On the hourly chart for gold and silver, technical indicators show short-term trends remain down. For gold, prices are expected to move lower towards 28900 levels. For silver, prices are expected to move lower towards 40600 levels in the next few trading sessions. On the daily chart for copper, technical analysis signals a bullish trend with prices expected to move higher towards 386 levels. For crude oil, technical indicators show a bearish trend with prices expected to move lower towards 2970 levels.

1. Equities I Commodities I Currencies I Mutual Funds
Aaj Ka Trend
Technical View:
On hourly chart, MCX Gold prices have witnessed breakdown
of its Rising Wedge pattern at 29370 levels. Moreover, MCX
Gold prices are trading below its 21 DEMA which suggest short
term trend remains down. Moreover, Momentum Indicator
RSI is trading below 40 levels on hourly time frame which
indicates negative momentum to the prices. For now we
expect prices should move lower towards 28900 levels in the
coming trading sessions.
SEBI Registered - Research Analyst Equities I Commodities I Currencies I Mutual Funds
Bullions
MCX Gold Dec Daily Chart CMP: 29329
MCX Gold (Dec) Trend: Bearish
Price potential: 28900 Reversal: 29500
MCX Silver Dec Daily Chart CMP: 41425
Technical View:
On hourly chart, MCX Silver prices have witnessed breakdown
of its Rising Wedge pattern at 41653 levels. Moreover, MCX
Silver prices are trading below its 21 DEMA which suggest
short term trend remains down. Moreover, Momentum
Indicator RSI is trading below 40 levels on hourly time frame
which indicates negative momentum to the prices. For now
we expect prices to move lower towards 40600 levels in few
trading sessions.
MCX Silver (Dec) Trend: Bearish
Price potential: 40600 Reversal: 41700
Pivot levels for the Day
S1 S2 S3 Pivot R1 R2 R3
Gold 29905 29128 28793 29463 29702 29798 30133
Silver 40659 40302 39479 41125 41482 41948 42771
16th Nov’16

2. Equities I Commodities I Currencies I Mutual Funds
Technical View:
On daily chart, MCX Copper price has given breakout of its
ascending triangle pattern at 337.10 levels on daily chart.
Moreover, prices have retraced till 61.80% Fibonacci levels
on hourly 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 386 levels in coming trading sessions.
SEBI Registered - Research Analyst Equities I Commodities I Currencies I Mutual Funds
MCX Copper Nov Daily Chart CMP: 375
MCX Copper (Nov) Trend: Bullish
Price potential: 386 Reversal: 367
MCX Crude Oil Nov. Daily Chart CMP: 3082
Technical View:
MCX Crude oil price has reversed after forming Double Top
pattern on hourly chart. MCX Crude Oil is trading in a Lower
Low pattern on hourly chart. In addition, Counter is facing
resistance of its horizontal trend line in NYMEX at $45.35
levels on hourly 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 2970 towards levels in coming
trading sessions.
MCX Crude Oil (Nov) Trend: Bearish
Price potential: 2970 Reversal: 3130
Pivot levels for the Day
S1 S2 S3 Pivot R1 R2 R3
Copper 368.0 357.7 341.8 373.5 383.8 389.4 405.2
Crude 2880 2849 2722 2976 3007 3103 3230
Base Metal
Energy
Aaj Ka Trend
16th 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 368.0 357.7 341.8 373.5 383.8 389.4 405.2
Aluminum 116.4 114.7 112.1 117.4 119.0 120.0 122.7
Lead 146.3 143.7 139.3 148.1 150.7 152.5 156.9
Nickel 754.2 739.0 714.4 763.6 778.8 788.2 812.8
Zinc 172.7 168.3 160.7 175.9 180.3 183.5 191.1
Natural Gas 177.2 175.6 169.0 182.2 183.8 188.8 195.4
Fundamental News:
 Gold prices rose mildly in Asia on Tuesday with investors awaiting remarks from Fed Chair Janet Yellen this week
expected to offer a harder view on a widely expected rate hike next month.
 Gold futures rose in early Europe trading on Tuesday, snapping a five-session losing streak which took prices to
the lowest level in more than five-months as the U.S. dollar pulled back from a one-year high.
 Gold futures erased overnight gains in North American trading on Tuesday, falling back towards a six-month low
after data showed that U.S. retail sales rose more than expected in October, boosting optimism over the health
of the economy.
 Oil prices were higher during Europe trading on Tuesday, bouncing back from a three-month low as market
players hoped major global oil producers will reach an agreement to cut output.
 Oil Tuesday surged 3%, recovering from multi-month lows on renewed hopes for an OPEC output cut.
 Oil prices jumped more than 3 percent on Tuesday, bouncing back from multi-month lows on expectations that
OPEC will agree later this month to cut production to reduce a supply glut.
 Oil prices were higher during North America trading on Tuesday, extending overnight gains as market
participants continued to weigh prospects of a coordinated production cut among major global oil producers.
 Copper prices were lower on Tuesday, extending its decline from the highest level since June 2015 amid
speculation prices rallied too hard and too fast.
Aaj Ka Trend
16th 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 1232.20
Silver 17.20
Crude Oil 45.59
Brent Crude Oil 46.70
Natural Gas 2.71
COMEX/NYMEX/ICE ( Precious Metals & Energy) Currency & Commodity Index
Currency (Spot) Current Price
USD / INR 66.70
Dollar Index 99.93
EUR / USD 1.07
CRB Index* 183.05
Closing as on 15.11.16 *Closing as on 15.11.16
LME (Base Metals) ( $ per tones)
Commodity Closing Price
Copper 5521
Aluminum 1730
Zinc 2590
Lead 2180
Nickel 11250
SHFE (Base Metals) (Yuan per tones)
Commodity Closing Price
Copper 39880
Aluminum 13520
Zinc 19850
Lead 16900
Closing as on 15.11.16 Closing as on 15.11.16
LME INVENTORY DATA
Aaj Ka Trend
07-Nov-16 08-Nov-16 10-Nov-16 14-Nov-16 15-Nov-16
Aluminium -5276 -5076 -4125 -6300 -6400
Copper -6602 -6774 -9025 -4100 -4700
Lead -226 -74 -325 -150 -150
Nickel -545 -194 192 0 1092
Zinc -299 -476 -775 -800 -301
16th 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
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and accepts no responsibility or liability as to its accuracy or completeness. The opinions contained within the report are based upon publicly available
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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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the loss of your entire investment.
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/Instrument(s): - No. • Firm interest of the stock / Instrument (s): - No.
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Amit Pathania
Research Associate
amit.pathania@choiceindia.com
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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
16th Nov’16
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Research Advisor
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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: 2016.11.16 08:28:19 +05'30'