SlideShare a Scribd company logo
Equities I Commodities I Currencies I Mutual Funds
Aaj Ka Trend
Technical View:
MCX Gold prices are facing a resistance of downward falling
trend line on hourly basis. On the other hand, prices have
been trading below 50 HEMA on hourly time frame.
Furthermore, ADX indicator is trading below 25 which
indicates lack of strength ahead on hourly chart. Moreover,
Momentum Indicator RSI is trading below 50 levels on hourly
time frame. For now we expect prices should move lower
towards 31050 levels in the coming trading sessions.
SEBI Registered - Research Analyst Equities I Commodities I Currencies I Mutual Funds
Bullions
MCX Gold Oct Hourly Chart CMP: 31404
MCX Gold (Oct) Trend: Bearish
Price potential: 31050 Reversal:31600
MCX Silver Sept Hourly Chart CMP: 45444
Technical View:
MCX Silver prices has witnessed breakdown of its
consolidation pattern at 45350 on hourly time frame.
Furthermore COMEX Silver prices is trading below its 21 HEMA
on hourly chart. In addition, MCX Silver is trading below its 100
HEMA on hourly time frame. Moreover, Momentum Indicator
RSI has plunge below 40 levels on hourly time frame. For now
we expect prices to move lower towards 44700 levels in few
trading sessions.
MCX Silver (Sept) Trend: Bearish
Price potential: 44700 Reversal: 45890
Pivot levels for the Day
S1 S2 S3 Pivot R1 R2 R3
Gold 31299 31204 31012 31396 31491 31588 31780
Silver 45077 44648 43718 45578 46007 46508 47438
22nd Aug’16
Equities I Commodities I Currencies I Mutual Funds
Technical View:
MCX Copper prices have witnessed breakout of its Falling
Channel formation at 322 levels on hourly chart.
Furthermore, counter is trading above its super trend
indicator on hourly time frame. Moreover, MCX Copper is
trading above its 50 HEMA on hourly chart. On the other
hand, momentum indicator RSI is trading near 60 levels on
hourly chart. For now we expect prices to move higher
towards 330 levels in coming trading sessions.
SEBI Registered - Research Analyst Equities I Commodities I Currencies I Mutual Funds
MCX Copper Aug hourly Chart CMP: 322.15
MCX Copper (Aug) Trend: Bullish
Price potential: 330 Reversal: 317
MCX Crude Oil Sept. Hourly Chart CMP: 3292
Technical View:
MCX Crude Oil prices have completed bearish Anti – Cypher
pattern at 3287 on hourly time frame. On the other hand
prices have been witnessed breakdown of its Rising Wedge
pattern on hourly chart. Furthermore, NYMEX WTI Crude Oil
has observed breakdown of its falling channel pattern on
hourly basis. Moreover, Momentum indicator RSI has faced
resistance at 60 levels on hourly chart. For now we expect
prices to move lower towards 3215 levels in coming trading
sessions.
MCX Crude Oil (Sept) Trend: Bearish
Price potential: 3215 Reversal: 3340
Pivot levels for the Day
S1 S2 S3 Pivot R1 R2 R3
Copper 320.3 318.7 316.1 321.4 323.0 324.0 326.7
Crude 3264 3239 3188 3290 3315 3341 3392
Base Metal
Energy
Aaj Ka Trend
22nd Aug’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 320.3 318.7 316.1 321.4 323.0 324.0 326.7
Aluminum 110.7 109.9 108.3 111.5 112.3 113.1 114.7
Lead 125.3 124.6 123.3 126.0 126.7 127.3 128.7
Nickel 688.5 681.6 670.1 693.1 700.0 704.6 716.1
Zinc 152.6 151.7 150.2 153.2 154.1 154.7 156.2
Natural Gas 171.8 169.6 163.5 175.7 177.9 181.8 187.9
Fundamental News:
 Gold inched up as the dollar fell to a seven-week low against its main rivals, while investors digested minutes
from the Federal Reserve and the European Central Bank for further indications on the scope and duration of a
host of low interest rate policies from major central banks throughout the world.
 Gold prices dipped in Asia on Friday with a cautious eye on the Federal Reserve as debate grows on the need for
a rate hike by the end of the year.
 Gold prices slipped lower on Friday, but still remained close to a two-week high as the minutes of the Federal
Reserve’s latest policy meeting continued to weigh on the greenback.
 Crude oil gained in early Asia on Friday as an output freeze by key producers was said to be gaining traction,
though vast global oversupply continues to hang over the market.
 Crude oil held gains in Asia on Friday with Brent comfortably above $50 a barrel as an output freeze by key
producers was said to be gaining traction, though vast global oversupply continues to hang over the market.
 Oil was lower Friday on profit-taking on the back of a strong rally on output freeze hopes.
 U.S. oil futures slipped lower but remained close to seven-week highs on Friday, as a decline U.S. stockpiles and
hopes for an agreement between exporting countries on a potential production freeze continued to support.
 Oil prices fell as much as 1 percent on Friday, retreating from eight-week highs, as market participants took
profits from one of this year's strongest rallies in crude, which analysts called fundamentally unjustified.
Aaj Ka Trend
22nd Aug’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 1345.30
Silver 19.28
Crude Oil 48.50
Brent Crude Oil 50.80
Natural Gas 2.575
COMEX/NYMEX/ICE ( Precious Metals & Energy) Currency & Commodity Index
Currency (Spot) Current Price
USD / INR 67.13
Dollar Index 94.48
EUR / USD 1.13
CRB Index* 188.77
Closing as on 19.08.16 *Closing as on 19.08.16
LME (Base Metals) ( $ per tones)
Commodity Closing Price
Copper 4798
Aluminum 1667
Zinc 2286
Lead 1883
Nickel 10355
SHFE (Base Metals) (Yuan per tones)
Commodity Closing Price
Copper 37290
Aluminum 12585
Zinc 17480
Lead 13800
Closing as on 19.08.16 Closing as on 19.08.16
LME INVENTORY DATA
Aaj Ka Trend
12-Aug-16 16-Aug-16 17-Aug-16 18-Aug-16 19-Aug-16
Aluminium -8000 -2250 18300 18300 -7100
Copper -1550 -1175 7925 7925 -2800
Lead -150 -50 -175 -125 -100
Nickel -270 4944 -414 -414 -60
Zinc -175 -275 -375 -375 -1175
22nd Aug’16
Equities I Commodities I Currencies I Mutual Funds
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
recommendations may be subject to change. The information and any disclosures provided herein may be considered confidential. Any use, distribution,
modification, copying, forwarding or disclosure by any person is strictly prohibited. The information and any disclosures provided herein do not constitute a
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
Rohan Patil
Research Associate
rohan.patil@choiceindia.com
www.choiceindia.comcustomercare@choiceindia.com
SEBI Registered - Research Analyst Equities I Commodities I Currencies I Mutual Funds
Aaj Ka Trend
22nd Aug’16
Neeraj Yadav
Research Advisor
neeraj.yadav@choiceindia.com
Anish Vyas
Senior Research Associate
anish.vyas@choiceindia.com
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: 2016.08.20 14:16:08 +05'30'

