Aaj ka trend 28.12.16

Equities I Commodities I Currencies I Mutual Funds
Aaj Ka Trend
Technical View:
On daily chart, MCX Gold price has taken support of its falling
trend line at 26810 levels. Furthermore, COMEX Gold prices
have been taking support of its horizontal trend line at $1138
levels on hourly chart. Moreover, Momentum Indicator MACD
has given positive crossover on daily chart, which gives the
sign of bullishness in the prices. For now we expect prices
should move higher towards 27600 levels in the coming
trading sessions.
SEBI Registered - Research Analyst Equities I Commodities I Currencies I Mutual Funds
Bullions
MCX Gold Feb. Daily Chart CMP: 27170
MCX Gold (Feb) Trend: Bullish
Price potential: 27600 Reversal: 27000
MCX Silver Mar. Hourly Chart CMP: 39118
Technical View:
On hourly chart, MCX Silver price has been trading in its
falling wedge pattern and prices have been taking support of
its lower band of pattern at 38500 levels. On the other hand,
prices are trading above its 21 HEMA. In addition, momentum
indicator MACD has given positive crossover on hourly chart,
which indicates strength in the prices. For now we expect
prices to move higher towards 39900 levels in few trading
sessions.
MCX Silver (Mar) Trend: Bullish
Pivot levels for the Day
S1 S2 S3 Pivot R1 R2 R3
Gold 27033 26867 26673 27227 28150 28350 28450
Silver 38719 38387 38035 39071 39403 39755 40792
28th Dec’16

Technical View:
MCX Copper price has been trading in falling channel
pattern and prices have been taking support of its lower
band of channel pattern at 366 levels on hourly chart. In
addition MCX Copper prices are trading above its 21 HEMA.
Furthermore, momentum indicator RSI has remained above
60 levels on hourly time frame, which suggest further
upside momentum can be seen. For now we expect prices
to move higher towards 389 levels in coming trading
sessions.
MCX Copper Feb. hourly Chart CMP: 379
MCX Copper (Feb) Trend: Bullish
MCX Crude Oil Jan. Hourly Chart CMP: 3676
Technical View:
MCX Crude Oil prices has been trading in rising wedge
pattern and taking support of its lower band of wedge
pattern at 3550 levels on hourly chart. MCX Crude Oil is
trading above its 100 HEMA on hourly chart. On the other
hand, NYMEX WTI Crude oil price has taken support of its
rising trend line at $52.40 levels. Moreover, Momentum
indicator RSI is trading above 50 levels on hourly chart which
suggest the positive movement in the prices. For now we
expect prices to move higher towards 3750 levels in coming
trading sessions.
MCX Crude Oil (Jan) Trend: Bullish
Pivot levels for the Day
S1 S2 S3 Pivot R1 R2 R3
Copper 369.5 364.6 359.3 374.8 379.7 385.0 400.4
Crude 3626 3592 3570 3648 3682 3704 3782
Base Metal
Energy
Aaj Ka Trend
28th Dec’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 369.5 364.6 359.3 374.8 379.7 385.0 400.4
Aluminum 117.3 116.8 116.4 117.7 118.2 118.6 119.9
Lead 137.5 135.8 134.0 139.3 141.0 142.8 148.0
Nickel 692.3 684.9 677.0 700.2 707.6 715.5 738.6
Zinc 170.1 168.1 166.2 172.0 174.0 175.9 181.8
Natural Gas 250.4 248.3 244.9 253.8 255.9 259.3 268.2
Fundamental News:
 Gold prices rose in Asian trade on Tuesday on light buying out of China, but trading was thin after the long
Christmas weekend, even as a firm dollar capped the gains.
 The dollar rose against the yen and euro as some investors emerged out of the holiday lull to hunt for bargains
as the market entered the last trading stretch of the year.
 The U.S. currency had climbed to a 10-month high of 118.660 yen mid-month on expectations of stronger
growth after U.S President-elect Donald Trump takes office in January. A firm dollar curbs demand for
commodities priced in the greenback by making them more expensive for holders of other currencies.
 Oil prices firmed in light trade on Tuesday as investors looked ahead to the implementation of planned output
cuts by global producers, which is due to kick in on January 1.
 OPEC members agreed to reduce output by a combined 1.2 million barrels per day starting from January 1, their
first such deal since 2008. The pact was followed by an agreement from 11 non-OPEC producers, led by Russia,
to cut their supplies by 558,000 barrels a day, bringing the total to almost 1.8 million barrels per day.
 However, some traders remain skeptical that the planned cuts will be as substantial as the market currently
expects.
 Japan's core consumer prices marked the ninth straight month of annual declines in November, data showed on
Tuesday, suggesting that the economy still lacks enough momentum to jump-start inflation toward the central
bank's ambitious 2 percent target. Hedge funds and money managers cut their net long position in COMEX gold
for a sixth straight week in the week to Dec. 20, Commodity Futures Trading Commission data showed on
Friday.
Aaj Ka Trend
28th Dec’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 1141.83
Silver 15.99
Crude Oil 53.81
Brent Crude Oil 55.96
Natural Gas 3.700
COMEX/NYMEX/ICE ( Precious Metals & Energy) Currency & Commodity Index
Currency (Spot) Current Price
USD / INR 68.06
Dollar Index 102.97
EUR / USD 1.0468
CRB Index* 192.75
Closing as on 27.12.16 *Closing as on 27.12.16
LME (Base Metals) ( $ per tones)
Copper 5469
Aluminum 1719
Zinc 2577
Lead 2073
Nickel 10410
SHFE (Base Metals) (Yuan per tones)
Copper 45610
Aluminum 12825
Zinc 20835
Lead 18000
Closing as on 27.12.16 Closing as on 27.12.16
LME INVENTORY DATA
Aaj Ka Trend
21-Dec-16 22-Dec-16 23-Dec-16 26-Dec-16 27-Dec-16
Aluminium 25101 5025 10450 0 0
Copper -4400 -3825 -1275 0 0
Lead 25 11700 50 0 0
Nickel 95 95 -144 0 0
Zinc -25 -175 -200 0 0
28th Dec’16

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
28th Dec’16
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: 2016.12.28 08:57:03 +05'30'

Aaj ka trend 28.12.16

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