20 Dec 2019 - Jiffy · 12/20/2019  · 200 days SMA’s, which signals positive momentum in the counter. Additionally, RSI(14) has shown positive crossover, which support in the counter

20th Dec 2019

Bullion Gold

Silver

Base Metal

Copper

Zinc

Lead

Aluminium

Nickel

Energy Crude Oil

Natural Gas

Agro RM Seed

Soybean

Others Rubber

Diamond

Aaj Ka Trend

Silver Mar

CMP 44669

Trend Bullish

Potential Price 44900/45200

Reversal Price 44350

On the daily chart, the price has closed in positive note during the last session.

Moreover, the price has shifted above the falling trend line, which adds support in the counter.

Furthermore, the price has pulled back from the lower Bollinger Band and sustained above the 21 days SMA’s, which indicates bullish sentiments in the counter.

Additionally, RSI(14) has shown positive crossover, which suggests bullishness in the prices for the near term.

As per the above technical structure; we expect a bullish move in the counter.

On the daily chart, the price has closed on a positive note and gained 0.26% during the last session.

Moreover, the price has pulled back from the lower Bollinger Band, which adds positive indication in the counter.

Furthermore, the price has sustained above 200 days SMA’s, which signals positive momentum in the counter.

Additionally, RSI(14) has shown positive crossover, which support in the counter for the near term.

As per the above technical structure; we expect a bullish move in the counter.

Gold Feb

CMP 38010

Trend Bullish

Potential Price 38100/38200

Reversal Price 37880

S3 S2 S1 Pivot R1 R2 R3

Gold 37721 37791 37922 37992 38123 38193 38463

Silver 43920 44092 44402 44574 44884 45056 45709

Aaj Ka Trend

Nickel Dec

CMP 1030

Trend Bullish

Potential Price 1036/1042

Reversal Price 1022

On the daily chart, the price glittered 1.81% during the last session.

Moreover, the price has sustained above the median of the Bollinger Band, which signifies bullish power in the counter.

Additionally, momentum indicator RSI(14) has shown a positive crossover which signals bullishness.

Similarly, the price has been above the falling trend line, which signals power in the hands of the bulls

As per the above technical structure; we expect bullish move in the counter.

On the daily chart, the price closed with positive note and gained 0.18% during the last session.

Moreover, the price has been trading above it’s upward sloping trend line, which confirms bullish power in the counter.

Furthermore, the price has sustained above the 200 day's SMA, which indicates control in the hands of the bulls.

Additionally, momentum indicator RSI(14) has been moving above the level 50, which indicates bullish movement.

As per the above technical structure; we expect bullish move in the counter.

Copper Dec

CMP 444.50

Trend Bullish

Potential Price 446/447.50

Reversal Price 442

S3 S2 S1 Pivot R1 R2 R3

Copper 439 440 443 444 446 448 452

Nickel 995 1003 1018 1026 1041 1049 1080

Aaj Ka Trend

Natural Gas Dec

CMP 161

Trend Bearish

Potential Price 159/157

Reversal Price 164

Natural Gas price slipped 0.56% in the previous session.

Moreover, the price has shifted below 78.60% Retracement level, which indicates that bearish trend may remain continue.

Furthermore, the price has sustained below the rising trend line, which adds negative strength in the counter.

Additionally, the price has been trading below the 50*200 days SMA’s, which signifies bearish strength in the counter. As per the above technical structure; we expect bearish move in the counter.

On the daily chart, the price glittered 0.39% in the last session.

Moreover, the price has been trading above its Parabolic SAR, which indicates bullishness in the counter.

Furthermore, the price has also sustained above the 200 SMA which suggest rising prices.

Additionally, momentum indicator RSI(14) has shown a positive crossover which signals bullishness.

As per the above technical structure; we expect bullish move in the counter.

Crude Oil Dec

CMP 4362

Trend Bullish

Potential Price 4380/4400

Reversal Price 4222

S3 S2 S1 Pivot R1 R2 R3

Crude Oil 4267 4290 4326 4349 4385 4408 4490

Natural Gas 154 157 159 161 164 166 173

Aaj Ka Trend

Soybean Jan

CMP 4348

Trend Bullish

Potential Price 4365/4390

Reversal Price 4310

On the daily chart, the price closed in a positive note in the last session.

Moreover, the price has sustained above the Bollinger Band median line, which signifies bullish power in the counter.

Furthermore, the price has been trading above the 21*50 days SMA’s, which indicates bullish strength in the counter.

