#ChoiceBroking #Aajkatrend

1. Equities I Commodities I Currencies I Mutual Funds
Aaj Ka Trend
Technical View:
MCX Gold price has faced resistance of its horizontal trend line
at 28850 levels on the daily chart. Moreover, MCX Gold prices
have been trading below 200 DEMA on daily chart. In addition,
COMEX Gold price has faced the resistance of its horizontal
trend line at $1225 levels. Moreover, Momentum
Indicator MACD has shown negative crossover on 4 hourly
chart, which suggests downside pressure can be in the
prices. For now, we expect prices should move lower
towards 28450 levels in the coming trading sessions.
SEBI Registered - Research Analyst Equities I Commodities I Currencies I Mutual Funds
Bullions
MCX Gold Apr. Daily Chart CMP: 28880
MCX Gold (Apr) Trend: Bearish
Price potential: 28450 Reversal: 29100
MCX Silver Mar. 4 Hourly Chart CMP: 41800
Technical View:
On the 4 hourly chart, MCX Silver price has been trading
in rising wedge formation and prices have been facing
resistance of its upper band of wedge pattern at 42400 levels.
On the other hand, COMEX Silver price has faced the
resistance of its horizontal trend line at $17.60
levels. In addition, momentum indicator MACD has shown
negative crossover on the 4 hourly chart, which indicates
possibilities of further downside in the prices. For now, we
expect prices to move lower towards 40800 levels in few
trading sessions.
MCX Silver (Mar) Trend: Bearish
Price potential: 40800 Reversal: 42350
Pivot levels for the Day
S1 S2 S3 Pivot R1 R2 R3
Gold 28776 28643 28569 28850 28982 29057 29339
Silver 41550 41280 41116 41714 41984 42148 42746
06th Feb’17

2. Equities I Commodities I Currencies I Mutual Funds
Technical View:
MCX Copper price has shown the breakdown of its rising
trend line at 396 levels on 4 hourly chart and price have
retested its breakdown trend line at 395 levels. On hourly
chart, MCX Copper prices have been trading below its 100
HEMA. Furthermore, momentum indicator MACD has
shown negative crossover on 4 hourly time frame, which
suggest further downside momentum can be seen in the
prices. For now, we expect prices to move lower
towards 378 levels in coming trading sessions.
SEBI Registered - Research Analyst Equities I Commodities I Currencies I Mutual Funds
MCX Copper Feb. 4 Hourly Chart CMP: 389
MCX Copper (Feb) Trend: Bearish
Price potential: 378 Reversal: 395
MCX Crude Oil Feb. Hourly Chart CMP: 3610
Technical View:
MCX Crude Oil prices have been hovering around its falling
trend line at 3650 levels on hourly chart. NYMEX Crude Oil
prices have given the breakdown of its rising trend line at
$54 levels on hourly chart. On hourly chart, MCX Copper
prices have been trading below its 21 HEMA. MCX Crude Oil
has faced the resistance of its horizontal trend line at 3680
levels. Moreover, Momentum indicator RSI has remained
below 60 levels on hourly chart which suggests negative
movement in the prices. For now, we expect prices to move
lower towards 3500 levels in coming trading sessions.
MCX Crude Oil (Feb) Trend: Bearish
Price potential: 3500 Reversal: 3670
Pivot levels for the Day
S1 S2 S3 Pivot R1 R2 R3
Copper 385.1 382.1 376.7 391 393 399 413
Crude 3586 3561 3531 3616 3641 3671 3755
Base Metal
Energy
Aaj Ka Trend
06th Feb’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 385.1 382.1 376.7 391 393 399 413
Aluminum 121.8 121.3 120.8 122.3 122.8 123.3 124.8
Lead 154.2 152.4 151.2 155.4 157.2 158.4 162.7
Nickel 681.7 674.5 667.8 688.4 695.6 702.3 722.8
Zinc 184.9 183.2 180.6 187.5 189.2 191.8 198.7
Natural Gas 202.7 199.2 193.2 208.7 212.2 218.2 233.7
Fundamental News:
 Gold prices moved lower on Friday, as the U.S. dollar recovered from the previous session’s share losses, but
the precious metal remained within close distance of a two-and-a-half month peak amid ongoing U.S. political
uncertainty and ahead of a key U.S. jobs report.
 The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major
currencies, was steady at 99.88, off Thursday’s two-and-a-half month trough of 99.19.
 Non-farm payrolls (NFP) rose 227,000 in the first month of 2017, compared to the rise of 157,000 in December
that was revised from the initial reading of 156,000. The data beat the consensus estimate for the creation of
175,000 jobs.
 Average hourly earnings rose month-on-month by 0.1%, compared to the prior increase of 0.2%, which was
revised from 0.4% advance. Analysts had expected a gain of 0.3%.
 Oil was higher Friday as geopolitical tensions grew between the U.S. and Iran.
Brent crude was up 17 cents, or 0.30%, at $56.73 at 08:15 ET. U.S. crude added 12 cents, or 0.22%, to $53.66.
 The U.S. could impose fresh sanctions on Iran after Tehran tested a ballistic missile.
The market was underpinned by upbeat remarks by Russia on compliance with output cuts.
OPEC and non-OPEC producers plan to cut output by some 1.8 million barrels a day in the first half of this year.
 Government payrolls decreased by 10,000 last month, compared to the destruction of 8,000 public jobs that
occurred in December, revised from an initial gain of 12,000 positions.
 The increase in wages is being closely monitored by the Federal Reserve for evidence of diminishing slack in the
labor market and upward pressure on inflation.
Aaj Ka Trend
06th Feb’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 1221.85
Silver 17.51
Crude Oil 53.86
Brent Crude Oil 56.80
Natural Gas 3.05
COMEX/NYMEX/ICE ( Precious Metals & Energy) Currency & Commodity Index
Currency (Spot) Current Price
USD / INR 67.15
Dollar Index 99.69
EUR / USD 1.07
CRB Index* 193.21
Closing as on 03.01.17 *Closing as on 03.01.17
LME (Base Metals) ( $ per tones)
Commodity Closing Price
Copper 5748
Aluminum 1827
Zinc 2769
Lead 2319
Nickel 10178
SHFE (Base Metals) (Yuan per tones)
Commodity Closing Price
Copper 46350
Aluminum 13540
Zinc 22250
Lead 18210
Closing as on 03.01.17 Closing as on 03.01.17
LME INVENTORY DATA
Aaj Ka Trend
30-Jan-17 31-Jan-17 01-Feb-17 02-Feb-17 03-Feb-17
Aluminium -1175 -4875 1025 -6875 -7024
Copper -1625 -825 -475 -1350 -2351
Lead -2200 -1125 -400 325 -152
Nickel -708 1284 330 -522 -149
Zinc -2900 -3575 1625 -1625 -1826
06th Feb’17

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
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
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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
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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.
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
06th Feb’17
Neeraj Yadav
Research Advisor
neeraj.yadav@choiceindia.com
Anish Vyas
Senior Research Associate
anish.vyas@choiceindia.com