#ChoiceBroking #Aajkatrend

1. Equities I Commodities I Currencies I Mutual Funds
Aaj Ka Trend
Technical View:
On hourly chart, MCX Gold price has been hovering around its
rising trend line at 28080 levels. COMEX Gold prices have been
taking support of its rising trend line at $1172 levels on hourly
chart. In addition, MCX Gold prices have been trading above
its 50 HEMA on hourly chart. Moreover, Momentum Indicator
RSI have shown bullish range shift on hourly chart, which gives
the sign of bullishness in the prices. For now we expect prices
should move higher towards 28550 levels in the coming
trading sessions.
SEBI Registered - Research Analyst Equities I Commodities I Currencies I Mutual Funds
Bullions
MCX Gold Feb. Hourly Chart CMP: 28300
MCX Gold (Feb) Trend: Bullish
Price potential: 28550 Reversal: 26950
MCX Silver Mar. Hourly Chart CMP: 41008
Technical View:
On 4 hourly chart, MCX Silver price has given breakout of its
falling channel pattern at 40180 levels. On the other hand,
MCX Silver price has been trading above its 100 HEMA, which
indicates short term trend remains up. Moreover, MCX Silver
prices have been trading around support of its rising trend line
at 40150 levels on hourly chart. In addition, momentum
indicator RSI has taken support of its rising trend line at 53
levels on 4 hourly chart, which indicates strength in the prices.
For now we expect prices to move higher towards 42500
levels in few trading sessions.
MCX Silver (Mar) Trend: Bullish
Price potential: 42500 Reversal: 40100
Pivot levels for the Day
S1 S2 S3 Pivot R1 R2 R3
Gold 28112 27993 27905 28200 28150 28350 28450
Silver 40520 40206 39841 40885 41199 41564 42607
12th Jan’17

2. Equities I Commodities I Currencies I Mutual Funds
Technical View:
MCX Copper prices have been trading in rising channel
pattern and price have been facing resistance of its upper
band of channel pattern 397 levels on hourly chart. On
hourly chart MCX Copper price has faced resistance of its
horizontal trend line at 398 levels. Furthermore,
momentum indicator RSI in oversold zone levels on hourly
time frame, which suggest further downside momentum
can be seen. For now we expect prices to move lower
towards 385 levels in coming trading sessions.
SEBI Registered - Research Analyst Equities I Commodities I Currencies I Mutual Funds
MCX Copper Feb. Hourly Chart CMP: 393.25
MCX Copper (Feb) Trend: Bearish
Price potential: 385 Reversal: 400
MCX Crude Oil Jan. Hourly Chart CMP: 3589
Technical View:
MCX Crude Oil price has shown breakdown of its rising
channel pattern and prices have been retested its breakdown
trend line at 3590 levels on hurly chart. MCX Crude Oil prices
has given breakdown of its rising trend line at 3610 levels on
hourly chart. MCX Crude Oil is trading below its 100 HEMA
on hourly chart. Moreover, Momentum indicator MACD has
shown negative crossover and moving below its signal line on
hourly chart which suggest negative movement in the prices.
For now we expect prices to move lower towards 3470
levels in coming trading sessions.
MCX Crude Oil (Jan) Trend: Bearish
Price potential: 3470 Reversal: 3630
Pivot levels for the Day
S1 S2 S3 Pivot R1 R2 R3
Copper 390.9 389.2 386.1 394.0 395.7 398.8 406.8
Crude 3496 3433 3387 3542 3605 3651 3805
Base Metal
Energy
Aaj Ka Trend
12th Jan’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 390.9 389.2 386.1 394.0 395.7 398.8 406.8
Aluminum 119.1 118.3 117.8 119.6 120.4 120.9 122.8
Lead 143.4 140.9 136.9 147.4 149.9 153.9 164.5
Nickel 686.1 674.1 655.0 705.2 717.2 736.3 786.6
Zinc 181.7 179.8 177.1 184.4 186.3 189.0 196.2
Natural Gas 220.4 215.5 211.0 224.9 229.8 234.3 248.3
Fundamental News:
 Gold prices rose to a fresh six-week high on Wednesday, as markets looked ahead to President-elect Donald
Trump’s first press conference since his election victory later in the day.
 Investors will welcome any detail he may give on his promises of tax reform, infrastructure spending and
deregulation, as well as insight regarding policies on China and the domestic economy.
 Trump has been credited with being a major catalyst behind the market's impressive rally since election day,
although he has yet to outline his economic policies in detail.
 The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major
currencies, was steady at 102.10 in early trade, remaining well off last week's 14-year high of 103.82.
 Dollar weakness usually benefits gold, as it boosts the metal's appeal as an alternative asset and makes dollar-
priced commodities cheaper for holders of other currencies.
 U.S. crude stocks rose more than expected in the latest week, official data showed Wednesday
 The EIA said crude inventories rose by 4.097 mn barrels after a drop of 7.051 mn barrels the previous week.
 Crude inventories were forecast to rise by 1.162 mn barrels.
 Gasoline stocks rose by 5.023 mn barrels after a hike of 8.307 mn the previous week.
Gasoline inventories were expected to rise by 1.638 mn barrels.
 U.S. crude pared gains of over 1% and was up 0.47% at $51.06 after data release.
Aaj Ka Trend
12th Jan’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 1197.24
Silver 16.83
Crude Oil 52.16
Brent Crude Oil 55.07
Natural Gas 3.313
COMEX/NYMEX/ICE ( Precious Metals & Energy) Currency & Commodity Index
Currency (Spot) Current Price
USD / INR 68.33
Dollar Index 101.53
EUR / USD 1.0604
CRB Index* 192.29
Closing as on 11.01.17 *Closing as on 11.01.17
LME (Base Metals) ( $ per tones)
Commodity Closing Price
Copper 5714
Aluminum 1758
Zinc 2700
Lead 2134
Nickel 10180
SHFE (Base Metals) (Yuan per tones)
Commodity Closing Price
Copper 46930
Aluminum 12995
Zinc 22320
Lead 18500
Closing as on 11.01.17 Closing as on 11.01.17
LME INVENTORY DATA
Aaj Ka Trend
05-Jan-17 06-Jan-17 09-Jan-17 10-Jan-17 11-Jan-17
Aluminium 25975 5425 -1101 16801 11050
Copper -4100 -6650 -224 -1498 -5174
Lead -25 -175 -402 -402 -76
Nickel -804 -805 1094 -49 -35
Zinc -175 -75 -375 -801 -1274
12th Jan’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
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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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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
12th Jan’17
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: 2017.01.12 09:10:13 +05'30'