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Sumeet Bagadia’s Desk:Buy NATURALGAS|24MAR26 CE 290.00 in Commodity @ 16.1 SL 14 TGT 20.30
Crude Oil Update
Crude Oil prices rose around amid rising uncertainty over the U.S - Iran conflict. Despite Donald Trump suggesting the war could end soon, US officials signaled intensified military action and limited prospects for diplomacy. Major Middle Eastern producers have collectively cut output by more than 6 mbpd, heightening global supply concerns.
-Choice Broking
Global Market Update
• The US-Israeli campaign against Iran is ongoing, now in its 12th day, with no resolution.
• President Trump suggested the conflict might end soon, while contrasting outcome seen as the Pentagon confirmed that the US and Israel have conducted their most intense strikes on Iran, pledging to continue until Iran is defeated.
• Iran’s Revolutionary Guards refuted Trump’s claims and stated that actions would continue until US and Israeli attacks stop.
• Oil markets reacted negatively to conflicting reports from the Trump administration regarding operations in the Strait of Hormuz.
• Energy Secretary Chris Wright claimed the US Navy had escorted a tanker, which was later denied by the White House.
• Markets are closely watching upcoming US inflation data, projected to remain significantly above the Federal Reserve's target.
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*Sumeet Bagadia's Desk: Book Part Profit in CRUDEOIL strategy*
*Approx. Profit of Rs.2550 at cmp*
*US Existing Home Sales*
Actual : 4.09M
Forecast : 3.89M
Prev.: 3.91M
Impact : Negative for Bullions
Sumeet Bagadia’s Desk : Exit @ 283350...Buy in Commodity SILVERMIC|30APR26 @ 282300 SL 278990 TGT 288920.00
CRUDEOIL prices recover by +6.8% from its day low next hurdle may seen around 8460
Sumeet Bagadia’s Desk : Stopped Out @ 336...Sell in Commodity ALUMINIUM|31MAR26 @ 335.15 SL 336 TGT 333.45
ADP Weekly Employment Change
Actual : 15.5K
Prev.: 12.8K
Impact : Negative for Bullion
Sumeet Bagadia’s Desk:Sell ALUMINIUM|31MAR26 in Commodity @ 335.15 SL 336 TGT 333.45
Sumeet Bagadia’s Desk : Book Part Profit @ 1201.45...Sell in Commodity COPPER|31MAR26 @ 1203 SL 1205 TGT 1199.00
Sumeet Bagadia’s Desk:Sell COPPER|31MAR26 in Commodity @ 1203 SL 1205 TGT 1199.00
Sumeet Bagadia’s Desk : Book Part Profit @ 21.45...Buy in Commodity NATURALGAS|24MAR26 CE 290.00 @ 20 SL 18 TGT 24.00
Sumeet Bagadia’s Desk : Exit @ 280421...Sell in Commodity SILVERMIC|30APR26 @ 280690 SL 284200 TGT 273670.00
Sumeet Bagadia’s Desk:Sell SILVERMIC|30APR26 in Commodity @ 280690 SL 284200 TGT 273670.00
Sumeet Bagadia’s Desk:Buy NATURALGAS|24MAR26 CE 290.00 in Commodity @ 20 SL 18 TGT 24.00
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