More Related Content

What's hot

Aaj ka trend 19.09.16
Aaj ka trend 19.09.16Aaj ka trend 19.09.16
Aaj ka trend 19.09.16
Choice Equity
 
Aaj ka trend 16.09.16
Aaj ka trend 16.09.16Aaj ka trend 16.09.16
Aaj ka trend 16.09.16
Choice Equity
 
Aaj ka trend 18.07.16
Aaj ka trend 18.07.16Aaj ka trend 18.07.16
Aaj ka trend 18.07.16
Choice Equity
 
Aaj ka trend 27.09.16
Aaj ka trend 27.09.16Aaj ka trend 27.09.16
Aaj ka trend 27.09.16
Choice Equity
 
Aaj ka trend 21.11.16
Aaj ka trend 21.11.16Aaj ka trend 21.11.16
Aaj ka trend 21.11.16
Choice Equity
 
Aaj ka trend 02.08.16
Aaj ka trend 02.08.16Aaj ka trend 02.08.16
Aaj ka trend 02.08.16
Choice Equity
 
Aaj ka trend 30.08.16
Aaj ka trend 30.08.16Aaj ka trend 30.08.16
Aaj ka trend 30.08.16
Choice Equity
 
Aaj ka trend 03.08.16
Aaj ka trend 03.08.16Aaj ka trend 03.08.16
Aaj ka trend 03.08.16
Choice Equity
 
Aaj ka trend 29.09.16
Aaj ka trend 29.09.16Aaj ka trend 29.09.16
Aaj ka trend 29.09.16
Choice Equity
 
Aaj ka trend 05.10.16
Aaj ka trend 05.10.16Aaj ka trend 05.10.16
Aaj ka trend 05.10.16
Choice Equity
 
Aaj ka trend 19.07.16
Aaj ka trend 19.07.16Aaj ka trend 19.07.16
Aaj ka trend 19.07.16
Choice Equity
 
