Choice Commodity Research

Sumeet Bagadia’s Desk : Exit @ 790...Buy in Commodity CRUDEOILM|16APR26 CE 10000.00 @ 829.7 SL 750 TGT 989.10

Copper Update Major Chinese smelters, including Jiangxi Copper and Yunnan Copper, plan to maintain or raise 2026 output despite earlier cut pledges, signaling persistent overcapacity and continued pressure on global copper markets. -Choice Broking

Sumeet Bagadia’s Desk:Buy CRUDEOILM|16APR26 CE 10000.00 in Commodity @ 829.7 SL 750 TGT 989.10

Sumeet Bagadia’s Desk : Book Part Profit @ 148000...Sell in Commodity GOLDTEN|30APR26 @ 149595 SL 151830 TGT 145125.00

Sumeet Bagadia’s Desk : Exit @ 5649.5...Buy in Commodity GOLDM|28APR26 PE 148500.00 @ 4890 SL 4400 TGT 5870.00

Sumeet Bagadia’s Desk : Book Part Profit @ 232213...Sell in Commodity SILVERMIC|30APR26 @ 234705 SL 236900 TGT 230315.00

India March Manufacturing PMI Revised Slightly Higher India Manufacturing PMI fell to 53.9 in March from 56.9 in February, slightly higher than preliminary estimates of 53.8. This marked the weakest growth in nearly four years, as slower output, weak orders, cost pressures, and Middle East uncertainty weighed on business conditions. -Choice Broking

Sumeet Bagadia’s Desk:Buy GOLDM|28APR26 PE 148500.00 in Commodity @ 4890 SL 4400 TGT 5870.00

Sumeet Bagadia’s Desk:Sell SILVERMIC|30APR26 in Commodity @ 234705 SL 236900 TGT 230315.00

Bullion Update Bullion prices fell as the dollar strengthened after Donald Trump signaled possible escalation in Iran conflict. Rising oil, inflation fears, higher yields, and fading US rate-cut expectations pressured prices. -Choice Broking

Sumeet Bagadia’s Desk : Exit @ 321.7...Sell in Commodity ZINC|30APR26 @ 322 SL 322.9 TGT 320.20

Sumeet Bagadia’s Desk:Sell ZINC|30APR26 in Commodity @ 322 SL 322.9 TGT 320.20

Sumeet Bagadia’s Desk : Stopped Out @ 1152...Sell in Commodity COPPER|30APR26 @ 1150 SL 1152 TGT 1146.00

Dollar Update The dollar index rose near 100 as Donald Trump signaled possible escalation in Iran conflict, supporting the dollar demand. -Choice Broking

Zinc Update Zinc prices fell amid Middle East uncertainty impacting demand outlook. However, Losses were limited by improving activity in China, declining inventories, supply tightness, and slightly output recovery expected from restart of the Boliden and Ivanhoe Mines. -Choice Broking

Sumeet Bagadia’s Desk:Sell COPPER|30APR26 in Commodity @ 1150 SL 1152 TGT 1146.00

Natural Gas Update Natural gas prices rose as Donald Trump warned of escalation in Iran conflict. Gains were limited by warmer US weather, lower demand, and rising inventories, with predicting a shift from a minor surplus in mid-March to a significant surplus by mid-April. -Choice Broking

Copper Update Copper prices fell as Donald Trump warned of possible escalation in Iran dampen global growth outlook. Higher oil prices, supply risks, and rising inventories pressured demand outlook and prices. -Choice Broking

Rupee Update The Indian rupee weakened to 93.2 per dollar amid capital outflows and Iran war tensions. Reserve Bank of India tightened forex rules, while Donald Trump warned of possible escalation. -Choice Broking