#ChoiceBroking #Aajkatrend

1. Equities I Commodities I Currencies I Mutual Funds
Aaj Ka Trend
Technical View:
On hourly chart, MCX Gold prices are trading in a Falling
channel Formation & prices are trading near upper band of its
channel. Moreover, MCX Gold prices are trading below its 50
HEMA which suggest short term trend remains down.
Moreover, Momentum Indicator RSI is trading below 40 levels
on hourly time frame which indicates negative momentum to
the prices. For now we expect prices should move lower
towards 28100 levels in the coming trading sessions.
SEBI Registered - Research Analyst Equities I Commodities I Currencies I Mutual Funds
Bullions
MCX Gold Dec Daily Chart CMP: 28420
MCX Gold (Dec) Trend: Bearish
Price potential: 28100 Reversal: 28650
MCX Silver Dec Daily Chart CMP: 39980
Technical View:
On hourly chart, MCX Silver prices are trading of its Channel
formation at 40400 levels. Furthermore, on COMEX Silver
Prices has completed Bullish White Swan Harmonic pattern at
$16.30 levels. In Addition, MCX Silver prices are trading above
its 05 HEMA on hourly time frame which indicates positive
momentum to the prices. For now we expect prices to move
higher towards 40800 levels in few trading sessions.
MCX Silver (Dec) Trend: Bullish
Price potential: 40800 Reversal: 39500
Pivot levels for the Day
S1 S2 S3 Pivot R1 R2 R3
Gold 28702 28374 28094 28654 28848 28934 29214
Silver 40497 40155 39649 40661 41003 41167 41673
01st Dec’16

2. Equities I Commodities I Currencies I Mutual Funds
Technical View:
On hourly chart, MCX Copper price are trading above its
Horizontal trend line support. Moreover, COMEX Copper
prices has witnessed breakout of its Falling Wedge pattern
at $2.623 levels on hourly chart. In addition MCX Copper
prices are trading above its 21 HEMA. Furthermore,
momentum indicator RSI is trading above 50 levels on
hourly time frame. For now we expect prices to move
higher towards 405 levels in coming trading sessions.
SEBI Registered - Research Analyst Equities I Commodities I Currencies I Mutual Funds
MCX Copper Feb Daily Chart CMP: 396
MCX Copper (Feb) Trend: Bullish
Price potential: 405 Reversal: 391
MCX Crude Oil Dec. Daily Chart CMP: 3385
Technical View:
MCX Crude Oil prices have witnessed breakout of its Channel
pattern at 3316 in hourly time frame. MCX Crude Oil is
trading above its 50 HEMA on hourly chart. In addition,
NYMEX Crude Oil has formed Bullish Swan Harmonic pattern
in 4 hourly time frame. Moreover, Momentum indicator RSI
is trading above 60 levels on hourly chart which suggest the
positive movement in the prices. For now we expect prices
to move higher 3400 towards levels in coming trading
sessions.
MCX Crude Oil (Dec) Trend: Bullish
Price potential: 3470 Reversal: 3320
Pivot levels for the Day
S1 S2 S3 Pivot R1 R2 R3
Copper 390.2 382.3 367.9 396.8 404.6 411.2 425.7
Crude 3039 2964 2726 3202 3277 3440 3678
Base Metal
Energy
Aaj Ka Trend
01st 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 390.2 382.3 367.9 396.8 404.6 411.2 425.7
Aluminum 116.5 115.3 112.8 117.9 119.1 120.4 123.0
Lead 158.3 155.3 149.5 161.1 164.1 166.9 172.7
Nickel 755.6 742.7 722.1 763.3 776.2 783.9 804.5
Zinc 183.0 179.6 173.0 186.2 189.6 192.8 199.4
Natural Gas 225.4 222.6 217.2 228.0 230.8 233.4 238.8
Fundamental News:
 Gold prices slid on Wednesday as the dollar pushed higher after upbeat U.S. economic reports on Tuesday
supported the case for higher interest rates.
 Demand for the dollar continued to be underpinned after solid U.S. economic reports on Tuesday fed into
expectations for a December rate hike by the Federal Reserve.
 Oil prices jumped more than 8 percent on Wednesday to a five-week high as some of the world's largest oil
producers gathered in Vienna to try to agree a production cut that could be bigger than expected.
 West Texas Intermediate oil made no move in North American trade on Wednesday, despite data that showed a
surprise draw on inventories, as investors continued to wait for the official announcement of OPEC’s deal to cut
production.
 With the Organization of the Petroleum Exporting Countries (OPEC) gathered in Vienna on Wednesday to
finalize a deal on limiting output, markets were still betting that a “shock and awe” agreement would be the
final outcome, even as some experts warned that the “meeting is not over”.
 Oil Wednesday jumped by over 7% on renewed hopes for an OPEC deal to curb output.
 OPEC has agreed its first limit on oil output since 2008, sources in the producer group told Reuters, with Saudi
Arabia accepting "a big hit" on its production and agreeing to arch-rival Iran freezing output at pre-sanctions
levels.
 OPEC Wednesday agreed to a 1.2 mn b/d cut in output to 32.5 mn: Bloomberg.
 Oil prices jumped more than 3% on Wednesday, amid growing optimism that the Organization of the Petroleum
Exporting Countries will be able to reach an agreement on a deal to curb output later in the day.
Aaj Ka Trend
01st 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 1170.70
Silver 16.45
Crude Oil 49.44
Brent Crude Oil 51.91
Natural Gas 3.34
COMEX/NYMEX/ICE ( Precious Metals & Energy) Currency & Commodity Index
Currency (Spot) Current Price
USD / INR 68.56
Dollar Index 101.50
EUR / USD 1.60
CRB Index* 189.31
Closing as on 30.11.16 *Closing as on 30.11.16
LME (Base Metals) ( $ per tones)
Commodity Closing Price
Copper 5800
Aluminum 1750
Zinc 2750
Lead 2350
Nickel 11350
SHFE (Base Metals) (Yuan per tones)
Commodity Closing Price
Copper 48220
Aluminum 13850
Zinc 23650
Lead 21120
Closing as on 30.11.16 Closing as on 30.11.16
LME INVENTORY DATA
Aaj Ka Trend
24-Nov-16 25-Nov-16 28-Nov-16 29-Nov-16 30-Nov-16
Aluminium 899 -5451 26524 -3226 -5901
Copper -3526 1324 -2951 1224 -648
Lead 0 0 0 0 -101
Nickel -223 -6 -715 44 -218
Zinc -1274 -226 -224 -175 -249
01st 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
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
Rohan Patil
Research Associate
rohan.patil@choiceindia.com
www.choicebroking.incustomercare@choiceindia.com
SEBI Registered - Research Analyst Equities I Commodities I Currencies I Mutual Funds
Aaj Ka Trend
01st Dec’16
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: 2016.12.01 08:37:51 +05'30'