#ChoiceBroking #Aajkatrend

1. Equities I Commodities I Currencies I Mutual Funds
Aaj Ka Trend
Technical View:
MCX Gold price has given a breakout above the falling trend
line on the hourly chart. Moreover, on the hourly chart, 13
EMA and 34 EMA have entered into the bullish crossover. In
addition COMEX Gold has moved above its 20 EMA after
several days. Hourly RSI (14) has moved above 60 levels after a
long time. For now, we expect price to move higher towards
29100 levels in the coming trading sessions.
SEBI Registered - Research Analyst Equities I Commodities I Currencies I Mutual Funds
Bullions
MCX Gold Apr. Hourly Chart CMP: 28411
MCX Gold (Apr) Trend: Bullish
Price potential: 29100 Reversal: 28050
MCX Silver May Hourly Chart CMP: 40598
Technical View:
MCX Silver price has given a breakout above the falling trend
line on the hourly chart. Moreover, on the hourly chart, 13
EMA and 34 EMA have entered into the bullish crossover.
Hourly RSI (14) has moved above 60 levels after a long time.
For now, we expect price to move higher towards
42400 levels in the coming trading sessions.
MCX Silver (May) Trend: Bullish
Price potential: 42400 Reversal: 39700
Pivot levels for the Day
S3 S2 S1 Pivot R1 R2 R3
Gold 28128 28227 28343 28442 28558 28657 28970
Silver 39637 40043 40422 40828 41207 41613 42805
17th March’17

2. Equities I Commodities I Currencies I Mutual Funds
Technical View:
MCX Copper price has found support at the falling trend
line and moved up higher. Moreover, on the hourly chart,
price has taken support above 200 DEMA. In addition, on
the hourly chart, 13 EMA and 34 EMA have entered into the
bullish crossover. Moreover, momentum indicator RSI on
the daily time frame has entered into bullish crossover,
which suggests further upside momentum in the price. For
now, we expect prices to move higher towards 403 levels
in coming trading sessions.
SEBI Registered - Research Analyst Equities I Commodities I Currencies I Mutual Funds
MCX Copper Apr. Hourly Chart CMP: 387.75
MCX Copper (Apr) Trend: Bullish
Price potential: 403 Reversal: 379
MCX Crude Oil March. Daily Chart CMP: 3192
Technical View:
MCX Crude Oil price has found support at the lower band of
the rising channel on the daily chart. In addition, proximity to
the lower Bollinger band has induced a small pullback
towards higher levels. Moreover, daily RSI has reversed from
22 levels and moving out of the oversold zone. For now, we
expect prices to move higher towards 3350 levels in the few
trading session.
MCX Crude Oil (March) Trend: Bullish
Price potential: 3350 Reversal: 3090
Pivot levels for the Day
S3 S2 S1 Pivot R1 R2 R3
Copper 382.3 384.7 386.3 389 390 393 399
Crude 3087 3118 3148 3199 3225 3272 3391
Base Metal
Energy
Aaj Ka Trend
17th March’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
S3 S2 S1 Pivot R1 R2 R3 Trend
Copper 382.3 384.7 386.3 389 390 393 399
Aluminum 121.6 122.4 123.2 124.0 124.8 125.6 128.0
Lead 143.9 145.4 146.3 147.8 148.7 150.2 154.1
Nickel 648.5 656.2 661.6 669.3 674.7 682.4 703.2
Zinc 180.2 181.8 183.2 184.8 186.2 187.8 192.4
Natural Gas 184.5 186.9 190.0 192.4 195.5 197.9 205.8
Fundamental News:
 The dollar was little changed near one-month lows against other major currencies on Thursday, after the
release of mostly positive U.S. data as the more dovish tone of the Federal Reserve’s latest policy statement
continued to weigh.
 U.S. natural gas storage fell less-than-expected last month, official data showed on Thursday. In a report, Energy
Information Administration said that U.S. Natural Gas Storage fell to a seasonally adjusted annual rate of -53B,
from -68B in the preceding month.
 U.S. 30-year mortgage rates rose for a second straight week to their highest levels since late December in step
with a jump in Treasury yields, according to mortgage finance agency Freddie Mac (PK:FMCC) on Thursday.
 U.S. natural gas futures were lower on Thursday, adding to losses after data showed that natural gas supplies in
storage in the U.S. fell less than expected last week.
 Manufacturing activity in Philadelphia in February expanded more than expected, official data showed
Thursday.
 Gold prices rallied to a more than one-week high during European morning hours on Thursday, after the Federal
Reserve sounded more dovish than anticipated on future rate hikes.
 Oil extended gains Thursday after official figures showed a draw in U.S. crude stocks. US crude was up 41 cents,
or 0.84%, at $49.27 at 08:15 ET. Brent crude added 49 cents, or 0.95%, to $52.30.
Aaj Ka Trend
17th March’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 1226.70
Silver 17.30
Crude Oil 48.85
Brent Crude Oil 51.79
Natural Gas 2.914
COMEX/NYMEX/ICE ( Precious Metals & Energy) Currency & Commodity Index
Currency (Spot) Current Price
USD / INR 65.41
Dollar Index 100.25
EUR / USD 1.0774
CRB Index* 184.04
Closing as on 16.03.17 *Closing as on 16.03.17
LME (Base Metals) ( $ per tones)
Commodity Closing Price
Copper 5909
Aluminum 1900
Zinc 2829
Lead 2243
Nickel 10220
SHFE (Base Metals) (Yuan per tones)
Commodity Closing Price
Copper 47920
Aluminum 13830
Zinc 23395
Lead 18370
Closing as on 16.03.17 Closing as on 16.03.17
LME INVENTORY DATA
Aaj Ka Trend
09-March-17 13-March-17 14-March-17 15-March-17 16-March-17
Aluminium -16750 -16275 -14100 -21425 -11475
Copper 38775 -1800 5700 850 -1500
Lead 675 675 675 600 -125
Nickel -288 -852 -1068 612 -1476
Zinc -2175 -2475 3200 -1600 -1550
17th March’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
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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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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.
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/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
17th March’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: 2017.03.17 08:46:50 +05'30'