oct-16 31-Oct-16 01-Nov-16 02-Nov-16 03-Nov-16
Aluminium -5051 -4851 -4851 -3200 -4400
Copper -4774 -5049 -5049 -475 -8400
Lead -148 850 850 0 -125
Nickel -236 -524 -524 -102 174
Zinc -349 -174 -174 -150 -200
04th Nov’16

5. Equities I Commodities I Currencies I Mutual Funds
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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
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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,
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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.
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Contact Us
Amit Pathania
Research Associate
amit.pathania@choiceindia.com
Rohan Patil
Research Associate
rohan.patil@choiceindia.com
www.choicebroking.incustomercare@choiceindia.com
SEBI Registered - Research Analyst Equities I Commodities I Currencies I Mutual Funds
Aaj Ka Trend
04th Nov’16
Neeraj Yadav
Research Advisor
neeraj.yadav@choiceindia.com
Anish Vyas
Senior Research Associate
anish.vyas@choiceindia.com
Amit Pathania
Digitally signed by Amit Pathania
DN: cn=Amit Pathania, o=Choice Equity Broking
Pvt. ltd, ou=Research Department,
email=amit.pathania@choiceindia.com, c=IN
Date: 2016.11.04 08:42:37 +05'30'