#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 Cup & Handle
pattern at 28870 levels on the 4 hourly chart. Moreover, MCX
Gold prices have been trading above 50 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 29550 levels in the coming trading sessions.
SEBI Registered - Research Analyst Equities I Commodities I Currencies I Mutual Funds
Bullions
MCX Gold Apr. 4 Hourly Chart CMP: 29195
MCX Gold (Apr) Trend: Bullish
Price potential: 29550 Reversal: 29000
MCX Silver Mar. 4 Hourly Chart CMP: 42620
Technical View:
On the 4 hourly chart, MCX Silver price has given a breakout of
its inverted Head & Shoulder neckline at 41980 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 43500 levels in few trading sessions.
MCX Silver (Mar) Trend: Bullish
Price potential: 43500 Reversal: 42150
Pivot levels for the Day
S1 S2 S3 Pivot R1 R2 R3
Gold 28997 28822 28718 29101 29276 29379 29762
Silver 42015 41432 41072 42375 42958 43318 44622
13th Feb’17

2. Equities I Commodities I Currencies I Mutual Funds
Technical View:
MCX Copper prices has been trading in horizontal channel pattern
and price has faced the resistance of its upper band of channel
pattern at 410 levels on the hourly chart. On the hourly chart,
COMEX Copper prices have been facing resistance of its
horizontal trend line at 2.79 levels Furthermore, momentum
indicator RSI has in oversold zone at 75 levels on the hourly time
frame, which suggests some downside momentum in the
prices. For now, we expect prices to move lower
towards 400 levels in coming trading sessions.
SEBI Registered - Research Analyst Equities I Commodities I Currencies I Mutual Funds
MCX Copper Feb. Hourly Chart CMP: 408.10
MCX Copper (Feb) Trend: Bearish
Price potential: 400 Reversal: 412
MCX Crude Oil Feb. Hourly Chart CMP: 3608
Technical View:
MCX Crude Oil price has given a breakdown of its rising trend
line at 3590 levels and price has retested its breakdown
trend line at 3620 levels. channel pattern at 3531 levels on
the hourly chart. NYMEX Crude Oil prices have given a
breakdown of its rising trend line at $53.90 levels on the
hourly chart. Moreover, Momentum indicator RSI has
remained below 60 levels on the 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: 3672
Pivot levels for the Day
S1 S2 S3 Pivot R1 R2 R3
Copper 396.5 384.8 378.7 403 414 420 444
Crude 3560 3511 3481 3590 3639 3669 3778
Base Metal
Energy
Aaj Ka Trend
13th 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 396.5 384.8 378.7 403 414 420 444
Aluminum 123.4 121.9 121.1 124.2 125.6 126.4 129.5
Lead 158.0 154.8 153.0 159.8 163.0 164.8 171.5
Nickel 697.5 684.3 676.7 705.1 718.3 725.9 754.2
Zinc 191.7 187.0 184.5 194.2 198.9 201.4 211.2
Natural Gas 201.2 198.4 195.2 204.4 207.2 210.4 219.5
Fundamental News:
 U.S. consumer sentiment fell more than expected in February, dampening optimism over the effect on the
economy, according to a report published on Friday.
 The preliminary publication of the data for February from the University of Michigan's Consumer Survey Center
showed that consumer sentiment dropped to 95.7 from 98.5 in the previous month.
 Meanwhile, inflation expectations for the next 12 months rose to 2.8%, from the prior 2.6%, while the five-year
gauge decreased to 2.5%, from the prior 2.6%.
 The US dollar index, which tracks the greenback against a basket of six major rivals, was at 100.81, compared to
100.89 ahead of the report.
 Buoyant oil prices since Donald Trump's election have provided no lasting halo effect for energy stocks as the
sector's profit rebound has lacked vigor, but that could change in the week ahead with a fresh crop of quarterly
scorecards.
 Helped by OPEC output cuts, oil prices are up roughly 20 percent since Trump's victory, and U.S. crude (CLc1)
has held above $50 a barrel since mid-December. U.S. Commodity Futures Trading Commission positioning data
shows hedge funds and other speculators hold near-record-high net long positions in U.S. crude futures and
options.
 Part of the underperformance in the sector looks to be attributable to a disappointment in quarterly results.
Energy companies were expected to benefit from easy comparisons with last year, when the price of oil sank
below $30 a barrel, but so far they've under-delivered against those expectations.
Aaj Ka Trend
13th 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 1235
Silver 17.95
Crude Oil 53.87
Brent Crude Oil 56.79
Natural Gas 3.04
COMEX/NYMEX/ICE ( Precious Metals & Energy) Currency & Commodity Index
Currency (Spot) Current Price
USD / INR 66.84
Dollar Index 100.71
EUR / USD 1.06
CRB Index* 194.03
Closing as on 10.02.17 *Closing as on 10.02.17
LME (Base Metals) ( $ per tones)
Commodity Closing Price
Copper 6090
Aluminum 1875
Zinc 2924
Lead 2400
Nickel 10660
SHFE (Base Metals) (Yuan per tones)
Commodity Closing Price
Copper 49500
Aluminum 13940
Zinc 23780
Lead 19600
Closing as on 10.02.17 Closing as on 10.02.17
LME INVENTORY DATA
Aaj Ka Trend
06-Feb-17 07-Feb-17 08-Feb-17 09-Feb-17 10-Feb-17
Aluminium -6874 5524 -9251 -7902 -6201
Copper -3426 -247 1274 -3202 -3324
Lead 100 100 -424 -74 -202
Nickel 104 1115 -50 -661 -719
Zinc -3148 -2802 -1452 -1049 -752
13th 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
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
13th Feb’17
Neeraj Yadav
Research Advisor
neeraj.yadav@choiceindia.com
Anish Vyas
Senior Research Associate
anish.vyas@choiceindia.com
Amit Pathania
Digitally signed by Amit Pathania
DN: cn=Amit Pathania, o=Choice Equity Broking Pvt.
ltd, ou=Research Department,
email=amit.pathania@choiceindia.com, c=IN
Date: 2017.02.11 14:23:21 +05'30'