Aaj ka trend 02.09.16
Aaj ka trend 02.09.16Aaj ka trend 02.09.16
Aaj ka trend 02.09.16
Choice Equity
 
Aaj ka trend 01.07.16
Aaj ka trend 01.07.16Aaj ka trend 01.07.16
Aaj ka trend 01.07.16
Choice Equity
 
Aaj ka trend 15.07.16
Aaj ka trend 15.07.16Aaj ka trend 15.07.16
Aaj ka trend 15.07.16
Choice Equity
 
Aaj ka trend 08.09.16
Aaj ka trend 08.09.16Aaj ka trend 08.09.16
Aaj ka trend 08.09.16
Choice Equity
 
Aaj ka trend 12.08.16
Aaj ka trend 12.08.16Aaj ka trend 12.08.16
Aaj ka trend 12.08.16
Choice Equity
 
Aaj ka trend 06.09.16
Aaj ka trend 06.09.16Aaj ka trend 06.09.16
Aaj ka trend 06.09.16
Choice Equity
 
Aaj ka trend 31.05.16
Aaj ka trend 31.05.16Aaj ka trend 31.05.16
Aaj ka trend 31.05.16
Choice Equity
 
Aaj ka trend 05.08.16
Aaj ka trend 05.08.16Aaj ka trend 05.08.16
Aaj ka trend 05.08.16
Choice Equity
 
Aaj ka trend 23.09.16
Aaj ka trend 23.09.16Aaj ka trend 23.09.16
Aaj ka trend 23.09.16
Choice Equity
 

What's hot (20)

Aaj ka trend 19.09.16
Aaj ka trend 19.09.16Aaj ka trend 19.09.16
Aaj ka trend 19.09.16
 
Aaj ka trend 16.09.16
Aaj ka trend 16.09.16Aaj ka trend 16.09.16
Aaj ka trend 16.09.16
 
Aaj ka trend 18.07.16
Aaj ka trend 18.07.16Aaj ka trend 18.07.16
Aaj ka trend 18.07.16
 
Aaj ka trend 27.09.16
Aaj ka trend 27.09.16Aaj ka trend 27.09.16
Aaj ka trend 27.09.16
 
Aaj ka trend 21.11.16
Aaj ka trend 21.11.16Aaj ka trend 21.11.16
Aaj ka trend 21.11.16
 
Aaj ka trend 02.08.16
Aaj ka trend 02.08.16Aaj ka trend 02.08.16
Aaj ka trend 02.08.16
 
Aaj ka trend 30.08.16
Aaj ka trend 30.08.16Aaj ka trend 30.08.16
Aaj ka trend 30.08.16
 
Aaj ka trend 03.08.16
Aaj ka trend 03.08.16Aaj ka trend 03.08.16
Aaj ka trend 03.08.16
 
Aaj ka trend 29.09.16
Aaj ka trend 29.09.16Aaj ka trend 29.09.16
Aaj ka trend 29.09.16
 
Aaj ka trend 05.10.16
Aaj ka trend 05.10.16Aaj ka trend 05.10.16
Aaj ka trend 05.10.16
 
Aaj ka trend 19.07.16
Aaj ka trend 19.07.16Aaj ka trend 19.07.16
Aaj ka trend 19.07.16
 
Aaj ka trend 02.09.16
Aaj ka trend 02.09.16Aaj ka trend 02.09.16
Aaj ka trend 02.09.16
 
Aaj ka trend 01.07.16
Aaj ka trend 01.07.16Aaj ka trend 01.07.16
Aaj ka trend 01.07.16
 
Aaj ka trend 15.07.16
Aaj ka trend 15.07.16Aaj ka trend 15.07.16
Aaj ka trend 15.07.16
 
Aaj ka trend 08.09.16
Aaj ka trend 08.09.16Aaj ka trend 08.09.16
Aaj ka trend 08.09.16
 
Aaj ka trend 12.08.16
Aaj ka trend 12.08.16Aaj ka trend 12.08.16
Aaj ka trend 12.08.16
 
Aaj ka trend 06.09.16
Aaj ka trend 06.09.16Aaj ka trend 06.09.16
Aaj ka trend 06.09.16
 
Aaj ka trend 31.05.16
Aaj ka trend 31.05.16Aaj ka trend 31.05.16
Aaj ka trend 31.05.16
 
Aaj ka trend 05.08.16
Aaj ka trend 05.08.16Aaj ka trend 05.08.16
Aaj ka trend 05.08.16
 
Aaj ka trend 23.09.16
Aaj ka trend 23.09.16Aaj ka trend 23.09.16
Aaj ka trend 23.09.16
 

