#ChoiceBroking #Aajkatrend

1. Equities I Commodities I Currencies I Mutual Funds
Aaj Ka Trend
Technical View:
MCX Gold price has given a breakout of its rising trend line
at 29160 levels on the hourly chart. Moreover, MCX Gold
prices have been trading above 21 HEMA on the hourly chart.
In addition, COMEX Gold price has shown a breakout of its
horizontal trend line at $1227 levels. Moreover, Momentum
Indicator RSI has shown bullish range shift on the hourly chart.
For now, we expect prices should move higher
towards 29600 levels in the coming trading sessions.
SEBI Registered - Research Analyst Equities I Commodities I Currencies I Mutual Funds
Bullions
MCX Gold Apr. Hourly Chart CMP: 29270
MCX Gold (Apr) Trend: Bullish
Price potential: 29600 Reversal: 29100
MCX Silver Mar. 4 Hourly Chart CMP: 42337
Technical View:
On the 4 hourly chart, MCX Silver price has given a breakout of
its inverted Head & Shoulder neckline at 42220 levels. On the
other hand, COMEX Silver price has given a breakout of its
horizontal trend line at $17.65 levels. Moreover, MCX Silver
prices have been trading above its 21 HEMA. In addition,
momentum indicator MACD has shown positive crossover on
the 4 hourly chart, which indicates possibilities of further
upside in the prices. For now, we expect prices to move
higher towards 43200 levels in few trading sessions.
MCX Silver (Mar) Trend: Bullish
Price potential: 43200 Reversal: 41800
Pivot levels for the Day
S1 S2 S3 Pivot R1 R2 R3
Gold 29210 29116 29051 29275 29369 29433 29657
Silver 42233 41997 41823 42407 42643 42817 43400
08th Feb’17

2. Equities I Commodities I Currencies I Mutual Funds
Technical View:
MCX Copper price has taken the support of its rising trend
line at 388 levels on the hourly chart. On the hourly chart,
MCX Copper prices have been trading above its 200 HEMA.
Furthermore, momentum indicator MACD has shown
positive crossover on 4 hourly time frame, which suggests
further upside momentum can be seen in the prices. For
now, we expect prices to move higher towards 402 levels
in coming trading sessions.
SEBI Registered - Research Analyst Equities I Commodities I Currencies I Mutual Funds
MCX Copper Feb. Hourly Chart CMP: 393
MCX Copper (Feb) Trend: Bullish
Price potential: 402 Reversal: 387
MCX Crude Oil Feb. Hourly Chart CMP: 3520
Technical View:
MCX Crude Oil price has given a breakdown of its falling
channel pattern at 3531 levels on the hourly chart. NYMEX
Crude Oil prices have given the a breakdown of its rising
trend line at $53.70 levels on the hourly chart. MCX Crude Oil
has shown breakdown of its rising trend line at 3531 levels
on the hourly chart. Moreover, Momentum indicator MCAD
has given negative crossover on hourly chart which suggests
negative movement in the prices. For now, we expect
prices to move lower towards 3420 levels in coming trading
sessions.
MCX Crude Oil (Feb) Trend: Bearish
Price potential: 3420 Reversal: 3680
Pivot levels for the Day
S1 S2 S3 Pivot R1 R2 R3
Copper 389.7 387.9 385.5 392 394 396 403
Crude 3483 3455 3403 3535 3563 3615 3746
Base Metal
Energy
Aaj Ka Trend
08th 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 389.7 387.9 385.5 392 394 396 403
Aluminum 122.4 121.9 121.6 122.7 123.1 123.4 124.5
Lead 156.8 155.2 154.4 157.5 159.1 159.9 163.0
Nickel 693.1 688.6 683.9 697.8 702.3 707.0 720.9
Zinc 186.9 185.1 184.2 187.9 189.7 190.6 194.3
Natural Gas 208.3 204.6 202.2 210.7 214.4 216.8 225.3
Fundamental News:
 The U.S. trade balance fell more than expected in December, putting an end to two consecutive months of
increases, official data showed on Tuesday.
 In a report, Bureau of Economic Analysis said that U.S. trade deficit fell to a seasonally adjusted $44.3 billion in
December, from $45.7 billion in the preceding month whose figure was revised up from $45.2 billion.
 December exports were $190.7 billion, $5.0 billion more than November exports. December imports were
$235.0 billion, $3.6 billion more than November imports.
 Several market experts have recently commented that the trade balance will be under watch given President
Donald Trump’s promises to revamp trade deals to help the U.S. economy and reduce the country’s trade
deficit.
 Gold prices were little changed in European morning trade on Tuesday, holding steady near the prior session's
three-month high as investors sought the perceived safety of the yellow metal amid growing concerns over
political risks in Europe and around the globe.
 Investors were largely focused on French politics, as far-right National Front leader Marine Le Pen launched her
presidential bid over the weekend, vowing to fight globalization and take France out of the euro zone.
 Headlines from Washington will continue to dictate market sentiment as traders focus on Trump for further
details on his promises of tax reform, infrastructure spending and deregulation as well as trade policies.
 Oil edged lower Tuesday as the focus turned to U.S. stockpile data.
Brent crude was off 27 cents, or 0.48%, at $55.45 at 08:00 ET. U.S. crude shed 26 cents, or 0.49%, to $52.75.
Aaj Ka Trend
08th 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 07.02.17 *Closing as on 07.02.17
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 07.02.17 Closing as on 07.02.17
LME INVENTORY DATA
Aaj Ka Trend
01-Feb-17 02-Feb-17 03-Feb-17 06-Feb-17 07-Feb-17
Aluminium 1025 -6875 -7024 -6874 5525
Copper -475 -1350 -2351 -3426 -275
Lead -400 325 -152 100
Nickel 330 -522 -149 104 1116
Zinc 1625 -1625 -1826 -3148 -2800
08th Feb’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
08th Feb’17
Neeraj Yadav
Research Advisor
neeraj.yadav@choiceindia.com
Anish Vyas
Senior Research Associate
anish.vyas@choiceindia.com
Kkunal Parar
Digitally signed by Kkunal Parar
DN: cn=Kkunal Parar, o=Choice Equity
Broking Pvt Ltd., ou=Research Dept.,
email=kkunal.parar@choiceindia.com, c=IN
Date: 2017.02.08 09:38:31 +05'30'