#ChoiceBroking #Aajkatrend

1. Equities I Commodities I Currencies I Mutual Funds
Aaj Ka Trend
Technical View:
On daily chart, MCX Gold prices have been taking support of
its rising trend line at 29750 levels on daily chart. Moreover,
MCX Gold prices are trading above its 21 DEMA which suggest
short term trend remains up. Moreover, Momentum Indicator
RSI is trading above 45 levels on daily time frame which
indicates positive momentum to the prices. For now we
expect prices should move higher towards 30300 levels in the
coming trading sessions.
SEBI Registered - Research Analyst Equities I Commodities I Currencies I Mutual Funds
Bullions
MCX Gold Dec Daily Chart CMP: 29900
MCX Gold (Dec) Trend: Bullish
Price potential: 30300 Reversal: 29600
MCX Silver Dec Daily Chart CMP: 44166
Technical View:
MCX Silver price has taken support of its rising trend line at
42500 levels on daily chart. On hourly chart, MCX Silver after
witnessing breakout of its horizontal channel pattern at 42850
levels prices has retested its trend line support at 42850 levels.
In addition, MCX Silver are trading above its 21 HEMA on
hourly time frame. Moreover, Momentum indicator RSI has
been trading above 50 levels on daily basis. For now we
expect prices to move higher towards 44600 levels in few
trading sessions.
MCX Silver (Dec) Trend: Bullish
Price potential: 44600 Reversal: 43300
Pivot levels for the Day
S1 S2 S3 Pivot R1 R2 R3
Gold 29905 29229 27920 30538 31008 31847 33156
Silver 43355 42772 41472 44072 44655 45372 46672
11th Nov’16

2. Equities I Commodities I Currencies I Mutual Funds
Technical View:
As expected MCX Copper price has achieved our short term
target of 366.70 levels. On daily chart, MCX Copper price
has given breakout of its ascending triangle pattern at
337.10 levels on daily chart. Moreover, prices have
breached its horizontal trend line resistance on daily chart.
Furthermore, MCX Copper is trading above its 200 DEMA
on daily time frame. Moreover, momentum indicator MACD
has shown positive crossover on daily chart which is bullish
sign. For now we expect prices to move higher towards
385 levels in coming trading sessions.
SEBI Registered - Research Analyst Equities I Commodities I Currencies I Mutual Funds
MCX Copper Nov Daily Chart CMP: 376.65
MCX Copper (Nov) Trend: Bullish
Price potential: 385 Reversal: 369
MCX Crude Oil Nov. Daily Chart CMP: 3011
Technical View:
MCX Crude oil price has shown breakdown of its rising wedge
pattern at 3080 levels on daily chart. MCX Crude Oil is
trading in a Lower Low pattern on hourly chart. In addition,
Counter has witnessed breakdown of its Rising Channel
pattern in NYMEX at $44.35 levels on daily chart. Moreover,
Momentum indicator MACD is trading below its signal line on
daily chart which suggest the negative movement in the
prices. For now we expect prices to move lower 2910
towards levels in coming trading sessions.
MCX Crude Oil (Nov) Trend: Bearish
Price potential: 2910 Reversal: 3070
Pivot levels for the Day
S1 S2 S3 Pivot R1 R2 R3
Copper 348.0 336.8 319.1 354.5 365.7 372.2 389.9
Crude 2937 2851 2721 2981 3067 3111 3241
Base Metal
Energy
Aaj Ka Trend
11th 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 348.0 336.8 319.1 354.5 365.7 372.2 389.9
Aluminum 113.9 112.0 108.5 115.4 117.4 118.9 122.3
Lead 139.6 136.7 132.1 141.3 144.2 145.9 150.5
Nickel 741.7 719.0 680.3 757.7 780.4 796.4 835.1
Zinc 162.3 160.0 155.7 164.4 166.7 168.7 173.1
Natural Gas 171.9 167.5 159.8 175.2 179.6 182.9 190.6
Fundamental News:
 Gold prices rose sharply during Europe's session on Thursday, as the U.S. dollar pulled back from a two-week
high touched in wake of Donald Trump’s election victory.
 The metal is regarded as a leading indicator of the global economy. It is used in the construction of buildings,
power generation and transmission and the manufacture of consumer electronics.
 U.S. natural gas futures fell sharply on Thursday morning, after data showed that natural gas supplies in storage
in the U.S. rose slightly more than forecast last week.
 That compared with a gain of 54 billion cubic feet in the preceding week, 54 billion a year earlier and a five-year
average build of 38 billion cubic feet.
 Natural gas futures are down almost 16% over the past two weeks as a mild start to the winter heating season
added to concerns over a deepening supply glut.
 Oil prices turned lower on Thursday after the International Energy Agency warned that the market risks running
another surplus in 2017 without an output cut from OPEC.
 Prices were also held in check after data showing a 2.4-million-barrel increase in U.S. crude inventories last
week, adding to concerns about oversupply.
 In its montly report, the IEA said OPEC crude output hit record high of 33.83 million barrels a day in October and
warned that 2017 could be another year of relentless global supply growth.
Aaj Ka Trend
11th 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 1257.40
Silver 18.49
Crude Oil 44.40
Brent Crude Oil 45.63
Natural Gas 2.644
COMEX/NYMEX/ICE ( Precious Metals & Energy) Currency & Commodity Index
Currency (Spot) Current Price
USD / INR 66.62
Dollar Index 98.67
EUR / USD 1.0899
CRB Index* 183.33
Closing as on 10.11.16 *Closing as on 10.11.16
LME (Base Metals) ( $ per tones)
Commodity Closing Price
Copper 5601
Aluminum 1770
Zinc 2525
Lead 2154
Nickel 11540
SHFE (Base Metals) (Yuan per tones)
Commodity Closing Price
Copper 44880
Aluminum 14085
Zinc 20625
Lead 17225
Closing as on 10.11.16 Closing as on 10.11.16
LME INVENTORY DATA
Aaj Ka Trend
03-Nov-16 04-Nov-16 07-Nov-16 08-Nov-16 10-Nov-16
Aluminium -4400 -1876 -5276 -5076 -4125
Copper -8400 -5602 -6602 -6774 -9025
Lead -125 -224 -226 -74 -325
Nickel 174 611 -545 -194 192
Zinc -200 -1026 -299 -476 -775
11th 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.
Disclaimer
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
11th Nov’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: 2016.11.11 09:11:08 +05'30'