#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 a daily chart and price has almost
retested its breakout trend line levels. Moreover, MCX Gold
prices have been trading above 21 DEMA on the daily chart. In
addition, COMEX Gold price has shown a breakout of its
horizontal trend line at $1230 levels. Moreover, Momentum
Indicator RSI has shown bullish range shift on the daily chart.
For now, we expect prices should move higher
towards 29650 levels in the coming trading sessions.
SEBI Registered - Research Analyst Equities I Commodities I Currencies I Mutual Funds
Bullions
MCX Gold Apr. Daily Chart CMP: 29301
MCX Gold (Apr) Trend: Bullish
Price potential: 29650 Reversal: 29050
MCX Silver Mar. Daily Chart CMP: 42836
Technical View:
On a daily chart, MCX Silver price has given a breakout of its
inverted Head & Shoulder neckline at 41980 levels and price
has rested its neckline breakout. On the other hand, COMEX
Silver price has given a breakout of its horizontal trend line at
$17.70 levels. Moreover, MCX Silver prices have been trading
above its 50 DEMA. In addition, momentum indicator RSI has
remained above 60 levels, which indicates possibilities of
further upside in the prices. For now, we expect prices to
move higher towards 43800 levels in few trading sessions.
MCX Silver (Mar) Trend: Bullish
Price potential: 43800 Reversal: 42200
Pivot levels for the Day
S1 S2 S3 Pivot R1 R2 R3
Gold 29143 29002 28928 29217 29358 29431 29720
Silver 42534 42258 42101 42691 42967 43124 43714
22nd Feb’17

2. Equities I Commodities I Currencies I Mutual Funds
Technical View:
MCX Copper prices have been trading in rising channel
pattern from past few months and price has faced the
resistance of its upper band of channel pattern at 414.40
levels. On the daily chart, MCX Copper prices have traded
below its 21 DEMA on a daily chart. Furthermore,
momentum indicator RSI has shown negative divergence on
a daily time frame, which suggests down momentum in the
prices. For now, we expect prices to move lower
towards 396 levels in coming trading sessions.
SEBI Registered - Research Analyst Equities I Commodities I Currencies I Mutual Funds
MCX Copper Feb. Daily Chart CMP: 405.25
MCX Copper (Feb) Trend: Bearish
Price potential: 396 Reversal: 411
MCX Crude Oil March. Daily Chart CMP: 3668
Technical View:
MCX Crude Oil price has faced the resistance of its rising
channel pattern and price has faced the resistance of its
upper band of channel pattern at 3780 levels. Moreover,
prices have been trading below 21 DEMA. Furthermore,
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
3580 levels in coming trading sessions.
MCX Crude Oil (March) Trend: Bearish
Price potential: 3580 Reversal: 3740
Pivot levels for the Day
S1 S2 S3 Pivot R1 R2 R3
Copper 404.1 401.9 400.6 405 408 409 414
Crude 3636 3597 3568 3665 3704 3733 3830
Base Metal
Energy
Aaj Ka Trend
22nd 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 404.1 401.9 400.6 405 408 409 414
Aluminum 125.7 125.3 124.9 126.1 126.4 126.8 128.0
Lead 150.8 149.6 147.4 153.0 154.2 156.4 162.0
Nickel 721.9 714.7 704.5 732.1 739.3 749.5 777.2
Zinc 191.0 189.7 188.1 192.6 193.8 195.4 199.9
Natural Gas 171.6 167.1 159.7 179.0 183.5 190.9 210.3
Fundamental News:
 Gold prices were under pressure during North American morning hours on Tuesday, adding to overnight losses,
as the U.S. dollar rose broadly after two Federal Reserve policymakers pointed to the potential for U.S. interest
rates to rise next month.
 The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major
currencies, was up 0.6% to 101.53 in early New York morning trade, rising back toward last week's more than
one-month high of 101.75.
 Philadelphia Fed President Patrick Harker said Monday that he would likely support an interest rate increase at
the central bank’s next meeting in March if he sees additional evidence that inflation is gaining momentum.
 Fed Chair Janet Yellen said last week that the U.S. central bank will likely need to raise interest rates at an
upcoming meeting, although she flagged considerable uncertainty over economic policy under the Donald
Trump administration.
 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.
 Gold prices edged lower during European morning hours on Tuesday, amid a rise in the dollar as market players
awaited further hints on the timing of the next U.S. rate hike.
 Fed Chair Janet Yellen said last week that the U.S. central bank will likely need to raise interest rates at an
upcoming meeting, although she flagged considerable uncertainty over economic policy under the Donald
Trump administration.
 Observers noted record net long position-taking in oil futures and options.
However, the market is also looking to developments in North American shale activity which could cancel out
the agreed cuts.
Aaj Ka Trend
22nd 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 1237.20
Silver 18.07
Crude Oil 54.57
Brent Crude Oil 56.98
Natural Gas 2.575
COMEX/NYMEX/ICE ( Precious Metals & Energy) Currency & Commodity Index
Currency (Spot) Current Price
USD / INR 66.9250
Dollar Index 101.29
EUR / USD 1.0548
CRB Index* 192.05
Closing as on 21.02.17 *Closing as on 21.02.17
LME (Base Metals) ( $ per tones)
Commodity Closing Price
Copper 6060
Aluminum 1886
Zinc 2875
Lead 2265
Nickel 10855
SHFE (Base Metals) (Yuan per tones)
Commodity Closing Price
Copper 48890
Aluminum 14075
Zinc 23325
Lead 18825
Closing as on 21.02.17 Closing as on 21.02.17
LME INVENTORY DATA
Aaj Ka Trend
15-Feb-17 16-Feb-17 17-Feb-17 20-Feb-17 21-Feb-17
Aluminium -8775 -3950 -5700 -7251 275
Copper -7525 900 -7650 -5052 -2600
Lead -25 -25 625 625 50
Nickel -936 -510 -606 4292 1116
Zinc 14425 -1800 -3075 -2048 -1750
22nd Feb’17

5. Equities I Commodities I Currencies I Mutual Funds
This is solely for information of clients of Choice Broking and does not construe to be an investment advice. It is also not intended as an offer or solicitation
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
22nd Feb’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: 2017.02.22 08:57:10 +05'30'