Choice Commodity Research

Sumeet Bagadia’s Desk : Update on Book Part Profit : Exit at cost in NATURALGAS|24MAR26 PE 280.00

Sumeet Bagadia’s Desk : Exit @ 741.45...Buy in Commodity CRUDEOILM|17MAR26 PE 8000.00 @ 698.9 SL 471.4 TGT 1153.90

Sumeet Bagadia’s Desk : Book Part Profit @ 19.15...Buy in Commodity NATURALGAS|24MAR26 PE 280.00 @ 17.15 SL 14.7 TGT 22.05

*Sumeet Bagadia's Desk: Commodity Insight:* Buy ZINC - Mar @ 326.75, add on dips till 324.75, for the Target of 340.75, with SL @ 318.75

Sumeet Bagadia’s Desk:Buy ZINC|31MAR26 in Commodity @ 326.75 SL 318.75 TGT 340.75

*Currency Update:* The Indian rupee appreciated to approximately 91.7 per dollar, recovering from its record low due to the Reserve Bank of India's (RBI) actions to stabilize the markets. The currency had dipped below 92 per dollar amid global oil price volatility. The RBI intervened in foreign-exchange markets, selling an estimated $18–$20 billion last week and employing buy-sell swaps to enhance liquidity. However, high energy prices may continue to affect India's trade balance and the rupee. -Choice Broking

Sumeet Bagadia’s Desk:Buy NATURALGAS|24MAR26 PE 280.00 in Commodity @ 17.15 SL 14.7 TGT 22.05

Sumeet Bagadia’s Desk:Buy CRUDEOILM|17MAR26 PE 8000.00 in Commodity @ 698.9 SL 471.4 TGT 1153.90

*Put Ratio Spread* Sumeet Bagadia’s Desk: Buy CRUDEOIL 8300 PE 17-Mar 1 lot @ 868.80 Sell CRUDEOIL 8100 PE 17-Mar 2 lots @740.90 Buy CRUDEOIL 8000 PE 17-Mar 1 lot @ 679 Max loss: 6600 above 8300 (on expiry) Max profit of 13400 at 8100 (on expiry) Max profit of 3400 below 8000 (on expiry) Margin required: 595,250 Risk-Reward : 1 : 2 Breakeven: 8234 (Duration: 1 week)

Put Ratio Spread - CRUDEOIL,Max Profit - 14714.00| Max Loss - 6580.00.Check out details:https://finx.choiceindia.com/research-report/research/option_strategy/report

Sumeet Bagadia’s Desk:Buy SILVERMIC|30APR26 in Commodity @ 282300 SL 278990 TGT 288920.00

Zinc Update Zinc prices trading slightly upside as tight supply and higher power costs lifted refining expenses after Iran threatened energy flows from the Persian Gulf. Consistent output curbs among smelters in Kazakhstan and Japan, further supported prices, alongside demand from electrification and data-center investments. -Choice Broking

*Copper Update* Copper futures rebounded as the US Dollar Index retreated and Chinese buyers stepped in after Chinese spot premiums rose for a fifth consecutive session boosting demand from construction and renewable sectors. Concerns over tightening concentrate supply and falling smelting charges also supported prices. -Choice Broking

*Crude Oil Update* Crude futures declined after US President Donald Trump signaled the conflict with Iran may soon end and proposed easing oil sanctions while deploying the United States Navy to escort tankers through the Strait of Hormuz. Meanwhile, G7 ministers indicated readiness to release strategic reserves, easing supply fears. -Choice Broking

Natural Gas Update Natural gas futures declined as fears of prolonged supply disruptions eased. G-7 finance ministers signaled readiness to release strategic oil reserves, while President Donald Trump suggested the conflict may be nearing an end. In addition, forecasts of warmer-than-normal temperatures across much of the U.S. expected to curb heating demand, However, risks persist as the world’s largest LNG export hub remains offline and the Strait of Hormuz is still closed. -Choice Broking

*Bullion Update* Bullon prices rose as the US dollar weakened after signs the Iran war may end soon. Donald Trump said operations are nearing completion and oil sanctions may ease, with deploying naval escorts in the Strait of Hormuz. while markets now await upcoming US inflation data for further direction. -Choice Broking

*CH USD-Denominated Trade Balance* Actual: 213.6B Forecast: 177.4B Prev.: 114.1B Impact : Positive for Base metals *CH Trade Balance* Actual : 1503B Forecast : 1250B Prev.: 809B Impact : Positive for Base metals

Crude Oil gapped down, at LC of 6% @ 8261