#ChoiceBroking #Aajkatrend

1. Equities I Commodities I Currencies I Mutual Funds
Aaj Ka Trend
Technical View:
On daily chart, MCX Gold prices has observed Bullish Butterfly
Harmonic pattern at 27415 levels. Furthermore, COMEX Gold
prices are trading above its horizontal line at $1140 levels on
hourly time frame. Moreover, Momentum Indicator RSI is
trading in oversold zone at 25 levels daily time frame which
indicates positive momentum to the prices. For now we
expect prices should move higher towards 27930 levels in the
coming trading sessions.
SEBI Registered - Research Analyst Equities I Commodities I Currencies I Mutual Funds
Bullions
MCX Gold Feb Daily Chart CMP: 27587
MCX Gold (Feb) Trend: Bullish
Price potential: 27930 Reversal: 27300
MCX Silver Mar Daily Chart CMP: 41728
Technical View:
On daily chart, MCX Silver prices are trading above its
horizontal trend line support at 40130 levels. Furthermore,
COMEX Silver Prices observed breakout of its consolidation
formation at $16.70 levels on hourly time frame. In addition,
momentum indicator RSI has been trading above 40 levels on
daily chart, which indicates positive momentum to the prices.
For now we expect prices to move higher towards 42400
levels in few trading sessions.
MCX Silver (Mar) Trend: Bullish
Price potential: 42400 Reversal: 41100
Pivot levels for the Day
S1 S2 S3 Pivot R1 R2 R3
Gold 27700 37704 47582 27826 28150 28350 28450
Silver 41345 40969 40336 41602 41978 42235 42868
15th Dec’16

2. Equities I Commodities I Currencies I Mutual Funds
Technical View:
On daily chart, MCX Copper price has shown breakdown of
its symmetrical triangle pattern at 389.90 levels. Moreover,
COMEX Copper price has witnessed breakdown of its
ascending triangle pattern $2.62 levels on daily chart. In
addition MCX Copper prices are trading below its 21 DEMA.
Furthermore, momentum indicator RSI is trading below 60
levels on daily time frame. For now we expect prices to
move lower towards 379 levels in coming trading sessions.
SEBI Registered - Research Analyst Equities I Commodities I Currencies I Mutual Funds
MCX Copper Feb Daily Chart CMP: 389.60
MCX Copper (Feb) Trend: Bearish
Price potential: 379 Reversal: 394
MCX Crude Oil Dec. Daily Chart CMP: 3497
Technical View:
MCX Crude Oil price has witnessed breakout of its ascending
triangle pattern at 3500 in daily time frame. MCX Crude Oil is
trading above its 50 DEMA on daily chart. In addition, NYMEX
WTI Crude Oil price has shown breakout of its symmetrical
triangle pattern at 52 levels on daily chart. Moreover,
Momentum indicator RSI is trading above 60 levels on daily
chart which suggest the positive movement in the prices. For
now we expect prices to move higher 3650 towards levels
in coming trading sessions.
MCX Crude Oil (Dec) Trend: Bullish
Price potential: 3650 Reversal: 3480
Pivot levels for the Day
S1 S2 S3 Pivot R1 R2 R3
Copper 384.9 381.2 374.2 388.2 391.9 395.2 402.2
Crude 3503 3469 3399 3539 3573 3609 3679
Base Metal
Energy
Aaj Ka Trend
15th 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 384.9 381.2 374.2 388.2 391.9 395.2 402.2
Aluminum 116.9 116.4 115.4 117.5 118.0 118.5 119.6
Lead 156.1 155.1 152.6 157.6 158.6 160.1 162.6
Nickel 763.6 756.1 742.1 770.1 777.6 784.1 798.1
Zinc 182.7 180.8 177.3 184.2 186.1 187.7 191.1
Natural Gas 234.5 230.6 224.7 236.5 240.4 242.4 248.3
Fundamental News:
 Gold prices rose on Wednesday with the dollar little changed as investors awaited the outcome of the Federal
Reserve’s latest policy meeting later in the day.
 Investors will be focusing on the details of the central banks latest economic forecasts, the first since the U.S
presidential election, for indications on the expected pace of rate hikes going forward.
 Both a strong dollar and higher interest rates are typically bearish for gold, which is denominated in dollars and
struggles to compete with yield-bearing assets when borrowing costs rise.
 Wall Street futures pointed to a flat open on Wednesday, with markets expected to look past economic data as
they await the Federal Reserve’s (Fed) decision on monetary policy.
 In a report, the U.S. Commerce Department said that retail sales rose 0.1% in November from the prior month,
compared to expectations for a 0.3% increase. October retail sales increased 0.6%, whose figure was revised
from an initial 0.8% rise.
 Oil prices pared back losses on Wednesday after the U.S. Energy Information Administration reported an
unexpectedly large oil inventory drawdown last week.
 Stockpiles of gasoline and distillates also surprised to the downside, with gasoline stockpiles increasing by
just 0.49 million barrels and distillates falling by 0.76 million barrels.
 Prices had fallen earlier in the day after the Organization of the Petroleum Exporting Countries said that a global
supply overhang will grow next year unless major producers follow through on a weekend agreement to rein in
output.
Aaj Ka Trend
15th 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 1143.46
Silver 16.78
Crude Oil 50.87
Brent Crude Oil 53.83
Natural Gas 3.577
COMEX/NYMEX/ICE ( Precious Metals & Energy) Currency & Commodity Index
Currency (Spot) Current Price
USD / INR 67.4450
Dollar Index 102.19
EUR / USD 1.0515
CRB Index* 191.78
Closing as on 14.12.16 *Closing as on 14.12.16
LME (Base Metals) ( $ per tones)
Commodity Closing Price
Copper 5722
Aluminum 1746
Zinc 2810
Lead 2316
Nickel 11420
SHFE (Base Metals) (Yuan per tones)
Commodity Closing Price
Copper 46920
Aluminum 12905
Zinc 22950
Lead 21090
Closing as on 14.12.16 Closing as on 14.12.16
LME INVENTORY DATA
Aaj Ka Trend
07-Dec-16 08-Dec-16 12-Dec-16 13-Dec-16 14-Dec-16
Aluminium 0 -4950 -5750 -22151 -22201
Copper 0 -3575 -7800 126624 19949
Lead 0 -400 0 0 -51
Nickel 0 -60 -78 -73 1141
Zinc 0 -450 -675 -1249 -902
15th 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
15th 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: 2016.12.15 08:43:40 +05'30'