#ChoiceBroking #Aajkatrend

1. Equities I Commodities I Currencies I Mutual Funds
Aaj Ka Trend
Technical View:
MCX Gold prices is holding strong support of its horizontal
trend line at 31250 levels on hourly basis. Furthermore,
momentum indicator MACD is trading above signal line on
hourly time frame. On the other hand, MCX Gold prices have
been trading above its 50 HEMA which indicates short term
positive confirmation to the prices. Moreover, Momentum
Indicator RSI is trading above 60 levels in hourly time frame.
For now we expect prices should move higher towards 31620
levels in the coming trading sessions.
SEBI Registered - Research Analyst Equities I Commodities I Currencies I Mutual Funds
Bullions
MCX Gold August Hourly Chart CMP: 31295
MCX Gold (Aug) Trend: Bullish
Price potential: 31620 Reversal:31070
MCX Silver July Hourly Chart CMP: 42340
Technical View:
MCX Silver prices have observed breakout of its Falling wedge
Pattern at 42438 on hourly basis. On the other hand, MCX
Silver prices have been trading above its 50 HEMA which
indicates positive confirmation to the prices. Furthermore,
momentum indicator MACD is trading above signal line on
hourly time frame. Moreover, momentum indicator RSI is
trading above 50 levels on hourly chart. For now we expect
prices to move higher towards 42950 levels in few trading
sessions.
MCX Silver (July) Trend: Bullish
Price potential: 42950 Reversal: 41950
Pivot levels for the Day
S1 S2 S3 Pivot R1 R2 R3
Gold 31146 31009 30720 31298 31435 31587 31876
Silver 41956 41611 41025 42197 42542 42783 43369
29th June’16

2. Equities I Commodities I Currencies I Mutual Funds
Technical View:
MCX Copper has witnessed breakout of its pennant pattern
at 322.50 levels. Furthermore, prices have been trading
above its 21 HEMA on hourly chart. Moreover, Counter is
trading above its Super Trend indicator on hourly time
frame. On the other hand, momentum indicator RSI is
trading above 60 levels on hourly chart. For now we expect
prices to move higher towards 333 levels in coming
trading sessions.
SEBI Registered - Research Analyst Equities I Commodities I Currencies I Mutual Funds
MCX Copper June hourly Chart CMP: 325.80
MCX Copper (June) Trend: Bullish
Price potential: 333 Reversal: 320
MCX Crude Oil July. Hourly Chart CMP: 3236
Technical View:
MCX Crude Oil has taken support near its horizontal trend
line support on hourly basis. On the other hand prices have
been trading above its 21 HEMA on MCX Crude Oil hourly
chart. Furthermore, counter is trading in Higher High Higher
Low formation on daily chart. Moreover, Momentum
indicator RSI is trading above 50 levels on hourly chart. For
now we expect prices to move higher towards 3300 levels in
coming trading sessions.
MCX Crude Oil (July) Trend: Bullish
Price potential: 3300 Reversal: 3165
Pivot levels for the Day
S1 S2 S3 Pivot R1 R2 R3
Copper 320.7 316.9 310.1 323.7 327.5 330.5 337.3
Crude 3142 3089 2979 3199 3252 3309 3419
Base Metal
Energy
Aaj Ka Trend
29th June’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 320.7 316.9 310.1 323.7 327.5 330.5 337.3
Aluminum 108.6 107.7 106.3 109.1 110.0 110.5 111.9
Lead 116.2 114.9 112.9 116.9 118.2 118.9 120.9
Nickel 615.4 605.9 589.7 622.1 631.6 638.3 654.5
Zinc 137.3 134.9 131.0 138.7 141.1 142.6 146.4
Natural Gas 188.2 183.1 174.6 191.6 196.7 200.1 208.6
Fundamental News:
 Gold gained in Asia on Tuesday with investors eyeing a political process in the United Kingdom that could take
months to play out before a firm plan for exiting the European Union is put forth.
 Gold prices declined in European trade on Tuesday, falling for the first time in three sessions as investors locked
in gains after futures climbed to the highest level since July 2014 in wake of last week’s Brexit shock.
 Gold prices fell in North American trade on Tuesday, declining for the first time in three sessions as investor
sentiment began to improve in wake of last week’s shock vote by the U.K. to leave the European Union.
 Crude oil prices held gains in Asia on Tuesday with industry data on U.S. stockpiles due later in the day and
markets watching an expected long-drawn political process in the U.K. before any Brexit timetable becomes
clear.
 Oil prices rose on Tuesday as a looming strike in Norway threatened to cut output in western Europe's biggest
producer, although Britain's vote to leave the European Union was still weighing on markets.
 Oil prices rallied in European trade on Tuesday, climbing for the first three in time sessions as market sentiment
began to improve in wake of last week’s shock vote by the U.K. to leave the European Union.
 Oil on Tuesday rallied strongly from six-week lows overnight as the dollar weakened and a strike loomed in
Norway.
 U.S. natural gas futures surged to a ten-month high on Tuesday, as forecasts for continued above-normal
temperatures across most parts of the U.S. throughout most of summer raised expectations for power
generation demand to meet air conditioning needs.
Aaj Ka Trend
29th June’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 1315.69
Silver 17.81
Crude Oil 48.11
Brent Crude Oil 48.73
Natural Gas 2.87
COMEX/NYMEX/ICE ( Precious Metals & Energy) Currency & Commodity Index
Currency (Spot) Current Price
USD / INR 67.95
Dollar Index 96.19
EUR / USD 1.1075
CRB Index* 191.54
Closing as on 28.06.16 *Closing as on 28.06.16
LME (Base Metals) ( $ per tones)
Commodity Closing Price
Copper 4818
Aluminum 1624
Zinc 2075
Lead 1716
Nickel 9154
SHFE (Base Metals) (Yuan per tones)
Commodity Closing Price
Copper 37040
Aluminum 12360
Zinc 15750
Lead 12745
Closing as on 28.06.16 Closing as on 28.06.16
LME INVENTORY DATA
Aaj Ka Trend
22-June-16 23-June-16 24-June-16 27-June-16 28-June-16
Aluminium -6600 -6650 -5625 -6900 -8675
Copper -1475 3675 -2000 -675 1250
Lead 175 -25 -25 -25 -275
Nickel -498 -2064 -13985 -312 -708
Zinc -1025 18600 -1525 17625 -1200
29th June’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
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
29th June’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: 2016.06.29 08:53:14 +05'30'