Similar to Aaj ka trend 22.08.16

Aaj ka trend 10.08.16
Aaj ka trend 10.08.16Aaj ka trend 10.08.16
Aaj ka trend 10.08.16
Choice Equity
 
Aaj ka trend 05.07.16
Aaj ka trend 05.07.16Aaj ka trend 05.07.16
Aaj ka trend 05.07.16
Choice Equity
 
Aaj ka trend 03.10.16
Aaj ka trend 03.10.16Aaj ka trend 03.10.16
Aaj ka trend 03.10.16
Choice Equity
 
Aaj ka trend 30.09.16
Aaj ka trend 30.09.16Aaj ka trend 30.09.16
Aaj ka trend 30.09.16
Choice Equity
 
Aaj ka trend 29.08.16
Aaj ka trend 29.08.16Aaj ka trend 29.08.16
Aaj ka trend 29.08.16
Choice Equity
 
Aaj ka trend 20.09.16
Aaj ka trend 20.09.16Aaj ka trend 20.09.16
Aaj ka trend 20.09.16
Choice Equity
 
Aaj ka trend 11.08.16
Aaj ka trend 11.08.16Aaj ka trend 11.08.16
Aaj ka trend 11.08.16
Choice Equity
 
Aaj ka trend 04.08.16
Aaj ka trend 04.08.16Aaj ka trend 04.08.16
Aaj ka trend 04.08.16
Choice Equity
 
Aaj ka trend 19.10.16
Aaj ka trend 19.10.16Aaj ka trend 19.10.16
Aaj ka trend 19.10.16
Choice Equity
 
Aaj ka trend 12.07.16
Aaj ka trend 12.07.16Aaj ka trend 12.07.16
Aaj ka trend 12.07.16
Choice Equity
 
Aaj ka trend 26.05.16
Aaj ka trend 26.05.16Aaj ka trend 26.05.16
Aaj ka trend 26.05.16
Choice Equity
 
Aaj ka trend 11.07.16
Aaj ka trend 11.07.16Aaj ka trend 11.07.16
Aaj ka trend 11.07.16
Choice Equity
 
Aaj ka trend 15.09.16
Aaj ka trend 15.09.16Aaj ka trend 15.09.16
Aaj ka trend 15.09.16
Choice Equity
 
Aaj ka trend 02.01.17
Aaj ka trend 02.01.17Aaj ka trend 02.01.17
Aaj ka trend 02.01.17
Choice Equity
 
Aaj ka trend 01.08.16
Aaj ka trend 01.08.16Aaj ka trend 01.08.16
Aaj ka trend 01.08.16
Choice Equity
 
Aaj ka trend 13.07.16
Aaj ka trend 13.07.16Aaj ka trend 13.07.16
Aaj ka trend 13.07.16
Choice Equity
 
Aaj ka trend 14.07.16
Aaj ka trend 14.07.16Aaj ka trend 14.07.16
Aaj ka trend 14.07.16
Choice Equity
 

Similar to Aaj ka trend 22.08.16 (17)

Aaj ka trend 10.08.16
Aaj ka trend 10.08.16Aaj ka trend 10.08.16
Aaj ka trend 10.08.16
 
Aaj ka trend 05.07.16
Aaj ka trend 05.07.16Aaj ka trend 05.07.16
Aaj ka trend 05.07.16
 
Aaj ka trend 03.10.16
Aaj ka trend 03.10.16Aaj ka trend 03.10.16
Aaj ka trend 03.10.16
 
Aaj ka trend 30.09.16
Aaj ka trend 30.09.16Aaj ka trend 30.09.16
Aaj ka trend 30.09.16
 
Aaj ka trend 29.08.16
Aaj ka trend 29.08.16Aaj ka trend 29.08.16
Aaj ka trend 29.08.16
 
Aaj ka trend 20.09.16
Aaj ka trend 20.09.16Aaj ka trend 20.09.16
Aaj ka trend 20.09.16
 
Aaj ka trend 11.08.16
Aaj ka trend 11.08.16Aaj ka trend 11.08.16
Aaj ka trend 11.08.16
 
Aaj ka trend 04.08.16
Aaj ka trend 04.08.16Aaj ka trend 04.08.16
Aaj ka trend 04.08.16
 
Aaj ka trend 19.10.16
Aaj ka trend 19.10.16Aaj ka trend 19.10.16
Aaj ka trend 19.10.16
 
Aaj ka trend 12.07.16
Aaj ka trend 12.07.16Aaj ka trend 12.07.16
Aaj ka trend 12.07.16
 
