#ChoiceBroking #Aajkatrend

1. Equities I Commodities I Currencies I Mutual Funds
Aaj Ka Trend
Technical View:
MCX Gold price has given breakdown of its horizontal channel
pattern at 28480 levels on hourly chart and price has retested
its breakdown trend line at 28500 levels . On daily chart, MCX
Gold price has faced resistance of its breakdown trend line at
28850 levels. Moreover, Momentum Indicator MACD has
remained below signal line on hourly chart which suggest lack
of momentum in the prices. For now we expect prices should
move lower towards 27100 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: 28524
MCX Gold (Apr) Trend: Bearish
Price potential: 27100 Reversal: 28680
MCX Silver Mar. Hourly Chart CMP: 41372
Technical View:
On hourly chart, MCX Silver price has been trading in falling
channel formation. In addition, Silver price have given
breakdown of its rising trend line and price have almost
retested its breakdown trend line on hourly chart. In addition,
momentum indicator RSI has been facing resistance of its
horizontal trend line at 65 levels on hourly chart, which
indicates possibilities of further downside in the prices. For
now we expect prices to move lower towards 40550 levels in
few trading sessions.
MCX Silver (Mar) Trend: Bearish
Price potential: 40550 Reversal: 42000
Pivot levels for the Day
S1 S2 S3 Pivot R1 R2 R3
Gold 28357 28223 28147 28433 28566 28643 28930
Silver 41305 41140 40980 41465 41630 41790 42275
31st Jan’17

2. Equities I Commodities I Currencies I Mutual Funds
Technical View:
MCX Copper price has shown breakdown of its Head &
Shoulder neck line at 403 levels on hourly chart and price
have retested its breakdown neck line at 403 levels . On
hourly chart MCX Copper prices have been trading below its
21 HEMA. Furthermore, momentum indicator RSI has been
remained below 40 levels on hourly time frame, which
suggest further downside momentum can be seen in the
prices. For now we expect prices to move lower towards
390 levels in coming trading sessions.
SEBI Registered - Research Analyst Equities I Commodities I Currencies I Mutual Funds
MCX Copper Feb. Hourly Chart CMP: 398
MCX Copper (Feb) Trend: Bearish
Price potential: 390 Reversal: 403
MCX Crude Oil Feb. Hourly Chart CMP: 3581
Technical View:
MCX Crude Oil price has given breakdown of its symmetrical
triangle pattern at hourly chart. NYMEX Crude Oil prices has
given breakdown of its rising trend line at $53.40 levels on
hourly chart. MCX Crude Oil has faced resistance of its
horizontal trend line at 3680 levels. Moreover, Momentum
indicator RSI has remained below 60 levels on hourly chart
which suggest 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: 3660
Pivot levels for the Day
S1 S2 S3 Pivot R1 R2 R3
Copper 394.9 392.2 387.2 400 403 408 420
Crude 3566 3547 3509 3604 3623 3661 3755
Base Metal
Energy
Aaj Ka Trend
31st 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 394.9 392.2 387.2 400 403 408 420
Aluminum 121.7 120.9 119.6 123.0 123.7 125.0 128.4
Lead 155.7 154.5 153.3 156.9 158.1 159.3 162.8
Nickel 646.2 639.6 635.2 650.6 657.2 661.6 677.0
Zinc 187.0 186.3 185.6 187.7 188.4 189.1 191.3
Natural Gas 218.1 214.8 209.9 223.0 226.3 231.2 244.4
Fundamental News:
 Gold prices were higher in European morning trade on Monday, starting the week off with gains as the dollar
slumped after immigration curbs introduced by U.S. President Donald Trump heightened concerns about the
impact of the new administration's policies on trade and the economy.
 Trump on Friday put a four-month hold on allowing refugees into the U.S. and temporarily barred travelers from
Syria and six other Muslim-majority countries, saying the moves would help protect Americans from terrorist
attacks.
 Headlines from Washington will most likely continue to dictate market sentiment this week, as traders focus on
Trump for further details on his promises of tax reform, infrastructure spending and deregulation as well as
trade policies.
 The annual rate of economic growth slowed to 1.9% in the three months to December the Commerce
Department reported Friday, slowing sharply from the 3.5% rate of growth seen in the third quarter.
 Oil was mixed Monday on concerns increased U.S. supply could curtail the positive impact of output cuts agreed
by other producers.
 Baker Hughes weekly data Friday showed an increase in the number of rigs operating in the U.S. of 15 to 556.
 OPEC and non-OPEC producers have agreed to cut output by some 1.8 million barrels a day in the first half of
this year.
 U.S. natural gas futures declined on Monday, starting the week off with heavy losses as forecasts showing cold
weather receding in key regions in the U.S. during the next few weeks dampened demand for the heating fuel.
Aaj Ka Trend
31st 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 1201.24
Silver 17.18
Crude Oil 52.39
Brent Crude Oil 55.06
Natural Gas 3.198
COMEX/NYMEX/ICE ( Precious Metals & Energy) Currency & Commodity Index
Currency (Spot) Current Price
USD / INR 67.95
Dollar Index 100.24
EUR / USD 1.0704
CRB Index* 191.26
Closing as on 30.01.17 *Closing as on 30.01.17
LME (Base Metals) ( $ per tones)
Commodity Closing Price
Copper 5820
Aluminum 1802
Zinc 2777
Lead 2342
Nickel 9680
SHFE (Base Metals) (Yuan per tones)
Commodity Closing Price
Copper 46560
Aluminum 13735
Zinc 22450
Lead 18340
Closing as on 30.01.17 Closing as on 30.01.17
LME INVENTORY DATA
Aaj Ka Trend
24-Jan-17 25-Jan-17 25-Jan-17 27-Jan-17 30-Jan-17
Aluminium -1550 -6600 -6600 -4150
Copper -2500 -4500 -4500 -5200
Lead -250 -650 -650 -1600
Nickel 3534 4540 4540 -288
Zinc -2475 -2675 -2675 -2725
31st 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
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
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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
31st 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: 2017.01.31 09:02:05 +05'30'