#ChoiceBroking #Aajkatrend

1. Equities I Commodities I Currencies I Mutual Funds
Aaj Ka Trend
Technical View:
On daily chart, MCX Gold prices have been trading in
symmetrical triangle pattern and prices have been facing
resistance of its upper band of pattern at 30610 levels.
Moreover, MCX Gold prices are trading below its 100 DEMA
which suggest medium term trend remains weak. Moreover,
Momentum Indicator RSI is trading below 60 levels on daily
time frame which indicates negative momentum to the prices.
For now we expect prices should move lower towards 29650
levels in the coming trading sessions.
SEBI Registered - Research Analyst Equities I Commodities I Currencies I Mutual Funds
Bullions
MCX Gold Dec Hourly Chart CMP: 29880
MCX Gold (Dec) Trend: Bearish
Price potential: 29650 Reversal: 30400
MCX Silver Dec Hourly Chart CMP: 43309
Technical View:
As expected MCX Silver price has achieved our short term
target of 44100 levels. MCX Silver price has taken support of
its rising trend line at 42500 levels on daily chart. On hourly
chart, MCX Silver after witnessing breakout of its horizontal
channel pattern at 42850 levels prices has retested its trend
line support at 42850 levels. In addition, MCX Silver are
trading above its 21 HEMA on hourly time frame. Moreover,
Momentum indicator RSI has observed MRDP up at 40 levels
on hourly basis. For now we expect prices to move higher
towards 44200 levels in few trading sessions.
MCX Silver (Dec) Trend: Bullish
Price potential: 44200 Reversal: 42650
Pivot levels for the Day
S1 S2 S3 Pivot R1 R2 R3
Gold 29905 29617 29164 30070 30224 30523 30976
Silver 42073 41832 40540 43124 43365 44416 45708
09th Nov’16

2. Equities I Commodities I Currencies I Mutual Funds
Technical View:
As expected MCX Copper price has achieved our short
term target of 346 levels. On daily chart, MCX Copper
price has given breakout of its symmetrical triangle pattern
at 337.10 levels on daily chart. Moreover, prices have
breached its horizontal trend line resistance on daily chart.
Furthermore, MCX Copper is trading above its 100 DEMA
on daily time frame. Moreover, momentum indicator MACD
has shown positive crossover on daily chart which is bullish
sign. For now we expect prices to move higher towards
354 levels in coming trading sessions.
SEBI Registered - Research Analyst Equities I Commodities I Currencies I Mutual Funds
MCX Copper Nov hourly Chart CMP: 348.80
MCX Copper (Nov) Trend: Bullish
Price potential: 342 Reversal: 354
MCX Crude Oil Nov. Hourly Chart CMP: 3009
Technical View:
MCX Crude oil price has shown breakdown of its rising wedge
pattern at 3080 levels on daily chart. MCX Crude Oil is
trading in a Lower Low pattern on hourly chart. In addition,
Counter has witnessed breakdown of its Rising Channel
pattern in NYMEX at $44.35 levels on daily chart. Moreover,
Momentum indicator MACD is trading below its signal line on
daily chart which suggest the negative movement in the
prices. For now we expect prices to move lower 2900
towards levels in coming trading sessions.
MCX Crude Oil (Nov) Trend: Bearish
Price potential: 2900 Reversal: 3060
Pivot levels for the Day
S1 S2 S3 Pivot R1 R2 R3
Copper 340.5 333.2 321.6 344.9 352.2 356.5 368.2
Crude 2959 2930 2869 2991 3020 3052 3113
Base Metal
Energy
Aaj Ka Trend
09th Nov’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 340.5 333.2 321.6 344.9 352.2 356.5 368.2
Aluminum 113.9 113.1 111.6 114.6 115.4 116.1 117.6
Lead 138.3 136.5 133.0 140.0 141.8 143.5 147.0
Nickel 735.5 724.7 702.8 746.6 757.4 768.5 790.4
Zinc 162.6 160.6 156.6 164.6 166.6 168.6 172.6
Natural Gas 172.3 167.7 154.7 180.7 185.3 193.7 206.7
Fundamental News:
 Gold prices held steady in a narrow range during North American hours on Tuesday, as investors adopted a
wait-and-see approach before U.S. voters head to the polls to elect a new president.
 Prices of the yellow metal sank to a one-week low of $1,278.60 on Monday as demand for safe-haven assets
ebbed after the FBI said that no charges were warranted in the case of Democrat Hillary Clinton's use of a
private email server, lifting a cloud over her presidential campaign.
 Global financial markets were rattled last week by signs the U.S. presidential election race between Democrat
candidate Hillary Clinton and Republican nominee Donald Trump was tightening.
 Market players have tended to see Clinton as the candidate of the status quo, while there is greater uncertainty
over what a Trump victory might mean for U.S. foreign policy, international trade deals and the domestic
economy.
 Data released earlier showed China's exports and imports fell more than expected in October, adding to doubts
about how long that country's recent pick-up in economic activity can be sustained.
 Oil prices eased on Tuesday, paring earlier gains as voting in the U.S. presidential election got under way, in line
with a retreat in U.S. stock index futures and a pickup in the dollar
 But a series of member states asking to be exempt from any deal, along with questions over the likelihood of
non-OPEC rival Russia joining in, have created doubt over OPEC's ability to deliver a meaningful cut.
 In physical oil markets, U.S. pipeline companies with operations at the heart of the country's commercial oil
industry at Cushing, Oklahoma, restarted on Monday after an earthquake triggered safety shutdowns.
Aaj Ka Trend
09th Nov’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 1321.40
Silver 18.82
Crude Oil 43.52
Brent Crude Oil 44.79
Natural Gas 2.595
COMEX/NYMEX/ICE ( Precious Metals & Energy) Currency & Commodity Index
Currency (Spot) Current Price
USD / INR 66.62
Dollar Index 96.38
EUR / USD 1.1204
CRB Index* 183.55
Closing as on 08.11.16 *Closing as on 08.11.16
LME (Base Metals) ( $ per tones)
Commodity Closing Price
Copper 5235
Aluminum 1731
Zinc 2478
Lead 2125
Nickel 11260
SHFE (Base Metals) (Yuan per tones)
Commodity Closing Price
Copper 41310
Aluminum 13480
Zinc 19815
Lead 16730
Closing as on 08.11.16 Closing as on 08.11.16
LME INVENTORY DATA
Aaj Ka Trend
02-Nov-16 03-Nov-16 04-Nov-16 07-Nov-16 08-Nov-16
Aluminium -3200 -4400 -1876 -5276 -5076
Copper -475 -8400 -5602 -6602 -6774
Lead 0 -125 -224 -226 -74
Nickel -102 174 611 -545 -194
Zinc -150 -200 -1026 -299 -476
09th Nov’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,
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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
09th Nov’16
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: 2016.11.09 09:19:34 +05'30'