Aaj ka trend 26.05.16
Aaj ka trend 26.05.16Aaj ka trend 26.05.16
Aaj ka trend 26.05.16
 
Aaj ka trend 11.07.16
Aaj ka trend 11.07.16Aaj ka trend 11.07.16
Aaj ka trend 11.07.16
 
Aaj ka trend 15.09.16
Aaj ka trend 15.09.16Aaj ka trend 15.09.16
Aaj ka trend 15.09.16
 
Aaj ka trend 02.01.17
Aaj ka trend 02.01.17Aaj ka trend 02.01.17
Aaj ka trend 02.01.17
 
Aaj ka trend 01.08.16
Aaj ka trend 01.08.16Aaj ka trend 01.08.16
Aaj ka trend 01.08.16
 
Aaj ka trend 13.07.16
Aaj ka trend 13.07.16Aaj ka trend 13.07.16
Aaj ka trend 13.07.16
 
Aaj ka trend 14.07.16
Aaj ka trend 14.07.16Aaj ka trend 14.07.16
Aaj ka trend 14.07.16
 

Recently uploaded

when will pi network coin be available on crypto exchange.
when will pi network coin be available on crypto exchange.when will pi network coin be available on crypto exchange.
when will pi network coin be available on crypto exchange.
DOT TECH
 
Greek trade a pillar of dynamic economic growth - European Business Review
Greek trade a pillar of dynamic economic growth - European Business ReviewGreek trade a pillar of dynamic economic growth - European Business Review
Greek trade a pillar of dynamic economic growth - European Business Review
Antonis Zairis
 
how to swap pi coins to foreign currency withdrawable.
how to swap pi coins to foreign currency withdrawable.how to swap pi coins to foreign currency withdrawable.
how to swap pi coins to foreign currency withdrawable.
DOT TECH
 
Commercial Bank Economic Capsule - May 2024
Commercial Bank Economic Capsule - May 2024Commercial Bank Economic Capsule - May 2024
Commercial Bank Economic Capsule - May 2024
Commercial Bank of Ceylon PLC
 
how to sell pi coins effectively (from 50 - 100k pi)
how to sell pi coins effectively (from 50 - 100k  pi)how to sell pi coins effectively (from 50 - 100k  pi)
how to sell pi coins effectively (from 50 - 100k pi)
DOT TECH
 
how can I sell/buy bulk pi coins securely
how can I sell/buy bulk pi coins securelyhow can I sell/buy bulk pi coins securely
how can I sell/buy bulk pi coins securely
DOT TECH
 
USDA Loans in California: A Comprehensive Overview.pptx
USDA Loans in California: A Comprehensive Overview.pptxUSDA Loans in California: A Comprehensive Overview.pptx
USDA Loans in California: A Comprehensive Overview.pptx
marketing367770
 
how to sell pi coins on Bitmart crypto exchange
how to sell pi coins on Bitmart crypto exchangehow to sell pi coins on Bitmart crypto exchange
how to sell pi coins on Bitmart crypto exchange
DOT TECH
 
The European Unemployment Puzzle: implications from population aging
The European Unemployment Puzzle: implications from population agingThe European Unemployment Puzzle: implications from population aging
The European Unemployment Puzzle: implications from population aging
GRAPE
 
Latino Buying Power - May 2024 Presentation for Latino Caucus
Latino Buying Power - May 2024 Presentation for Latino CaucusLatino Buying Power - May 2024 Presentation for Latino Caucus
Latino Buying Power - May 2024 Presentation for Latino Caucus
Danay Escanaverino
 
what is a pi whale and how to access one.
what is a pi whale and how to access one.what is a pi whale and how to access one.
what is a pi whale and how to access one.
DOT TECH
 
Isios-2024-Professional-Independent-Trustee-Survey.pdf
Isios-2024-Professional-Independent-Trustee-Survey.pdfIsios-2024-Professional-Independent-Trustee-Survey.pdf
Isios-2024-Professional-Independent-Trustee-Survey.pdf
Henry Tapper
 
Poonawalla Fincorp and IndusInd Bank Introduce New Co-Branded Credit Card
Poonawalla Fincorp and IndusInd Bank Introduce New Co-Branded Credit CardPoonawalla Fincorp and IndusInd Bank Introduce New Co-Branded Credit Card
Poonawalla Fincorp and IndusInd Bank Introduce New Co-Branded Credit Card
nickysharmasucks
 
Proposer Builder Separation Problem in Ethereum
Proposer Builder Separation Problem in EthereumProposer Builder Separation Problem in Ethereum
Proposer Builder Separation Problem in Ethereum
RasoulRamezanian1
 
