#ChoiceBroking #Aajkatrend

1. Equities I Commodities I Currencies I Mutual Funds
Aaj Ka Trend
Technical View:
MCX Gold prices traded on a higher side and continued to
trade above its trend line support 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 31870 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: 31548
MCX Gold (Aug) Trend: Bullish
Price potential: 31870 Reversal:31320
MCX Silver July Hourly Chart CMP: 42289
Technical View:
MCX Silver prices have observed breakout of its triangle
formation at 42678 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 43000 levels in few trading
sessions.
MCX Silver (July) Trend: Bullish
Price potential: 43000 Reversal: 41900
Pivot levels for the Day
S1 S2 S3 Pivot R1 R2 R3
Gold 31371 31265 30975 31555 31661 31845 32135
Silver 42067 41874 41382 42366 42559 42858 43350
28th June’16

2. Equities I Commodities I Currencies I Mutual Funds
Technical View:
MCX Copper has witnessed breakdown of its symmetrical
triangle pattern at 316.80 levels. Furthermore, prices have
been trading below its 21 HEMA on hourly chart. Moreover,
Counter is trading below its Super Trend indicator on hourly
time frame. On the other hand, momentum indicator RSI is
trading below 50 levels on hourly chart. For now we expect
prices to move lower towards 310 levels in coming trading
sessions.
SEBI Registered - Research Analyst Equities I Commodities I Currencies I Mutual Funds
MCX Copper June hourly Chart CMP: 317.90
MCX Copper (June) Trend: Bearish
Price potential: 310 Reversal: 323
MCX Crude Oil July. Hourly Chart CMP: 3136
Technical View:
MCX Crude Oil achieved our short term target as expected.
MCX Crude Oil has witnessed breakdown of its upward
slanting trend line support at 3194 levels. On the other hand
prices have been trading below its 100 HEMA on MCX Crude
Oil hourly chart. On NYMEX Crude counter has witnessed
breakdown of its Rectangle Pattern at $ 46.53 levels.
Moreover, Momentum indicator RSI is trading below 30
levels on hourly chart. For now we expect prices to move
lower towards 3090 levels in coming trading sessions.
MCX Crude Oil (July) Trend: Bearish
Price potential: 3090 Reversal: 3220
Pivot levels for the Day
S1 S2 S3 Pivot R1 R2 R3
Copper 316.2 314.2 310.2 318.3 320.2 322.3 326.4
Crude 3135 3098 2996 3200 3237 3302 3404
Base Metal
Energy
Aaj Ka Trend
28th 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 316.2 314.2 310.2 318.3 320.2 322.3 326.4
Aluminum 107.5 107.0 105.5 108.6 109.1 110.1 111.7
Lead 114.7 114.2 112.9 115.5 116.0 116.8 118.1
Nickel 602.7 598.6 587.1 610.1 614.2 621.6 633.1
Zinc 135.2 134.6 133.0 136.1 136.7 137.7 139.2
Natural Gas 182.8 179.7 174.2 185.2 188.3 190.7 196.2
Fundamental News:
 Gold in Asia on Monday continued last week's gains on the surprise Brexit vote for the U.K. to leave the
European Union with investors awaiting any cues the next move by Britain and possible policy responses by
Japan which has seen the yen soar in response to safe-haven demand.
 Gold prices rose on Monday, re-approaching the two-year peaks hit on Friday after a shock U.K. vote to exit the
European Union sent investors scrambling into bullion and other safe haven assets.
 Lower interest rates tend to help gold, as the metal pays its holders nothing, but it struggles to compete with
yield-bearing investments when interest rates rise.
 Crude prices held weaker in Asia on Monday as investors continued to show caution on the back of an
unexpected outcome of a referendum last week that sets the stage for Britain to leave the European Union.
 Oil prices pushed higher on Monday as markets continued to absorb the impact of Friday’s shock vote by the
U.K. to exit the European Union, which triggered a broad based selloff in global market.
 Oil prices slipped on Monday as market participants absorbed the shock of Britain's vote to leave the European
Union though some analysts said Brexit would have a limited impact on global fuel demand.
 Oil prices turned lower on Monday as markets continued to be hit by the fallout of Britain’s shock vote to quit
the European Union, which sent investors scrambling into safe haven assets.
 With gasoline costing the least since 2005, U.S. motorists will hit the road this upcoming July 4 holiday weekend
in record numbers, according to the nation's largest motoring group.
Aaj Ka Trend
28th 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 1319.09
Silver 17.66
Crude Oil 46.93
Brent Crude Oil 47.79
Natural Gas 2.721
COMEX/NYMEX/ICE ( Precious Metals & Energy) Currency & Commodity Index
Currency (Spot) Current Price
USD / INR 67.95
Dollar Index 96.11
EUR / USD 1.1045
CRB Index* 187.56
Closing as on 27.06.16 *Closing as on 27.06.16
LME (Base Metals) ( $ per tones)
Commodity Closing Price
Copper 4710
Aluminum 1596
Zinc 1995
Lead 1701
Nickel 8980
SHFE (Base Metals) (Yuan per tones)
Commodity Closing Price
Copper 36990
Aluminum 12370
Zinc 15675
Lead 12760
Closing as on 27.06.16 Closing as on 27.06.16
LME INVENTORY DATA
Aaj Ka Trend
21-June-16 22-June-16 23-June-16 24-June-16 27-June-16
Aluminium -6625 -6600 -6650 -5625 -6900
Copper -1850 -1475 3675 -2000 -675
Lead -50 175 -25 -25 -25
Nickel 156 -498 -2064 -13985 -312
Zinc -1175 -1025 18600 -1525 17625
28th 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
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SEBI Registered - Research Analyst Equities I Commodities I Currencies I Mutual Funds
Aaj Ka Trend
28th June’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: 2016.06.28 08:45:31 +05'30'