29/01/2018

301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free: 9009010900
29/01/2018

Market Update (Energy):

Crude oil may remain on positive path as it may
move in range of 4160-4230. Oil prices held firm
on Monday, supported by strong demand; a weak
dollar and ongoing supply cuts lead by OPEC and
Russia, although soaring U.S. output means many
analysts expect crude prices to fall later in the year.
Oil markets have been propped up by supply
restraint lead by the Organization of the Petroleum
Exporting Countries (OPEC) and Russia, which
started in January last year and are scheduled to last
through 2018.
.
Market Update (Base
Metals): London zinc surged nearly 3
percent on Monday to its highest in more than 10
years, with a weaker dollar triggering buying amid
bets that tightening global supply will propel
prices even higher. Under investment in zinc
mines during the economic downturn over the
last 10 years has led to shortfall of the metal. LME
zinc inventories have slumped below 180,000
tonnes, of which less than 100,000 tonnes is
available to market the least since 2008.
Market Update (Bullions):
Gold can move in range of 30000-30400 while
silver can move in range of 39400-39900 in near
term. The dollar wobbled near three-year lows
against a basket of major currencies on Monday,
struggling to pull ahead from six straight weeks
of losses amid its evaporating yield advantage
and doubts about Washington's commitment to
a strong currency. The euro zone's economy
could prove to be a shining star again this year,
but persistently tepid inflation will probably
keep the European Central Bank from following
its peers and tightening monetary policy
anytime soon.

301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free: 9009010900
 29/01/2018

TECHNICAL ANALYST

GOLD
OUTLOOK:

TREND: - DOWN

RESISTANCE: - 30250, 30350.

SUPPORT: - 30050, 29950.

STRATEGY: - BUY ON LOW.

TECHNICAL OUTLOOK

Gold daily chart has formed "Rising wedge” pattern. The last session ended up bullish
near the channel’s support slope line. The market is expected to retest the support level
in bearish momentum and turn bullish once again, the downside rally could test all the
way through $1345-1340(30235-30110) levels in the upcoming sessions. Once the
market reaches the support level holding at $1340(30110) then it might retest the same
and turn bullish. The upside rally could test $1350-1360(30360-30610). Resistance holds
at $1360(30610).

301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free: 9009010900
 29/01/2018

OUTLOOK:
SILVER
TREND: - DOWN

RESISTANCE: - 39850, 40050.

SUPPORT: - 39450, 39250.

STRATEGY: - BUY ON LOW.

TECHNICAL OUTLOOK

Silver 4hr chart formed "Broadening top chart” pattern. The last session seems
consolidated near the channel’s resistance slope line. The market is expected to continue
in bearish momentum, testing all the way through 39600-39400 levels in the upcoming
sessions. Alternatively, market has a slight chance of giving a small correction along with
the positive momentum. Resistance holds at 40000 and support at 39400.

301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free: 9009010900
 29/01/2018

COPPER
OUTLOOK:

TREND: - DOWN

RESISTANCE: - 456.50,459.

SUPPORT: -451.50, 449.

STRATEGY: - BUY ON LOW.

TECHNICAL OUTLOOK

Copper daily chart has formed "Falling wedge” pattern. The last session ended up bearish
retesting the channel’s resistance slope line. The market is expected continue on bearish
momentum, testing all the way through 448-445 levels in the upcoming sessions. Once the
market reaches the support level then it might retest the same and turn bullish.
Alternatively, if the market breaks above the resistance level holding at 455 then it might
turn bullish once again. The upside rally could test 458-460 levels. Support holds at 445.

301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free: 9009010900
 29/01/2018

CRUDE OIL

OUTLOOK:

TREND: - UP

RESISTANCE: - 4260, 4290.

SUPPORT: - 4190, 4160.

STRATEGY: - BUY ON LOW.

TECHNICAL OUTLOOK

Crude Oil 4hr chart has formed “Ascending broadening wedge” pattern. The last few
sessions seems consolidated but ended up bullish inside the channel. The market is
expected to continue on the same bullish term, testing all the way through $67-67.50(4260-
4291) levels in the upcoming sessions. Alternatively, if market also might have a chance to
give some small correction on negative momentum. Major Resistance holds at
$67.50(4291) and previous resistance become support at $65(4132).

301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free: 9009010900
29/01/2018
DISCLAIMER

The information and views in this report, our website & all the service we provide
are believed to be reliable, but we do not accept any responsibility (or liability) for
errors of fact or opinion. Users have the right to choose the product/s that suits
them the most.

Sincere efforts have been made to present the right investment perspective. The
information contained herein is based on analysis and up on sources that we
consider reliable.

This material is for personal information and based upon it & takes no
responsibility.

The information given herein should be treated as only factor, while making
investment decision. The report does not provide individually tailor-made
investment advice. Trade India Research Recommends that investors independently
evaluate particular investments and strategies, and encourages investors to seek
the advice of a financial adviser. Trade India Research shall not be responsible for
any transaction conducted based on the information given in this report, which is in
violation of rules and regulations of NSE and BSE.

The share price projections shown are not necessarily indicative of future price
performance. The information herein, together with all estimates and forecasts,
can change without notice. Analyst or any person related to Trade India Research
might be holding positions in the stocks recommended. It is understood that
anyone who is browsing through the site has done so at his free will and does not
read any views expressed as a recommendation for which either the site or its
owners or anyone can be held responsible for . Any surfing and reading of the
information is the acceptance of this disclaimer.

All Rights Reserved.

Investment in Commodity and equity market has its own risks.

301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free: 9009010900
29/01/2018

We, however, do not Touch for the accuracy or the completeness thereof. we are
not responsible for any loss incurred whatsoever for any financial profits or loss
which may arise from the recommendations above. Trade India Research does not
purport to be an invitation or an offer to buy or sell any financial instrument. Our
Clients (Paid Or Unpaid), Any third party or anyone else have no rights to forward
or share our calls or SMS or Report or Any Information Provided by us to/with
anyone which is received directly or indirectly by them. If found so then Serious
Legal Actions can be taken.

301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free: 9009010900