What website can I sell pi coins securely.
What website can I sell pi coins securely.What website can I sell pi coins securely.
What website can I sell pi coins securely.
DOT TECH
 
NO1 Uk Rohani Baba In Karachi Bangali Baba Karachi Online Amil Baba WorldWide...
NO1 Uk Rohani Baba In Karachi Bangali Baba Karachi Online Amil Baba WorldWide...NO1 Uk Rohani Baba In Karachi Bangali Baba Karachi Online Amil Baba WorldWide...
NO1 Uk Rohani Baba In Karachi Bangali Baba Karachi Online Amil Baba WorldWide...
Amil baba
 
The secret way to sell pi coins effortlessly.
The secret way to sell pi coins effortlessly.The secret way to sell pi coins effortlessly.
The secret way to sell pi coins effortlessly.
DOT TECH
 
how can I sell my pi coins for cash in a pi APP
how can I sell my pi coins for cash in a pi APPhow can I sell my pi coins for cash in a pi APP
how can I sell my pi coins for cash in a pi APP
DOT TECH
 
MERCHANTBANKING-PDF complete picture.pdf
MERCHANTBANKING-PDF complete picture.pdfMERCHANTBANKING-PDF complete picture.pdf
MERCHANTBANKING-PDF complete picture.pdf
Sudarshan Dakuru
 
Empowering the Unbanked: The Vital Role of NBFCs in Promoting Financial Inclu...
Empowering the Unbanked: The Vital Role of NBFCs in Promoting Financial Inclu...Empowering the Unbanked: The Vital Role of NBFCs in Promoting Financial Inclu...
Empowering the Unbanked: The Vital Role of NBFCs in Promoting Financial Inclu...
Vighnesh Shashtri
 

Recently uploaded (20)

when will pi network coin be available on crypto exchange.
when will pi network coin be available on crypto exchange.when will pi network coin be available on crypto exchange.
when will pi network coin be available on crypto exchange.
 
Greek trade a pillar of dynamic economic growth - European Business Review
Greek trade a pillar of dynamic economic growth - European Business ReviewGreek trade a pillar of dynamic economic growth - European Business Review
Greek trade a pillar of dynamic economic growth - European Business Review
 
how to swap pi coins to foreign currency withdrawable.
how to swap pi coins to foreign currency withdrawable.how to swap pi coins to foreign currency withdrawable.
how to swap pi coins to foreign currency withdrawable.
 
Commercial Bank Economic Capsule - May 2024
Commercial Bank Economic Capsule - May 2024Commercial Bank Economic Capsule - May 2024
Commercial Bank Economic Capsule - May 2024
 
how to sell pi coins effectively (from 50 - 100k pi)
how to sell pi coins effectively (from 50 - 100k  pi)how to sell pi coins effectively (from 50 - 100k  pi)
how to sell pi coins effectively (from 50 - 100k pi)
 
how can I sell/buy bulk pi coins securely
how can I sell/buy bulk pi coins securelyhow can I sell/buy bulk pi coins securely
how can I sell/buy bulk pi coins securely
 
USDA Loans in California: A Comprehensive Overview.pptx
USDA Loans in California: A Comprehensive Overview.pptxUSDA Loans in California: A Comprehensive Overview.pptx
USDA Loans in California: A Comprehensive Overview.pptx
 
how to sell pi coins on Bitmart crypto exchange
how to sell pi coins on Bitmart crypto exchangehow to sell pi coins on Bitmart crypto exchange
how to sell pi coins on Bitmart crypto exchange
 
The European Unemployment Puzzle: implications from population aging
The European Unemployment Puzzle: implications from population agingThe European Unemployment Puzzle: implications from population aging
The European Unemployment Puzzle: implications from population aging
 
Latino Buying Power - May 2024 Presentation for Latino Caucus
Latino Buying Power - May 2024 Presentation for Latino CaucusLatino Buying Power - May 2024 Presentation for Latino Caucus
Latino Buying Power - May 2024 Presentation for Latino Caucus
 
what is a pi whale and how to access one.
what is a pi whale and how to access one.what is a pi whale and how to access one.
what is a pi whale and how to access one.
 
