#ChoiceBroking #Aajkatrend

1. Equities I Commodities I Currencies I Mutual Funds
Aaj Ka Trend
Technical View:
As expected MCX Gold achieved its short term target of
32200 levels. MCX Gold prices are trading above its horizontal
trend line resistance on hourly basis. On the other hand, MCX
Gold prices have been trading above its 100 HEMA which
indicates positive confirmation to the prices. Moreover,
Momentum Indicator RSI is trading above 60 levels in hourly
time frame. For now we expect prices should move higher
towards 32450 levels in the coming trading sessions.
SEBI Registered - Research Analyst Equities I Commodities I Currencies I Mutual Funds
Bullions
MCX Gold August Hourly Chart CMP: 32110
MCX Gold (Aug) Trend: Bullish
Price potential: 32450 Reversal:31900
MCX Silver Sept Hourly Chart CMP: 47840
Technical View:
MCX Silver prices has breached its horizontal trend line
resistance on hourly time frame. On the other hand, MCX
Silver prices have been trading above its 50 HEMA which
indicates positive confirmation to the prices. Moreover,
momentum indicator RSI is trading above 70 levels on hourly
chart. For now we expect prices to move higher towards
48550 levels in few trading sessions.
MCX Silver (Sept) Trend: Bullish
Price potential: 48550 Reversal: 47350
Pivot levels for the Day
S1 S2 S3 Pivot R1 R2 R3
Gold 32034 31913 31582 32244 32365 32575 32906
Silver 47338 46866 45810 47922 48394 48978 50034
07th July’16

2. Equities I Commodities I Currencies I Mutual Funds
Technical View:
MCX Copper prices has witnessed Upward Channel
breakdown at 322.10 levels on hourly chart. Furthermore,
prices have been trading below its 50 HEMA on hourly
chart. Moreover, Counter is trading below its Super Trend
indicator on hourly time frame. On the other hand,
momentum indicator RSI is trading below 40 levels on
hourly chart. For now we expect prices to move lower
towards 315.30 levels in coming trading sessions.
SEBI Registered - Research Analyst Equities I Commodities I Currencies I Mutual Funds
MCX Copper June hourly Chart CMP: 324.70
MCX Copper (June) Trend: Bearish
Price potential: 315.30 Reversal: 328
MCX Crude Oil July. Hourly Chart CMP: 3206
Technical View:
MCX Crude Oil prices have retest its horizontal trend line
resistance on hourly basis. On the other hand prices have
been trading below its 21 HEMA on MCX Crude Oil hourly
chart. Furthermore, Negative Crossover is observed in
momentum Indicator MACD on hourly basis. Moreover,
Momentum indicator RSI is trading below 50 levels on hourly
chart. For now we expect prices to move lower towards
3090 levels in coming trading sessions.
MCX Crude Oil (July) Trend: Bearish
Price potential: 3090 Reversal: 3220
Pivot levels for the Day
S1 S2 S3 Pivot R1 R2 R3
Copper 321.5 319.2 313.9 324.5 326.8 329.8 335.1
Crude 3119 3080 3019 3141 3180 3202 3263
Base Metal
Energy
Aaj Ka Trend
07th July’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 321.5 319.2 313.9 324.5 326.8 329.8 335.1
Aluminum 110.6 109.8 108.6 111.0 111.8 112.2 113.4
Lead 122.0 120.5 118.0 122.9 124.4 125.4 127.8
Nickel 659.9 644.2 620.6 667.8 683.5 691.4 715.0
Zinc 140.4 138.6 135.9 141.4 143.2 144.1 146.9
Natural Gas 184.0 181.1 176.1 186.1 189.0 191.1 196.1
Fundamental News:
 Gold gained on Brexit concerns and silver continued its impressive sprint in Asia on Wednesday in thin trade
with several markets shut to mark Eid al-Fitr and no major regional data ahead.
 Gold prices surged in European trade on Wednesday, climbing to the highest level since March 2014 as
uncertainty surrounding global growth in wake of Britain’s vote to exit the EU sent investors flooding into safe
haven assets.
 Gold rallied to its highest since 2014 on Wednesday and oil struggled to recover from deep losses, as renewed
fears over the impact of Britain's exit from the European Union pushed investors toward safe havens.
 Gold prices jumped to the highest level since March 2014 on Wednesday, as fears over the Brexit fallout again
took a toll on markets, sending investors flooding into safe haven assets.
 Oil prices stabilized in European trade on Wednesday, after plunging by as much as 5% overnight on the back of
renewed concerns over the economic impact of Britain's vote to leave the European Union.
 Oil edged lower on Wednesday, extending losses to a third straight session, as investors grew concerned over
consumption due to weaker demand from refineries and potentially slower economic growth after Britain's
decision to leave the EU.
 Oil prices extended overnight loses in North American trade on Wednesday, falling towards two-month lows as
Brexit-related uncertainties continued to spook the market.
 U.S. natural gas futures were down again on Wednesday, one day after posting its biggest daily loss in eight
months as warm temperatures in key U.S. gas-consumption regions gave way to cooler readings.
Aaj Ka Trend
07th July’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 1368.87
Silver 20.17
Crude Oil 47.71
Brent Crude Oil 49.08
Natural Gas 2.79
COMEX/NYMEX/ICE ( Precious Metals & Energy) Currency & Commodity Index
Currency (Spot) Current Price
USD / INR 67.45
Dollar Index 96.13
EUR / USD 1.1097
CRB Index* 189.95
Closing as on 06.07.16 *Closing as on 06.07.16
LME (Base Metals) ( $ per tones)
Commodity Closing Price
Copper 4750
Aluminum 1653
Zinc 2106
Lead 1834
Nickel 9985
SHFE (Base Metals) (Yuan per tones)
Commodity Closing Price
Copper 37200
Aluminum 12590
Zinc 16495
Lead 13000
Closing as on 06.07.16 Closing as on 06.07.16
LME INVENTORY DATA
Aaj Ka Trend
29-June-16 30-June-16 01-July-16 04-July-16 06-July-16
Aluminium -6700 -5750 -5750 -7025 -6825
Copper 1250 -2675 -2400 -725 10525
Lead 900 -948 -75 -75 -350
Nickel -978 -1025 -228 -1452 -1266
Zinc -2350 16950 -475 -600 -350
07th July’16

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,
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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.
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Amit Pathania
Research Associate
amit.pathania@choiceindia.com
Rohan Patil
Research Associate
rohan.patil@choiceindia.com
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SEBI Registered - Research Analyst Equities I Commodities I Currencies I Mutual Funds
Aaj Ka Trend
07th July’16
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: 2016.07.07 08:33:32 +05'30'