#ChoiceBroking #Aajkatrend

1. Equities I Commodities I Currencies I Mutual Funds
Aaj Ka Trend
Technical View:
On hourly chart, MCX Gold price has given breakout of its
rising channel pattern tat 27370 levels. COMEX Gold prices
have been taking support of its rising trend line at $1172 levels
on hourly chart. In addition, MCX Gold prices have been
trading above its 50 HEMA on hourly chart. Moreover,
Momentum Indicator RSI have shown bullish range shift on
hourly chart, which gives the sign of bullishness in the prices.
For now we expect prices should move higher towards 28800
levels in the coming trading sessions.
SEBI Registered - Research Analyst Equities I Commodities I Currencies I Mutual Funds
Bullions
MCX Gold Feb. Hourly Chart CMP: 28393
MCX Gold (Feb) Trend: Bullish
Price potential: 28800 Reversal: 26220
MCX Silver Mar. Hourly Chart CMP: 40859
Technical View:
On hourly chart, MCX Silver prices has been trading in rising
wedge pattern and prices have been taking support of lower
band of pattern at 40750 levels. given breakout of its falling
channel pattern at 40180 levels. On the other hand, MCX
Silver price has been trading above its 100 HEMA, which
indicates short term trend remains up. In addition, momentum
indicator RSI has taken support of its rising trend line at 53
levels on 4 hourly chart, which indicates strength in the prices.
For now we expect prices to move higher towards 42700
levels in few trading sessions.
MCX Silver (Mar) Trend: Bullish
Price potential: 42700 Reversal: 39700
Pivot levels for the Day
S1 S2 S3 Pivot R1 R2 R3
Gold 28321 28237 28138 28420 28150 28350 28450
Silver 40820 40680 40434 41066 41206 41452 42085
13th Jan’17

2. Equities I Commodities I Currencies I Mutual Funds
Technical View:
MCX Copper prices have been trading in rising channel
pattern and price have been facing resistance of its upper
band of channel pattern 401 levels on hourly chart. On
hourly chart MCX Copper price has faced resistance of its
horizontal trend line at 398 levels. Furthermore,
momentum indicator RSI in oversold zone levels on hourly
time frame, which suggest further downside momentum
can be seen. For now we expect prices to move lower
towards 387 levels in coming trading sessions.
SEBI Registered - Research Analyst Equities I Commodities I Currencies I Mutual Funds
MCX Copper Feb. Hourly Chart CMP: 401.90
MCX Copper (Feb) Trend: Bearish
Price potential: 387 Reversal: 405
MCX Crude Oil Jan. Hourly Chart CMP: 3613
Technical View:
MCX Crude Oil price has shown breakdown of its rising
channel pattern and prices have been retested its breakdown
trend line at 3644 levels on hurly chart. MCX Crude Oil prices
has given breakdown of its rising trend line at 3610 levels on
hourly chart. MCX Crude Oil is trading below its 100 HEMA
on hourly chart. Moreover, Momentum indicator MACD has
shown negative crossover and moving below its signal line on
hourly chart which suggest negative movement in the prices.
For now we expect prices to move lower towards 3520
levels in coming trading sessions.
MCX Crude Oil (Jan) Trend: Bearish
Price potential: 3520 Reversal: 3680
Pivot levels for the Day
S1 S2 S3 Pivot R1 R2 R3
Copper 393.8 388.1 384.4 397.6 403.3 407.0 420.2
Crude 3556 3506 3462 3600 3650 3694 3832
Base Metal
Energy
Aaj Ka Trend
13th Jan’17

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 393.8 388.1 384.4 397.6 403.3 407.0 420.2
Aluminum 119.7 118.0 116.9 120.8 122.6 123.7 127.6
Lead 146.0 142.9 141.3 147.6 150.7 152.3 158.7
Nickel 671.4 644.7 628.4 687.7 714.4 730.7 790.1
Zinc 182.9 180.7 178.6 185.0 187.2 189.3 195.6
Natural Gas 225.6 219.1 214.6 230.1 236.6 241.1 256.7
Fundamental News:
 The number of people who filed for unemployment assistance in the U.S. last week rose less than expected and
remained in territory associated with a firming labor market, official data showed on Thursday.
 In a report, the U.S. Department of Labor said the number of individuals filing for initial jobless benefits in the
week ending January 7 increased by 10,000 to a seasonally adjusted 247,000 from the previous week’s total of
237,000 which was revised from an initial reading of 235,000.
 The US dollar index, which tracks the greenback against a basket of six major rivals, was at 100.99, compared to
100.88 ahead of the report.
 Oil prices rose sharply on Thursday, with traders encouraged by signs that major crude producers will adhere to
their pledge to curb output.
 Speaking at a conference in Abu Dhabi on Thursday, Saudi Arabian Energy Minister Khalid al-Falih said the
kingdom has reduced output to less than 10 million barrels a day, going beyond its obligations under a deal
between OPEC and other producers.
 Oil received an additional boost from a broadly weaker U.S. dollar. The greenback sank after U.S. President-elect
Donald Trump failed to offer details on his promises to boost fiscal spending and cut taxes at his first post-
election press conference on Wednesday.
 That compares with a withdrawal of 49 billion cubic feet in the preceding week, 168 billion a year earlier and a
five-year average drop of 167 billion cubic feet.
 Natural gas futures for February delivery jumped 10.5 cents, or 3.3%, to $3.328 per million British thermal units.
Aaj Ka Trend
13th Jan’17

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 1192
Silver 16.69
Crude Oil 53.11
Brent Crude Oil 56.11
Natural Gas 3.417
COMEX/NYMEX/ICE ( Precious Metals & Energy) Currency & Commodity Index
Currency (Spot) Current Price
USD / INR 68.08
Dollar Index 101.53
EUR / USD 1.0608
CRB Index* 194.97
Closing as on 12.01.17 *Closing as on 12.01.17
LME (Base Metals) ( $ per tones)
Commodity Closing Price
Copper 5842
Aluminum 1790
Zinc 2727
Lead 2200
Nickel 10275
SHFE (Base Metals) (Yuan per tones)
Commodity Closing Price
Copper 47630
Aluminum 13375
Zinc 22555
Lead 18700
Closing as on 12.01.17 Closing as on 12.01.17
LME INVENTORY DATA
Aaj Ka Trend
05-Jan-17 06-Jan-17 09-Jan-17 10-Jan-17 11-Jan-17
Aluminium 25975 5425 -1101 16801 11050
Copper -4100 -6650 -224 -1498 -5174
Lead -25 -175 -402 -402 -76
Nickel -804 -805 1094 -49 -35
Zinc -175 -75 -375 -801 -1274
13th Jan’17

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
www.choicebroking.incustomercare@choiceindia.com
SEBI Registered - Research Analyst Equities I Commodities I Currencies I Mutual Funds
Aaj Ka Trend
13th Jan’17
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: 2017.01.13 09:15:17 +05'30'