Isios-2024-Professional-Independent-Trustee-Survey.pdf
Isios-2024-Professional-Independent-Trustee-Survey.pdfIsios-2024-Professional-Independent-Trustee-Survey.pdf
Isios-2024-Professional-Independent-Trustee-Survey.pdf
 
Poonawalla Fincorp and IndusInd Bank Introduce New Co-Branded Credit Card
Poonawalla Fincorp and IndusInd Bank Introduce New Co-Branded Credit CardPoonawalla Fincorp and IndusInd Bank Introduce New Co-Branded Credit Card
Poonawalla Fincorp and IndusInd Bank Introduce New Co-Branded Credit Card
 
Proposer Builder Separation Problem in Ethereum
Proposer Builder Separation Problem in EthereumProposer Builder Separation Problem in Ethereum
Proposer Builder Separation Problem in Ethereum
 
What website can I sell pi coins securely.
What website can I sell pi coins securely.What website can I sell pi coins securely.
What website can I sell pi coins securely.
 
NO1 Uk Rohani Baba In Karachi Bangali Baba Karachi Online Amil Baba WorldWide...
NO1 Uk Rohani Baba In Karachi Bangali Baba Karachi Online Amil Baba WorldWide...NO1 Uk Rohani Baba In Karachi Bangali Baba Karachi Online Amil Baba WorldWide...
NO1 Uk Rohani Baba In Karachi Bangali Baba Karachi Online Amil Baba WorldWide...
 
The secret way to sell pi coins effortlessly.
The secret way to sell pi coins effortlessly.The secret way to sell pi coins effortlessly.
The secret way to sell pi coins effortlessly.
 
how can I sell my pi coins for cash in a pi APP
how can I sell my pi coins for cash in a pi APPhow can I sell my pi coins for cash in a pi APP
how can I sell my pi coins for cash in a pi APP
 
MERCHANTBANKING-PDF complete picture.pdf
MERCHANTBANKING-PDF complete picture.pdfMERCHANTBANKING-PDF complete picture.pdf
MERCHANTBANKING-PDF complete picture.pdf
 
Empowering the Unbanked: The Vital Role of NBFCs in Promoting Financial Inclu...
Empowering the Unbanked: The Vital Role of NBFCs in Promoting Financial Inclu...Empowering the Unbanked: The Vital Role of NBFCs in Promoting Financial Inclu...
Empowering the Unbanked: The Vital Role of NBFCs in Promoting Financial Inclu...
 