Momentum indicators MACD has been moving with positive crossover, which indicates control in the hands of the bulls.

As per the above technical structure; we expect bullish move in the counter.

On the daily chart, the price closed in a positive note in the last session.

Moreover, the price has been taking the support of the Bollinger Band median line, which signals bullish strength in the counter in the near term.

It has also sustained above its 21*50 days SMA’s, which suggests rising prices.

Momentum indicator RSI (14) has decisively sustained above the 50 level upward, which indicates control in the hands of the bulls.

As per the above technical structure; we expect positive move in the counter.

RM Seed Jan

CMP 4586

Trend Bullish

Potential Price 4630/4670

Reversal Price 4520

S3 S2 S1 Pivot R1 R2 R3

RMSeed 4498 4518 4552 4572 4606 4626 4700

Soybean 4211 4241 4295 4325 4379 4409 4524

Aaj Ka Trend

Diamond 1CT Jan.

CMP 3558.85

Trend Bearish

Potential Price 3552/3548

Reversal Price 3565

On the daily chart, the price closed in a positive note during the last session. But, It has sustained below the 21*50 days SMA’s and Parabolic SAR, which signifies power to the bears.

Furthermore, momentum indicator MACD has breached below the zero level which is negative for the counter. Momentum indicator RSI has crossed below 50 level, which indicates bearishness.

As per the above technical structure; we expect bearish move in the counter.

On the daily chart, the price closed in a negative note during the previous session.

However, the price is trading above the median of the Bollinger Band.

Moreover, It has also sustained above the 21*50 days SMA’s and Parabolic Sar, which provides the counter with support.

Momentum indicators RSI(14) has sustained above the 50 level, which could provide strength in the near term.

As per the above technical structure; we expect bullish move in the counter.

Rubber Jan

CMP 13326

Trend Bullish

Potential Price 13480/13650

Reversal Price 13250

S3 S2 S1 Pivot R1 R2 R3

Rubber 13135 13178 13254 13297 13373 13416 13578

Diamond 3535 3541 3551 3557 3567 3573 3595

Aaj Ka Trend

Economic Calendar

Time Data Prior Expected 07:00PM Final GDP q/q 2.1 2.1

07:00PM Final GDP Price Index q/q 1.8% 1.8%

07:00PM Core PCE Price Index m/m 0.1% 0.1%

08:30PM Personal Spending m/m 0.4% 0.3%

08:30PM Personal Income m/m 0.3% 0.0%

09:00PM Revised UoM Consumer Sentiment 99.9 99.2

COMEX/NYMEX/ICE(Precious Metals & Energy)

Commodity Current Price

Gold 1481.85

Silver 17.087

Crude Oil WTI 61.09

Brent Crude Oil 66.59

Natural Gas 2.292

Currency & Commodity Index

Currency (Spot) Current Price

USD / INR 71.18

Dollar Index 97.035

EUR / USD 1.1115

CRB Index* 185.13

LME (Base Metals ) ($ Per Tones)

Commodity Closing Price

Copper 6211

Aluminum 1799.50

Zinc 2328

Lead 1918.25

Nickel 14227.50

SHFE (Base Metals) (Yuan Per Tones)

Commodity Current Price

Copper 49310

Aluminum 14190

Zinc 18135

Lead 15070

*Closing as on 19.12.19

International Market

Any kind of queries on RESEARCH,

You can contact us on: 022 - 67079933 / 929 / 978

Email : [email protected]

website : www.choicebroking.in Connect us

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.

Aaj Ka Trend

S3 S2 S1 Pivot R1 R2 R3

Copper 439 440 443 444 446 448 452

Aluminium 133 133 134 134 135 135 136

Lead 152 153 153 153 154 154 155

Nickel 995 1003 1018 1026 1041 1049 1080

Zinc 182 183 183 183 184 184 185

Natural Gas 154 157 159 161 164 166 173

RM Seed 4498 4518 4552 4572 4606 4626 4700

Soybean 4211 4241 4295 4325 4379 4409 4524

RSO 866 874 890 898 914 922 954

Jeera 15443 15582 15768 15907 16093 16232 16695

TMC 6055 6113 6177 6235 6299 6357 6536

Guar Seed 4008 4048 4122 4162 4236 4276 4430

Dhaniya 6247 6293 6347 6393 6447 6493 6640

Castor Seed 4285 4309 4347 4371 4409 4433 4518

Pivot Table