Aaj ka trend 05.12.16

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. Moreover, MCX Gold prices are trading
below its 21 HEMA which suggest short term trend remains
down. Moreover, Momentum Indicator RSI is trading below 50
levels on hourly time frame which indicates negative
momentum to the prices. For now we expect prices should
move lower towards 27700 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: 28111
MCX Gold (Feb) Trend: Bearish
Price potential: 27700 Reversal: 28250
MCX Silver Mar Daily Chart CMP: 41339
Technical View:
On hourly chart, MCX Silver prices have completed Bullish Anti
– Alternate Shark Harmonic Pattern 40550 levels.
Furthermore, on COMEX Silver Prices has completed Bullish AB
= CD Harmonic pattern at $16.16 levels. In Addition, MCX
Silver prices are trading above its 21 HEMA on hourly time
frame which indicates positive momentum to the prices. For
now we expect prices to move higher towards 41950 levels in
few trading sessions.
MCX Silver (Mar) Trend: Bullish
Pivot levels for the Day
S1 S2 S3 Pivot R1 R2 R3
Gold 27902 27698 27376 28020 28150 28342 28664
Silver 40416 40188 39644 40732 40960 41276 41820
05th Dec’16

Technical View:
On hourly chart, MCX Copper price are trading in rising
channel formation and is trading above its Up ward slanting
trend line support. Moreover, COMEX Copper prices has
witnessed breakout of its Falling Wedge pattern at $2.63
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.
MCX Copper Feb Daily Chart CMP: 396.70
MCX Copper (Feb) Trend: Bullish
MCX Crude Oil Dec. Daily Chart CMP: 3500
Technical View:
MCX Crude Oil prices have witnessed breakout of its
Ascending Triangle pattern at 3505 in hourly time frame and
is trading above its trend line support. MCX Crude Oil is
trading above its 50 HEMA on hourly chart. 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 3590 towards levels
in coming trading sessions.
MCX Crude Oil (Dec) Trend: Bullish
Pivot levels for the Day
S1 S2 S3 Pivot R1 R2 R3
Copper 395.9 392.3 384.4 400.2 403.8 408.1 416.0
Crude 3411 3296 3115 3477 3592 3658 3839
Base Metal
Energy
Aaj Ka Trend
05th Dec’16

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 395.9 392.3 384.4 400.2 403.8 408.1 416.0
Aluminum 116.6 115.8 113.7 117.9 118.7 120.0 122.1
Lead 156.9 153.9 147.6 160.2 163.2 166.5 172.8
Nickel 758.8 753.0 738.9 767.1 772.9 781.2 795.3
Zinc 185.6 182.9 178.4 187.3 190.1 191.8 196.2
Natural Gas 231.3 222.8 209.5 236.1 244.6 249.4 262.7
Fundamental News:
 Gold prices fell in Asia on Friday ahead of U.S. jobs data that is seen as icing on the cake for a Fed rate hike this
month.
 Gold prices bounced off a 10-month low on Friday, as the U.S. dollar remained slightly weaker ahead of a key
U.S. employment report due to be released later in the day.
 U.S. oil turned lower on Friday, amid profit-taking and doubts over the potential success of the recent oil
production deal although the commodity continued to hover at the $50 a barrel threshold, signaling sustained
optimism.
 Oil prices fell 1.5 percent to steady at around $53 a barrel on Friday after the biggest weekly rally since 2009
following OPEC's decision this week to cut crude output in order to rein in a global glut.
 Iran threatened on Friday to retaliate against the U.S. Senate's vote to extend the Iran Sanctions Act (ISA) for 10
years, saying it violated last year's deal with six major powers that curbed its nuclear program.
 The surge in oil futures after OPEC agreed to cut output for the first time since 2008 ran out of steam Friday as
the market paused for thought.
 Facing brutal urban warfare in Mosul and with their push slowed by the presence of one million residents, Iraqi
commanders examined changing strategy last week to help civilians leave to give the army a free hand to strike
Islamic State fighters.
 The dollar held steady against the other majors currencies on Friday, after the release of mixed U.S.
employment data, although overall optimism over the strength of the economy continued to support the
greenback near multi-year highs.
Aaj Ka Trend
05th Dec’16

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 1179
Silver 16.79
Crude Oil 51.69
Brent Crude Oil 54.43
Natural Gas 3.454
COMEX/NYMEX/ICE ( Precious Metals & Energy) Currency & Commodity Index
Currency (Spot) Current Price
USD / INR 68.02
Dollar Index 100.75
EUR / USD 1.066
CRB Index* 191.69
Closing as on 02.12.16 *Closing as on 02.12.16
LME (Base Metals) ( $ per tones)
Copper 5758
Aluminum 1712
Zinc 2642
Lead 2258
Nickel 11316
SHFE (Base Metals) (Yuan per tones)
Copper 46750
Aluminum 13380
Zinc 22365
Lead 20580
Closing as on 02.12.16 Closing as on 02.12.16
LME INVENTORY DATA
Aaj Ka Trend
28-Nov-16 29-Nov-16 30-Nov-16 01-Dec-16 02-Dec-16
Aluminium 26524 -3226 -5901 -4301 -5574
Copper -2951 1224 -648 1848 -2650
Lead 0 0 -101 -101 -498
Nickel -715 44 -218 175 -182
Zinc -224 -175 -249 -402 -502
05th Dec’16

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
Rohan Patil
Research Associate
rohan.patil@choiceindia.com
www.choicebroking.incustomercare@choiceindia.com
Aaj Ka Trend
05th 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: 2016.12.03 15:53:15 +05'30'

Aaj ka trend 05.12.16

More Related Content

What's hot

Viewers also liked

Similar to Aaj ka trend 05.12.16

Recently uploaded

Aaj ka trend 05.12.16