#ChoiceBroking #Aajkatrend

1. Aaj Ka Trend
Bullions
09th March’17
Technical View:
MCX Gold price has given a breakdown of its rising trend line
at 29190 levels on the hourly chart and price has almost
retested its breakdown trend line at 29189 levels. Moreover,
MCX Gold prices have been trading below 50 HEMA on the
MCX Gold Apr. Hourly Chart CMP: 28629
MCX Gold prices have been trading below 50 HEMA on the
hourly chart. Moreover, Momentum Indicator RSI on the
hourly chart remained below 60 levels on a daily chart. For
now, we expect prices should move lower
towards 28400 levels in the coming trading sessions.
MCX Gold (Apr) Trend: Bearish
Price potential: 28400 Reversal: 28830
MCX Silver May Hourly Chart CMP: 41430
Technical View:
MCX Silver price has given a breakdown of its rising trend line
at 42850 levels and price has almost retested the breakdown
trend 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 HEMA hourly chart. Furthermore,
Momentum indicator RSI has remained below 60 levels on the
hourly chart. For now, we continue to remain bearish on
Silver and expecting a correction to towards 40600 levels inSilver and expecting a correction to towards 40600 levels in
few trading sessions.
MCX Silver (May) Trend: Bearish
Price potential: 40600 Reversal: 42100
Pivot levels for the Day
S1 S2 S3 Pivot R1 R2 R3
Gold 28566 28477 28372 28671 28760 28865 29163
Equities I Commodities I Currencies I Mutual FundsSEBI Registered - Research Analyst Equities I Commodities I Currencies I Mutual Funds
Silver 41328 41139 40824 41643 41832 42147 42967

2. Base Metal
Aaj Ka Trend
09th March’17
Technical View:
MCX Copper price has been moving in horizontal channel
pattern formation from past few months and price has
faced the resistance of its upper band of the pattern on the
4 hourly chart. On the 4 hourly chart, MCX Copper prices
h b t di b l 50 HEMA M t i di t
MCX Copper Apr. 4 Hourly Chart CMP: 385.35
have been trading below 50 HEMA. Momentum indicator
MACD has shown negative crossover on the 4 hourly time
frame, which suggests downside momentum in the
prices. For now, we expect prices to move lower
towards 377 levels in coming trading sessions.
MCX Copper (Apr) Trend: Bearish
Price potential: 377 Reversal: 393
MCX Crude Oil March. Hourly Chart CMP: 3425
Energy
MCX Crude Oil March. Hourly Chart CMP: 3425
Technical View:
MCX Crude Oil price given breakdown of its symmetrical
triangle pattern at 3510 levels on a daily chart. On the other
hand, prices have been trading below its 21 DEMA on a daily
chart. Momentum indicator MACD has given negative
crossover on a daily chart which suggests chances of a
further down side in the prices. However, the short term
b hview remains bearish. For now, we expect prices to move
lower towards 3400 levels in the few trading session.
MCX Crude Oil (March) Trend: Bearish
Price potential: 3400 Reversal: 3540Price potential: 3400 Reversal: 3540
Pivot levels for the Day
S1 S2 S3 Pivot R1 R2 R3
Copper 385.1 383.7 381.2 388 389 391 398
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Crude 3429 3395 3335 3489 3523 3583 3738

3. Other Base Metals & Energy
Aaj Ka Trend
09th March’17
gy
S1 S2 S3 Pivot R1 R2 R3 Trend
Copper 385.1 383.7 381.2 388 389 391 398
Al i 124 8 124 2 123 6 125 4 126 0 126 6 128 4Aluminum 124.8 124.2 123.6 125.4 126.0 126.6 128.4
Lead 148.9 147.5 146.6 149.8 151.2 152.1 155.3
Nickel 667.8 655.5 632.8 690.5 702.8 725.5 783.3
Zinc 179.5 178.5 177.7 180.4 181.4 182.2 184.9
Natural Gas 191.8 187.2 184.8 194.2 198.8 201.2 210.6
Fundamental News:
 A report from ADP that showed the strongest creation of non‐farm private employment in nearly 11
years caused markets to further increase the odds on Wednesday for a rate hike by the Federal Reserve (Fed) at
their meeting next week.
 According to Investing.com's Fed Rate Monitor Tool, Fed fund futures are currently pricing in a 90.8% chance of
an increase in interest rates being announced on March 15. That compared to 86% earlier on Wednesday and
just 66% the prior week.
 The dollar hit the highest levels of the day against a basket of the other major currencies on Wednesday after
unexpectedly robust U.S. private sector hiring data bolstered optimism over the health of the labor market
ahead of Friday’s government jobs report.
 After a string of recent hawkish comments from Fed members, odds have rapidly increased that the U.S. central
bank will remove accommodative policy at the next meeting with some analysts suggesting that only a dismalbank will remove accommodative policy at the next meeting with some analysts suggesting that only a dismal
employment report on Friday would be capable of staying a move to tighten monetary policy.
 Wall Street traded mixed on Wednesday after a strong report on the U.S. labor market sparked increased
optimism over the economy but was also coupled with speculation about its impact on monetary policy.
 While the report set the stage for a positive read from the upcoming government jobs report on Friday, it also
suggested that the Federal Reserve (Fed) would have no impediment to tightening policy at its meeting next
week.
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 Odds on future rate hikes have undergone volatility in the lead up to the March meeting, though they have
moved beyond 80% this week from around 20% before a string of recent hawkish comments from Fed policy
makers convinced markets that the central bank would make a move in their March 15 announcement.

4. International Market
Aaj Ka Trend
09th March’17
Commodity Closing Price
Gold 1207.41
Silver 17.22
COMEX/NYMEX/ICE ( Precious Metals & Energy) Currency & Commodity Index
Currency (Spot) Current Price
USD / INR 66.84
Silver 17.22
Crude Oil 50.59
Brent Crude Oil 53.53
Natural Gas 2.925
Dollar Index 102.14
EUR / USD 1.05
CRB Index* 185.053
Closing as on 08.03.17 *Closing as on 08.03.17
LME (Base Metals) ( $ per tones)
Commodity Closing Price
Copper 5765
Aluminum 1877
Zinc 2710
SHFE (Base Metals) (Yuan per tones)
Commodity Closing Price
Copper 46650
Aluminum 13640
Lead 2251
Nickel 10200
Zinc 21675
Lead 17600
Closing as on 08.03.17 Closing as on 08.03.17
LME INVENTORY DATA
02‐March‐17 03‐March‐17 06‐March‐17 07‐March‐17 08‐March‐17
Aluminium ‐7625 ‐19850 ‐19400 ‐23650 ‐16325
Copper ‐725 ‐3575 38825 26725 26550
Lead 300 ‐150 ‐25 ‐25 ‐25
Nickel 666 ‐714 ‐450 3816 5022
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Zinc ‐25 ‐1025 3400 ‐425 ‐2175

5. Contact Us
Aaj Ka Trend
09th 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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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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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.
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: 2017.03.09 09:14:43 +05'30'