Aaj ka trend 29.11.16

Equities I Commodities I Currencies I Mutual Funds
Aaj Ka Trend
Technical View:
On hourly chart, MCX Gold prices are trading below its
Horizontal Trend line. Moreover, MCX Gold prices are trading
below its 50 HEMA which suggest short term trend remains
down. Moreover, Momentum Indicator RSI is trading below 50
levels on hourly time frame which indicates negative
momentum to the prices. For now we expect prices should
move lower towards 28350 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: 28745
MCX Gold (Dec) Trend: Bearish
Price potential: 28350 Reversal: 28950
MCX Silver Dec Daily Chart CMP: 40705
Technical View:
As Expected MCX Silver prices traded on a higher side &
achieved our short term target of 41100. On hourly chart,
MCX Silver prices has witnessed breakout of its Falling Channel
formation at 40979 levels. Furthermore, on COMEX Silver
Prices has completed Bullish White Swan Harmonic pattern at
$16.30 levels. In Addition, MCX Silver prices are trading above
its 21 HEMA on hourly time frame which indicates positive
momentum to the prices. For now we expect prices to move
higher towards 41500 levels in few trading sessions.
MCX Silver (Dec) Trend: Bullish
Pivot levels for the Day
S1 S2 S3 Pivot R1 R2 R3
Gold 28702 28451 28204 28698 28772 28945 29192
Silver 40255 40013 39248 40778 41020 41543 42308
29th Nov’16

Technical View:
On hourly chart, MCX Copper price has formed Bullish Cup
& Candle pattern at 404 levels . Moreover, COMEX Copper
are trading in higher high higher low pattern on hourly
chart. In addition MCX Copper prices are trading above its
50 HEMA. Furthermore, momentum indicator RSI is trading
above 60 levels on daily time frame. For now we expect
prices to move higher towards 410 levels in coming
trading sessions.
MCX Copper Nov Daily Chart CMP: 400.65
MCX Copper (Nov) Trend: Bullish
MCX Crude Oil Dec. Daily Chart CMP: 3260
Technical View:
MCX Crude Oil prices are trading above its Horizontal trend
line support in hourly time frame. MCX Crude Oil is trading
above its 50 HEMA on hourly chart. In addition, NYMEX
Crude Oil has formed Bullish Anti Alternate Shark harmonic
pattern in hourly time frame. 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 3340 towards levels in coming
trading sessions.
MCX Crude Oil (Dec) Trend: Bullish
Pivot levels for the Day
S1 S2 S3 Pivot R1 R2 R3
Copper 399.2 394.7 382.3 407.0 411.6 419.4 431.7
Crude 3134 3070 2944 3196 3260 3322 3448
Base Metal
Energy
Aaj Ka Trend
29th Nov’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 399.2 394.7 382.3 407.0 411.6 419.4 431.7
Aluminum 119.7 118.8 116.5 121.1 122.0 123.4 125.7
Lead 161.9 158.6 150.2 167.1 170.3 175.5 184.0
Nickel 791.5 783.6 763.2 804.0 811.9 824.4 844.8
Zinc 194.4 191.7 184.4 199.0 201.7 206.3 213.6
Natural Gas 219.4 218.4 212.3 224.5 225.5 230.6 236.7
Fundamental News:
 Gold prices gained in early Asia on Monday as investors focused on the recent declines as an opportunity to
buy.
 Gold prices rose more than 1% on Monday, rebounding from nine-and-a-half month lows as the dollar reversed
some of its post U.S. election gains after surging to almost 14-year highs last week.
 Gold may be oversold but the bull market for the precious metal has been broken.
 Oil prices edged higher on Monday, after falling as much as 2 percent in early trading, as the market grappled
over the shaky prospect of major producers being able to agree output cuts at a meeting on Wednesday aimed
at reining in global oversupply.
 Oil prices retraced losses on Monday, after sharp falls overnight on the back of mounting concerns that
Wednesday’s crunch OPEC meeting will not yield an agreement on output cuts.
 Oil was lower Monday as the chances of an OPEC deal to cut output hung in the balance.
 Oil prices jumped in choppy trade on Monday after Iraq’s oil minister said he was “optimistic” that Wednesday’s
crunch OPEC meeting will yield an agreement on output cuts.
 Saudi Arabia's disavowal of a need for OPEC to cut output may or may not be a bluff.
 The U.S. dollar dropped against its Canadian counterpart on Monday, as a rally in oil prices boosted demand for
the commodity-related Canadian currency.
Aaj Ka Trend
29th Nov’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 1192
Silver 16.71
Crude Oil 46.93
Brent Crude Oil 48.99
Natural Gas 3.36
COMEX/NYMEX/ICE ( Precious Metals & Energy) Currency & Commodity Index
Currency (Spot) Current Price
USD / INR 68.60
Dollar Index 101.38
EUR / USD 1.059
CRB Index* 187.75
Closing as on 28.11.16 *Closing as on 28.11.16
LME (Base Metals) ( $ per tones)
Copper 5770
Aluminum 1743
Zinc 2802
Lead 2320
Nickel 11460
SHFE (Base Metals) (Yuan per tones)
Copper 48120
Aluminum 13720
Zinc 23520
Lead 21120
Closing as on 28.11.16 Closing as on 28.11.16
LME INVENTORY DATA
Aaj Ka Trend
22-Nov-16 23-Nov-16 24-Nov-16 25-Nov-16 28-Nov-16
Aluminium -8051 -7801 899 -5451 26524
Copper -4798 -2874 -3526 1324 -2951
Lead -1025 0 0 0 0
Nickel 1025 468 -223 -6 -715
Zinc -76 -451 -1274 -226 -224
29th Nov’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
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.
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.choicebroking.incustomercare@choiceindia.com
Aaj Ka Trend
29th Nov’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: 2016.11.29 08:30:03 +05'30'

Aaj ka trend 29.11.16

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