#ChoiceBroking #Aajkatrend

1. Aaj Ka Trend
Bullions
06th March’17
Technical View:
MCX Gold price has found resistance at the horizontal line on
the 4 hourly chart. Moreover, MCX Gold prices have been
trading below 50 EMA on the 4 hourly chart. Moreover,
Momentum Indicator MACD on the 4 hour chart remained in
MCX Gold Apr. 4 Hourly Chart CMP: 29020
Momentum Indicator MACD on the 4 hour chart remained in
bearish crossover and falling. For now, we expect prices
should move lower towards 28850 levels in the coming
trading sessions.
MCX Gold (Apr) Trend: Bearish
Price potential: 28700 Reversal: 29200
MCX Silver May Hourly Chart CMP: 42524
Technical View:
MCX Silver price has moved within a narrow downwards
channel and taken the support of its horizontal line around
42380 levels on the hourly chart. On the other hand MCX
Silver prices have been trading below 50 EMA for quite a
sometime on the hourly chart. Momentum indicator MACD
has entered into a bullish crossover in the hourly chart with a
flattish trend. For now, we continue to remain bearish on
Silver and expecting a correction to towards 41750 levels inSilver and expecting a correction to towards 41750 levels in
few trading sessions.
MCX Silver (May) Trend: Bearish
Price potential: 41750 Reversal: 42800
Pivot levels for the Day
S1 S2 S3 Pivot R1 R2 R3
Gold 28915 28809 28667 29057 29162 29305 29696
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Silver 42355 42177 42005 42527 42705 42877 43400

2. Base Metal
Aaj Ka Trend
06th March’17
Technical View:
MCX Copper price has taken the support of its horizontal
trend line at 396 levels on the hourly chart. On the hourly
chart, MCX Copper price has found resistance around
23.60% retracement of the previous fall from 409 to 396.
M t i di t MACD h h iti
MCX Copper Apr. Hourly Chart CMP: 398.60
Momentum indicator MACD has shown positive crossover
on the hourly time frame, which suggests upside
momentum in the prices. For now, we expect prices to
move higher towards 415 levels in coming trading
sessions.
MCX Copper (Apr) Trend: Bullish
Price potential: 415 Reversal: 393
MCX Crude Oil March. Hourly Chart CMP: 3556
Energy
MCX Crude Oil March. Hourly Chart CMP: 3556
Technical View:
MCX Crude Oil price had found support at 3530 ‐3520 bands
which induced a pullback in the late hours of the last session.
On the higher end previous trough of 3559 has proved an
initial resistance to the rising price. Momentum indicator
MACD has given positive crossover on the hourly chart which
suggests chances of small pullback in the prices. However,
h h b hthe short term view remains bearish. For now, we expect
prices to move higher towards 3620/3650 levels in the next
trading session.
MCX Crude Oil (March) Trend: Bullish
Price potential: 3650 Reversal: 3520Price potential: 3650 Reversal: 3520
Pivot levels for the Day
S1 S2 S3 Pivot R1 R2 R3
Copper 396.6 394.6 393.2 398 400 401 406
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Crude 3528 3501 3481 3548 3575 3595 3661

3. Other Base Metals & Energy
Aaj Ka Trend
06th March’17
gy
S1 S2 S3 Pivot R1 R2 R3 Trend
Copper 396.6 394.6 393.2 398 400 401 406
Al i 125 1 124 0 122 4 126 6 127 7 129 3 133 5Aluminum 125.1 124.0 122.4 126.6 127.7 129.3 133.5
Lead 149.5 148.5 147.3 150.7 151.8 153.0 156.5
Nickel 728.7 721.6 717.5 732.8 739.9 744.0 759.4
Zinc 184.4 183.0 181.3 186.2 187.6 189.3 194.2
Natural Gas 185.4 183.8 181.5 187.7 189.3 191.6 197.7
Fundamental News:
 Crude settled more than 1% higher on Friday, as oil prices rebounded after a sell‐off in the prior session while
the number of U S oil rigs rose for the seventh straight weekthe number of U.S. oil rigs rose for the seventh straight week.
 Gold prices traded lower on Friday, despite a dip in the dollar, as investors’ expectations of a March interest
rate hike soared. Top‐tier U.S. economic data had little impact on the yellow‐metal as investors focused on
whether the Federal Reserve will increase interest rates at its next meeting on March 15
 The White House is proposing to slash a quarter of the U.S. Environmental Protection Agency's budget, targeting
climate‐change programs and those designed to prevent air and water pollution like lead contamination, a
source with direct knowledge of the proposal said on Thursday.g p p y
 The dollar retreated further against a basket of major currencies on Friday, after Federal Reserve Chair Yellen
hinted that a March rate hike would be ‘appropriate’.
 The U.S. dollar pared gains against its Canadian counterpart on Friday, pulling away from a two‐month peak
although expectations for a U.S. rate hike next month continued to support demand for the greenback.
 Service sector activity in the U.S. unexpectedly strengthened in February, registering an 85th consecutive month
of growth and bolstering optimism over the U.S. economy, industry data showed on Friday.
Equities I Commodities I Currencies I Mutual FundsSEBI Registered - Research Analyst Equities I Commodities I Currencies I Mutual Funds
of growth and bolstering optimism over the U.S. economy, industry data showed on Friday.

4. International Market
Aaj Ka Trend
06th March’17
Commodity Closing Price
Gold 1234.81
Silver 17.97
COMEX/NYMEX/ICE ( Precious Metals & Energy) Currency & Commodity Index
Currency (Spot) Current Price
USD / INR 66.81
Silver 17.97
Crude Oil 53.33
Brent Crude Oil 55.90
Natural Gas 2.827
Dollar Index 101.54
EUR / USD 1.06
CRB Index* 189.715
Closing as on 03.03.17 *Closing as on 03.03.17
LME (Base Metals) ( $ per tones)
Commodity Closing Price
Copper 5917
Aluminum 1892
Zinc 2775
SHFE (Base Metals) (Yuan per tones)
Commodity Closing Price
Copper 48190
Aluminum 13970
Lead 2249
Nickel 10990
Zinc 22655
Lead 18410
Closing as on 03.03.17 Closing as on 03.03.17
LME INVENTORY DATA
27‐Feb‐17 28‐Feb‐17 01‐March‐17 02‐March‐17 03‐March‐17
Aluminium 27875 ‐8650 ‐12500 ‐7625 ‐19850
Copper ‐3225 ‐3775 ‐2375 ‐725 ‐3575
Lead 525 ‐575 ‐150 300 ‐150
Nickel ‐1068 ‐1146 312 666 ‐714
Equities I Commodities I Currencies I Mutual FundsSEBI Registered - Research Analyst Equities I Commodities I Currencies I Mutual Funds
Zinc 4475 ‐1750 ‐50 ‐25 ‐1025

5. Contact Us
Aaj Ka Trend
06th March’17
Contact Us
Amit Pathania
Research Associate
amit.pathania@choiceindia.com
Anish Vyas
Senior Research Associate
anish.vyas@choiceindia.com
Neeraj Yadav
Research Advisor
neeraj.yadav@choiceindia.com
www.choicebroking.incustomercare@choiceindia.com
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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
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and accepts no responsibility or liability as to its accuracy or completeness. The opinions contained within the report are based upon publicly available
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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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SEBI Registered - Research Analyst Equities I Commodities I Currencies I Mutual Funds
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: 2017.03.04 15:51:08 +05'30'