#ChoiceBroking #Aajkatrend

1. Equities I Commodities I Currencies I Mutual Funds
Aaj Ka Trend
Technical View:
On 4 hourly chart, MCX Gold prices have been trading in rising
channel formation and prices have been facing resistance
27830 levels. In addition, COMEX Gold prices have been facing
resistance of its horizontal trend line at $1168 levels on hourly
chart. Moreover, Momentum Indicator RSI have shown
negative divergence on 4 hourly chart, which gives the sign of
bearishness in the prices. For now we expect prices should
move lower towards 27350 levels in the coming trading
sessions.
SEBI Registered - Research Analyst Equities I Commodities I Currencies I Mutual Funds
Bullions
MCX Gold Feb. 4 Hourly Chart CMP: 27682
MCX Gold (Feb) Trend: Bearish
Price potential: 27350 Reversal: 27900
MCX Silver Mar. Hourly Chart CMP: 40267
Technical View:
On hourly chart, MCX Silver price has faced resistance of its
falling trend line at 40400 levels on hourly chart. On the other
hand, MCX Silver price has completed bearish AB=CD
harmonic pattern at 40570 levels on hourly chart. In addition,
momentum indicator MACD has given negative crossover on
hourly chart, which indicates lack of strength in the prices. For
now we expect prices to move lower towards 39250 levels in
few trading sessions.
MCX Silver (Mar) Trend: Bearish
Price potential: 39250 Reversal: 40650
Pivot levels for the Day
S1 S2 S3 Pivot R1 R2 R3
Gold 27607 27554 27450 27711 28150 28350 28450
Silver 39826 39552 39293 40085 40359 40618 41410
05th Jan’17

2. Equities I Commodities I Currencies I Mutual Funds
Technical View:
MCX Copper price has been trading in falling channel
pattern and prices have been hovering around its
resistance of its upper band of channel pattern at 386 levels
on daily chart. In addition MCX Copper prices are trading
below its 21 HEMA. Furthermore, momentum indicator
MACD has remained below signal line on daily time frame,
which suggest further down side momentum can be seen.
For now we expect prices to move lower towards 374
levels in coming trading sessions.
SEBI Registered - Research Analyst Equities I Commodities I Currencies I Mutual Funds
MCX Copper Feb. Daily Chart CMP: 384.05
MCX Copper (Feb) Trend: Bearish
Price potential: 374 Reversal: 389
MCX Crude Oil Jan. 4 Hourly Chart CMP: 3621
Technical View:
MCX Crude Oil prices has given breakdown of its rising trend
line at 3610 levels on 4 hourly chart. MCX Crude Oil is trading
below its 50 HEMA on hourly chart. On the other hand,
NYMEX WTI Crude oil price has shown breakdown of its rising
trend line at $54 levels. Moreover, Momentum indicator
MACD has shown negative crossover and moving below its
signal line on 4 hourly chart which suggest negative
movement in the prices. For now we expect prices to move
lower towards 3470 levels in coming trading sessions.
MCX Crude Oil (Jan) Trend: Bearish
Price potential: 3470 Reversal: 3660
Pivot levels for the Day
S1 S2 S3 Pivot R1 R2 R3
Copper 378.8 373.5 370.2 382.1 387.4 390.7 402.7
Crude 3563 3530 3503 3590 3623 3650 3737
Base Metal
Energy
Aaj Ka Trend
05th 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 378.8 373.5 370.2 382.1 387.4 390.7 402.7
Aluminum 114.4 114.1 113.5 115.0 115.3 115.9 117.3
Lead 138.6 136.4 135.3 139.7 141.9 143.0 147.5
Nickel 685.9 676.8 672.0 690.7 699.8 704.6 723.3
Zinc 173.9 170.5 168.6 175.8 179.1 181.0 188.2
Natural Gas 220.6 218.1 213.7 225.0 227.5 231.9 243.2
Fundamental News:
 Gold touched a near-four week high on Wednesday as the dollar edged back from a 14-year peak and physical
demand from major consumers China and India increased.
 "The dollar index has consolidated and the big outflow from exchange-traded products (ETPs), which has been
the biggest headwind for gold in the past few months, has stopped recently," Julius Baer analyst Carsten Menke
said
 Holdings of the SPDR Gold Trust GLD , the world's largest gold-backed exchange-traded fund, dropped 1 percent
to 813.87 tonnes on Tuesday. Holdings are down about 14 percent since the U.S. presidential election in
November.
 Gold imports to Turkey rose to 36.7 tonnes in December, their highest monthly level in just over two years, data
from the Istanbul bourse showed on Wednesday. XAG= was up 1 percent at $16.42 an ounce, after hitting near
three-week highs in the last session
 Oil fell from the highest level since July 2015 as the dollar strengthened while doubts persisted about the ability
of OPEC and its partners to balance the market.
 Futures slipped on the first trading day of 2017 after rising 45 percent last year, the biggest annual gain since
2009. Prices touched an 18-month high earlier as output cuts by Kuwait and Oman signaled OPEC and its
partners are delivering on their deal to stabilize the market. Oil fell from the session’s highs as a strengthening
greenback reduced investor demand for commodities priced in the U.S. currency.
 Oil rose in 2016 for the first time in three years as the Organization of Petroleum Exporting Countries and 11
other countries agreed to cut output starting Jan. 1 in an effort to reduce bloated global stockpiles.
Aaj Ka Trend
05th 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 1173.60
Silver 16.60
Crude Oil 53.13
Brent Crude Oil 56.28
Natural Gas 3.247
COMEX/NYMEX/ICE ( Precious Metals & Energy) Currency & Commodity Index
Currency (Spot) Current Price
USD / INR 68.05
Dollar Index 102.17
EUR / USD 1.0527
CRB Index* 192.97
Closing as on 04.01.17 *Closing as on 04.01.17
LME (Base Metals) ( $ per tones)
Commodity Closing Price
Copper 5644
Aluminum 1685
Zinc 2621
Lead 2079
Nickel 10220
SHFE (Base Metals) (Yuan per tones)
Commodity Closing Price
Copper 45880
Aluminum 12640
Zinc 21515
Lead 17975
Closing as on 04.01.17 Closing as on 04.01.17
LME INVENTORY DATA
Aaj Ka Trend
29-Dec-16 30-Dec-16 02-Jan-17 03-Jan-17 04-Jan-17
Aluminium 6875 22251 0 -3750 -5701
Copper -2751 -6125 0 -10401 -5949
Lead -51 -799 0 -51 -1000
Nickel -125 -125 0 787 -343
Zinc -475 -475 0 -475 54
05th Jan’17

5. Equities I Commodities I Currencies I Mutual Funds
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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
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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
05th 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: 2017.01.05 09:07:55 +05'30'