Aaj ka trend 14.02.17

Equities I Commodities I Currencies I Mutual Funds
Aaj Ka Trend
Technical View:
MCX Gold price has given a breakout of its Cup & Handle
pattern at 28870 levels on the 4 hourly chart. Moreover, MCX
Gold prices have been trading above 50 HEMA on the hourly
chart. In addition, COMEX Gold price has shown a breakout of
its horizontal trend line at $1227 levels. Moreover,
Momentum Indicator RSI has shown bullish range shift on the
hourly chart. For now, we expect prices should move higher
towards 29400 levels in the coming trading sessions.
SEBI Registered - Research Analyst Equities I Commodities I Currencies I Mutual Funds
Bullions
MCX Gold Apr. 4 Hourly Chart CMP: 29000
MCX Gold (Apr) Trend: Bullish
Price potential: 29400 Reversal: 28800
MCX Silver Mar. 4 Hourly Chart CMP: 42520
Technical View:
On the 4 hourly chart, MCX Silver price has given a breakout of
its inverted Head & Shoulder neckline at 41980 levels. On the
other hand, COMEX Silver price has given a breakout of its
horizontal trend line at $17.65 levels. Moreover, MCX Silver
prices have been trading above its 21 HEMA. In addition,
momentum indicator MACD has shown positive crossover on
the 4 hourly chart, which indicates possibilities of further
upside in the prices. For now, we expect prices to move
higher towards 43500 levels in few trading sessions.
MCX Silver (Mar) Trend: Bullish
Pivot levels for the Day
S1 S2 S3 Pivot R1 R2 R3
Gold 28912 28814 28687 29039 29137 29264 29616
Silver 42296 42138 41920 42514 42672 42890 43483
14th Feb’17

Technical View:
MCX Copper price has given the breakout of its horizontal
channel pattern at 411.50 levels on the hourly chart. On the
hourly chart, COMEX Copper price has shown a breakout of
its horizontal trend line at 2.75 levels. Furthermore,
momentum indicator MACD has shown positive crossover
and moved above its signal line levels on the hourly time
frame, which suggests some huge upside momentum in the
prices. For now, we expect prices to move higher
towards 420 levels in coming trading sessions.
MCX Copper Feb. Hourly Chart CMP: 412
MCX Copper (Feb) Trend: Bullish
MCX Crude Oil Feb. Hourly Chart CMP: 3550
Technical View:
MCX Crude Oil price has given a breakdown of its rising trend
line at 3590 levels and price has retested its breakdown
trend line at 3620 levels. channel pattern at 3531 levels on
the hourly chart. NYMEX Crude Oil prices have given a
breakdown of its rising trend line at $53.90 levels on the
hourly chart. Moreover, Momentum indicator RSI has
remained below 60 levels on the hourly chart which suggests
negative movement in the prices. For now, we expect
prices to move lower towards 3450 levels in coming trading
sessions.
MCX Crude Oil (Feb) Trend: Bearish
Pivot levels for the Day
S1 S2 S3 Pivot R1 R2 R3
Copper 409.3 406.8 404.1 412 415 417 425
Crude 3520 3492 3447 3565 3593 3638 3756
Base Metal
Energy
Aaj Ka Trend
14th Feb’17

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 409.3 406.8 404.1 412 415 417 425
Aluminum 125.1 124.5 124.1 125.6 126.2 126.6 128.1
Lead 163.0 161.5 160.4 164.1 165.6 166.7 170.4
Nickel 713.7 708.6 704.7 717.6 722.7 726.6 739.6
Zinc 196.1 195.0 193.8 197.3 198.4 199.6 203.2
Natural Gas 197.8 195.8 193.5 200.1 202.1 204.4 211.1
Fundamental News:
 Gold prices were slightly lower in European morning trade on Monday, as recent actions by U.S. President
Donald Trump helped soothe investor worries about uncertainty surrounding the new administration’s
controversial policies.
 Prices of the yellow metal rallied to a three-month high of $1,246.60 last week amid growing concerns over
political risks in Europe and economic uncertainty in the U.S.
 But futures pulled back as markets shifted focus back on Trump's efforts to boost economic growth after the
president said his administration would be announcing "something phenomenal in terms of tax“ over "the next
two or three weeks" during a meeting with airline executives last Thursday.
 Trump and Japanese Prime Minister Shinzo Abe appeared to have established a quick friendship, allaying
investor fears of the meeting ending acrimoniously with Trump talking tough on trade, currency and security
issues.
 Investors will also keep an eye out on a number of U.S. economic reports in the week ahead, including
the January producer price index on Tuesday, the January consumer price index and retail sales on Wednesday
and housing-related data on Thursday.
 Oil prices held on to overnight losses during North American morning hours on Monday, despite signs that
major crude producers are adhering to planned output cuts.
 In its monthly oil market report released earlier, OPEC said its members pumped 32.14 million barrels per day in
January, down 890,200 barrels per day from December, making a strong start to implementation of its first
production cut in eight years.
Aaj Ka Trend
14th Feb’17

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 1235
Silver 17.95
Crude Oil 53.87
Brent Crude Oil 56.79
Natural Gas 3.04
COMEX/NYMEX/ICE ( Precious Metals & Energy) Currency & Commodity Index
Currency (Spot) Current Price
USD / INR 66.84
Dollar Index 100.71
EUR / USD 1.06
CRB Index* 194.03
Closing as on 13.02.17 *Closing as on 13.02.17
LME (Base Metals) ( $ per tones)
Copper 6090
Aluminum 1875
Zinc 2924
Lead 2400
Nickel 10660
SHFE (Base Metals) (Yuan per tones)
Copper 49500
Aluminum 13940
Zinc 23780
Lead 19600
Closing as on 13.02.17 Closing as on 13.02.17
LME INVENTORY DATA
Aaj Ka Trend
07-Feb-17 08-Feb-17 09-Feb-17 10-Feb-17 13-Feb-17
Aluminium 5524 -9251 -7902 -6201 -5450
Copper -247 1274 -3202 -3324 -375
Lead 100 -424 -74 -202 -50
Nickel 1115 -50 -661 -719 1176
Zinc -2802 -1452 -1049 -752 225
14th Feb’17

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
www.choicebroking.incustomercare@choiceindia.com
Aaj Ka Trend
14th Feb’17
Neeraj Yadav
Research Advisor
neeraj.yadav@choiceindia.com
Anish Vyas
Senior Research Associate
anish.vyas@choiceindia.com
Kkunal Parar
Digitally signed by Kkunal Parar
DN: cn=Kkunal Parar, o=Choice Equity Broking
Pvt Ltd., ou=Research Dept.,
email=kkunal.parar@choiceindia.com, c=IN
Date: 2017.02.14 09:35:50 +05'30'

Aaj ka trend 14.02.17

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