#ChoiceBroking #Aajkatrend

1. Equities I Commodities I Currencies I Mutual Funds
Aaj Ka Trend
Technical View:
On Hourly chart, MCX Gold price has given breakdown of its
rising channel pattern at 27040 levels. Furthermore, COMEX
Gold prices are trading below its horizontal line support at
$1136 levels on hourly time frame. Moreover, Momentum
Indicator RSI is trading below 40 levels on hourly time frame
which indicates the possibilities of further downside in the
prices. For now we expect prices should move lower towards
26650 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: 26968
MCX Gold (Feb) Trend: Bearish
Price potential: 26650 Reversal: 27220
MCX Silver Mar Daily Chart CMP: 38970
Technical View:
On 4 hourly chart, MCX Silver price has given breakdown of its
falling wedge pattern at 39080 levels. On the other hand,
prices are trading below 50 HEMA. Furthermore, COMEX Silver
price has given breakdown of its horizontal trend line at $16
levels on hourly chart. In addition, momentum indicator RSI
has been trading at 28 levels on 4 hourly chart, which indicates
lack of strength in the prices. For now we expect prices to
move lower towards 38000 levels in few trading sessions.
MCX Silver (Mar) Trend: Bearish
Price potential: 38000 Reversal: 39650
Pivot levels for the Day
S1 S2 S3 Pivot R1 R2 R3
Gold 27700 26626 26490 26944 28150 28350 28450
Silver 38841 38582 38304 39119 39378 39656 40471
23rd Dec’16

2. Equities I Commodities I Currencies I Mutual Funds
Technical View:
MCX Copper price has shown breakdown of its descending
triangle pattern at 383 levels on daily chart. Moreover,
COMEX Copper price has witnessed breakdown of its
ascending triangle pattern $2.62 levels on hourly chart. In
addition MCX Copper prices are trading below its 21 DEMA.
Furthermore, momentum indicator MACD has shown
negative crossover on daily time frame, which suggest
further weakness in the momentum can be seen. For now
we expect prices to move lower towards 368 levels in
coming trading sessions.
SEBI Registered - Research Analyst Equities I Commodities I Currencies I Mutual Funds
MCX Copper Feb daily Chart CMP: 376.55
MCX Copper (Feb) Trend: Bearish
Price potential: 368 Reversal: 382
MCX Crude Oil Jan. Hourly Chart CMP: 3607
Technical View:
MCX Crude Oil prices has been trading in rising wedge
pattern and taking support of its lower band of wedge
pattern at 3550 levels on hourly chart. MCX Crude Oil is
trading above its 50 HEMA on hourly chart. Moreover,
Momentum indicator RSI is trading above 50 levels on hourly
chart which suggest the positive movement in the prices. For
now we expect prices to move higher towards 3700 levels
in coming trading sessions.
MCX Crude Oil (Jan) Trend: Bullish
Price potential: 3700 Reversal: 3540
Pivot levels for the Day
S1 S2 S3 Pivot R1 R2 R3
Copper 371.3 367.2 364.3 374.2 378.3 381.2 391.2
Crude 3564 3522 3493 3593 3635 3664 3765
Base Metal
Energy
Aaj Ka Trend
23rd Dec’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 371.3 367.2 364.3 374.2 378.3 381.2 391.2
Aluminum 117.0 116.5 115.9 117.6 118.1 118.7 120.4
Lead 143.7 140.6 139.7 144.6 147.7 148.6 153.5
Nickel 718.4 704.1 697.0 725.5 739.8 746.9 775.3
Zinc 173.3 170.1 167.9 175.5 178.8 181.0 188.6
Natural Gas 235.4 232.8 226.8 241.4 244.0 250.0 264.5
Fundamental News:
 Gold prices were little changed near last week's 11-month lows on Thursday, with liquidity fading in the run-up
to the Christmas weekend.
 The final revision to third-quarter GDP is released at 8:30AM ET (13:30GMT), along with weekly jobless
claims and durable goods orders for November. Personal income and spending and PCE prices are released at
10:00AM ET (15:00GMT).
 Both data sets could sway market expectations around the pace of interest rate increases by the Federal
Reserve in 2017.
 The dollar lost some steam on Thursday, slipping from its 14-year-high against a basket of currencies as
investors took profits ahead of the end of the year.
 Market analysts warned that the outlook for gold remains cloudy in the near-term, given expectations for higher
U.S. interest rates in the months ahead.
 The precious metal is sensitive to moves in U.S. rates, which lift the opportunity cost of holding non-yielding
assets such as bullion, while boosting the dollar in which it is priced.
 he U.S. economy grew more than initially estimated in the third quarter, official revised data showed on
Thursday, underlining the view that the U.S. economy is strong enough to warrant further interest rate hikes in
2017.
 The Commerce Department said gross domestic product grew at a seasonally adjusted annual rate of 3.5% in
the three months ended September 30, up from a previous estimate of 3.2% and above expectations for a
reading of 3.3%.
Aaj Ka Trend
23rd Dec’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 1131.58
Silver 15.82
Crude Oil 52.64
Brent Crude Oil 54.75
Natural Gas 3.556
COMEX/NYMEX/ICE ( Precious Metals & Energy) Currency & Commodity Index
Currency (Spot) Current Price
USD / INR 67.99
Dollar Index 103.05
EUR / USD 1.0444
CRB Index* 190.30
Closing as on 22.12.16 *Closing as on 22.12.16
LME (Base Metals) ( $ per tones)
Commodity Closing Price
Copper 5518
Aluminum 1722
Zinc 2630
Lead 2124
Nickel 10730
SHFE (Base Metals) (Yuan per tones)
Commodity Closing Price
Copper 44860
Aluminum 12715
Zinc 21225
Lead 18465
Closing as on 22.12.16 Closing as on 22.12.16
LME INVENTORY DATA
Aaj Ka Trend
16-Dec-16 19-Dec-16 20-Dec-16 21-Dec-16 22-Dec-16
Aluminium -28074 -5224 -2826 25101 5025
Copper 11776 38399 -1451 -4400 -3825
Lead -49 -549 215 25 11700
Nickel -121 115 -2300 95 95
Zinc -1826 -1301 -574 -25 -175
23rd Dec’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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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
23rd Dec’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: 2016.12.23 09:23:31 +05'30'