Aaj ka trend 10.11.16

Equities I Commodities I Currencies I Mutual Funds
Aaj Ka Trend
Technical View:
On daily chart, MCX Gold prices have been taking support of
its rising trend line at 29750 levels on daily chart. Moreover,
MCX Gold prices are trading above its 21 DEMA which suggest
short term trend remains up. Moreover, Momentum Indicator
RSI is trading above 45 levels on daily time frame which
indicates positive momentum to the prices. For now we
expect prices should move higher towards 30700 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: 29877
MCX Gold (Dec) Trend: Bullish
Price potential: 30700 Reversal: 30000
MCX Silver Dec Hourly Chart CMP: 43379
Technical View:
As expected MCX Silver price has achieved our short term
target of 44200 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 44600 levels in few trading sessions.
MCX Silver (Dec) Trend: Bullish
Pivot levels for the Day
S1 S2 S3 Pivot R1 R2 R3
Gold 29905 29229 27920 30538 31008 31847 33156
Silver 43355 42772 41472 44072 44655 45372 46672
10th Nov’16

Technical View:
As expected MCX Copper price has achieved our short
term target of 354 levels. On daily chart, MCX Copper
price has given breakout of its ascending 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 200 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
366.70 levels in coming trading sessions.
MCX Copper Nov hourly Chart CMP: 360.75
MCX Copper (Nov) Trend: Bullish
Price potential: 366.70 Reversal: 354
MCX Crude Oil Nov. Hourly Chart CMP: 3043
Technical View:
As expected MCX Crude Oil price has achieved our short
term target of 2900 levels. 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 2940 towards levels in coming trading sessions.
MCX Crude Oil (Nov) Trend: Bearish
Pivot levels for the Day
S1 S2 S3 Pivot R1 R2 R3
Copper 348.0 336.8 319.1 354.5 365.7 372.2 389.9
Crude 2937 2851 2721 2981 3067 3111 3241
Base Metal
Energy
Aaj Ka Trend
10th Nov’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 348.0 336.8 319.1 354.5 365.7 372.2 389.9
Aluminum 113.9 112.0 108.5 115.4 117.4 118.9 122.3
Lead 139.6 136.7 132.1 141.3 144.2 145.9 150.5
Nickel 741.7 719.0 680.3 757.7 780.4 796.4 835.1
Zinc 162.3 160.0 155.7 164.4 166.7 168.7 173.1
Natural Gas 171.9 167.5 159.8 175.2 179.6 182.9 190.6
Fundamental News:
 Gold prices soared nearly 5% during European hours on Tuesday, as Donald Trump shocked financial markets by
winning the U.S. presidential election.
 Republicans were expected to remain in control of the U.S. House of Representatives, and were also on track to
defend their Senate majority, although the Senate majority narrowed.
 Global stock markets crashed on the news, the U.S. dollar tumbled over 1% to a one-month low against the
other major currencies, while the Mexican peso plummeted to record lows, with MXN/USD down more than
8%.
 Oil prices edged lower during North American hours on Wednesday, after data showed that crude supplies rose
the second straight week.
 The U.S. Energy Information Administration said in its weekly report that crude oil inventories rose by 2.4
million barrels in the week ended November 4. Market analysts' expected a crude-stock gain of 1.3 million
barrels, while the American Petroleum Institute late Tuesday reported a supply increase of 4.4 million barrels.
 Oil plunged along with other risk-sensitive assets overnight as Donald Trump shocked financial markets by
winning the U.S. presidential election.
 OPEC reached an agreement to cap output to a range of 32.5 million to 33.0 million barrels per day in talks held
in Algeria in late September. However, the 14-member oil group said it won’t finalize details on individual
output quotas until its next official meeting in Vienna on November 30.
 The possibility that producers could walk away empty-handed from the November meeting looms large after
Iraq, Iran, Nigeria and Libya all signaled they might not take part in the proposed production cut deal. Russia’s
unclear stance is also fueling uncertainty.
Aaj Ka Trend
10th Nov’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 1286.54
Silver 18.62
Crude Oil 45.13
Brent Crude Oil 46.36
Natural Gas 2.695
COMEX/NYMEX/ICE ( Precious Metals & Energy) Currency & Commodity Index
Currency (Spot) Current Price
USD / INR 66.44
Dollar Index 98.42
EUR / USD 1.0939
CRB Index* 183.98
Closing as on 09.11.16 *Closing as on 09.11.16
LME (Base Metals) ( $ per tones)
Copper 5413
Aluminum 1753
Zinc 2490
Lead 2141
Nickel 11575
SHFE (Base Metals) (Yuan per tones)
Copper 43910
Aluminum 14060
Zinc 20620
Lead 17180
Closing as on 09.11.16 Closing as on 09.11.16
LME INVENTORY DATA
Aaj Ka Trend
03-Nov-16 04-Nov-16 07-Nov-16 08-Nov-16 09-Nov-16
Aluminium -4400 -1876 -5276 -5076 -
Copper -8400 -5602 -6602 -6774 -
Lead -125 -224 -226 -74 -
Nickel 174 611 -545 -194 -
Zinc -200 -1026 -299 -476 -
10th Nov’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
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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
Rohan Patil
Research Associate
rohan.patil@choiceindia.com
www.choicebroking.incustomercare@choiceindia.com
Aaj Ka Trend
10th 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: 2016.11.10 09:30:15 +05'30'

Aaj ka trend 10.11.16

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