Aaj ka trend 22.08.16

  • 1. Equities I Commodities I Currencies I Mutual Funds Aaj Ka Trend Technical View: MCX Gold prices are facing a resistance of downward falling trend line on hourly basis. On the other hand, prices have been trading below 50 HEMA on hourly time frame. Furthermore, ADX indicator is trading below 25 which indicates lack of strength ahead on hourly chart. Moreover, Momentum Indicator RSI is trading below 50 levels on hourly time frame. For now we expect prices should move lower towards 31050 levels in the coming trading sessions. SEBI Registered - Research Analyst Equities I Commodities I Currencies I Mutual Funds Bullions MCX Gold Oct Hourly Chart CMP: 31404 MCX Gold (Oct) Trend: Bearish Price potential: 31050 Reversal:31600 MCX Silver Sept Hourly Chart CMP: 45444 Technical View: MCX Silver prices has witnessed breakdown of its consolidation pattern at 45350 on hourly time frame. Furthermore COMEX Silver prices is trading below its 21 HEMA on hourly chart. In addition, MCX Silver is trading below its 100 HEMA on hourly time frame. Moreover, Momentum Indicator RSI has plunge below 40 levels on hourly time frame. For now we expect prices to move lower towards 44700 levels in few trading sessions. MCX Silver (Sept) Trend: Bearish Price potential: 44700 Reversal: 45890 Pivot levels for the Day S1 S2 S3 Pivot R1 R2 R3 Gold 31299 31204 31012 31396 31491 31588 31780 Silver 45077 44648 43718 45578 46007 46508 47438 22nd Aug’16
  • 2. Equities I Commodities I Currencies I Mutual Funds Technical View: MCX Copper prices have witnessed breakout of its Falling Channel formation at 322 levels on hourly chart. Furthermore, counter is trading above its super trend indicator on hourly time frame. Moreover, MCX Copper is trading above its 50 HEMA on hourly chart. On the other hand, momentum indicator RSI is trading near 60 levels on hourly chart. For now we expect prices to move higher towards 330 levels in coming trading sessions. SEBI Registered - Research Analyst Equities I Commodities I Currencies I Mutual Funds MCX Copper Aug hourly Chart CMP: 322.15 MCX Copper (Aug) Trend: Bullish Price potential: 330 Reversal: 317 MCX Crude Oil Sept. Hourly Chart CMP: 3292 Technical View: MCX Crude Oil prices have completed bearish Anti – Cypher pattern at 3287 on hourly time frame. On the other hand prices have been witnessed breakdown of its Rising Wedge pattern on hourly chart. Furthermore, NYMEX WTI Crude Oil has observed breakdown of its falling channel pattern on hourly basis. Moreover, Momentum indicator RSI has faced resistance at 60 levels on hourly chart. For now we expect prices to move lower towards 3215 levels in coming trading sessions. MCX Crude Oil (Sept) Trend: Bearish Price potential: 3215 Reversal: 3340 Pivot levels for the Day S1 S2 S3 Pivot R1 R2 R3 Copper 320.3 318.7 316.1 321.4 323.0 324.0 326.7 Crude 3264 3239 3188 3290 3315 3341 3392 Base Metal Energy Aaj Ka Trend 22nd Aug’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 320.3 318.7 316.1 321.4 323.0 324.0 326.7 Aluminum 110.7 109.9 108.3 111.5 112.3 113.1 114.7 Lead 125.3 124.6 123.3 126.0 126.7 127.3 128.7 Nickel 688.5 681.6 670.1 693.1 700.0 704.6 716.1 Zinc 152.6 151.7 150.2 153.2 154.1 154.7 156.2 Natural Gas 171.8 169.6 163.5 175.7 177.9 181.8 187.9 Fundamental News:  Gold inched up as the dollar fell to a seven-week low against its main rivals, while investors digested minutes from the Federal Reserve and the European Central Bank for further indications on the scope and duration of a host of low interest rate policies from major central banks throughout the world.  Gold prices dipped in Asia on Friday with a cautious eye on the Federal Reserve as debate grows on the need for a rate hike by the end of the year.  Gold prices slipped lower on Friday, but still remained close to a two-week high as the minutes of the Federal Reserve’s latest policy meeting continued to weigh on the greenback.  Crude oil gained in early Asia on Friday as an output freeze by key producers was said to be gaining traction, though vast global oversupply continues to hang over the market.  Crude oil held gains in Asia on Friday with Brent comfortably above $50 a barrel as an output freeze by key producers was said to be gaining traction, though vast global oversupply continues to hang over the market.  Oil was lower Friday on profit-taking on the back of a strong rally on output freeze hopes.  U.S. oil futures slipped lower but remained close to seven-week highs on Friday, as a decline U.S. stockpiles and hopes for an agreement between exporting countries on a potential production freeze continued to support.  Oil prices fell as much as 1 percent on Friday, retreating from eight-week highs, as market participants took profits from one of this year's strongest rallies in crude, which analysts called fundamentally unjustified. Aaj Ka Trend 22nd Aug’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 1345.30 Silver 19.28 Crude Oil 48.50 Brent Crude Oil 50.80 Natural Gas 2.575 COMEX/NYMEX/ICE ( Precious Metals & Energy) Currency & Commodity Index Currency (Spot) Current Price USD / INR 67.13 Dollar Index 94.48 EUR / USD 1.13 CRB Index* 188.77 Closing as on 19.08.16 *Closing as on 19.08.16 LME (Base Metals) ( $ per tones) Commodity Closing Price Copper 4798 Aluminum 1667 Zinc 2286 Lead 1883 Nickel 10355 SHFE (Base Metals) (Yuan per tones) Commodity Closing Price Copper 37290 Aluminum 12585 Zinc 17480 Lead 13800 Closing as on 19.08.16 Closing as on 19.08.16 LME INVENTORY DATA Aaj Ka Trend 12-Aug-16 16-Aug-16 17-Aug-16 18-Aug-16 19-Aug-16 Aluminium -8000 -2250 18300 18300 -7100 Copper -1550 -1175 7925 7925 -2800 Lead -150 -50 -175 -125 -100 Nickel -270 4944 -414 -414 -60 Zinc -175 -275 -375 -375 -1175 22nd Aug’16
  • 5. Equities I Commodities I Currencies I Mutual Funds 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 recommendations may be subject to change. The information and any disclosures provided herein may be considered confidential. Any use, distribution, modification, copying, forwarding or disclosure by any person is strictly prohibited. The information and any disclosures provided herein do not constitute a 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 Rohan Patil Research Associate rohan.patil@choiceindia.com www.choiceindia.comcustomercare@choiceindia.com SEBI Registered - Research Analyst Equities I Commodities I Currencies I Mutual Funds Aaj Ka Trend 22nd Aug’16 Neeraj Yadav Research Advisor neeraj.yadav@choiceindia.com Anish Vyas Senior Research Associate anish.vyas@choiceindia.com 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: 2016.08.20 14:16:08 +05'30'