Choice Commodity Research

Sumeet Bagadia’s Desk:Buy GOLDM|26MAR26 CE 140000.00 in Commodity @ 1930 SL 1668.5 TGT 2453.00

Sumeet Bagadia’s Desk:Buy NATURALGAS|26MAR26 in Commodity @ 290.8 SL 287.7 TGT 297.00

Sumeet Bagadia’s Desk : Book Part Profit @ 220172...Buy in Commodity SILVERMIC|30APR26 @ 218044 SL 215940 TGT 222252.00

Sumeet Bagadia’s Desk:Buy SILVERMIC|30APR26 in Commodity @ 218044 SL 215940 TGT 222252.00

Rupee Update Indian rupee trading at 93 level, pressured by high oil prices and Middle East tensions. The US-Iran standoff over the Strait of Hormuz intensified, keeping sentiment fragile, despite intervention hopes, as markets await PMI data insight amid ongoing uncertainty. -Choice Broking

Bullion Update Bullion prices fell as Middle East tensions stoked inflation fears and rate-hike bets. Trump warned Iran over the Strait of Hormuz, Tehran threatened retaliation, while the Fed, ECB, BOE and BOJ signaled action if inflation persists. -Choice Broking

Copper Update Copper futures fell about 2.2% as prolonged Middle East tensions fueled inflation and growth concerns, weakening demand. Hawkish central bank signals reduced rate-cut bets, though lower prices triggered some buying interest from Chinese fabricators, offering limited support. -Choice Broking

Crude Oil Update Crude Oil prices rose as Middle East tensions threatened energy supplies. Trump warned Iran to reopen the Strait of Hormuz within 48 hours or face strikes, while Iran vowed retaliation despite, IEA signaled possible stock releases amid persistent conflict. -Choice Broking

Silver hit LC of 6% @ 213,166, next support @ 210,000

Gold gapped down by -4.50%, Silver by -5.60%

Comex Gold down by -3%, Silver by -4% NYMEX Crude oil up by +1%

🌍 Global Market Highlights • 💱 The rupee declined by 82 paise (nearly 1%) to a record low of 93.71, influenced by foreign fund outflows and rising crude oil prices due to geopolitical tensions. • 💵 The dollar index remained above 99.5, bolstered by safe-haven demand amid Middle Eastern unrest. • 📈 The US 10-year Treasury note reached approximately 4.4%, representing eight-month highs. • ⚔️ The ongoing US-Israel conflict with Iran continues without signs of resolution; a US ultimatum threatened strikes on Iran's energy infrastructure. • 🚨 Iran's foreign minister warned of retaliatory actions targeting infrastructure of Israel, the US, and Gulf nations. • 🚢 Iran's Revolutionary Guards announced the complete closure of the Strait of Hormuz. • ⛔ The closure will remain in effect until the rebuilding of destroyed power plants is completed. • 🛢️ The IEA reported a significant shock to the global oil market, despite emergency reserves being released and US initiatives to sell Russian and Iranian oil. • 🇬🇧 British Prime Minister Keir Starmer will lead an emergency meeting regarding the economic impact of the Iran war, involving key financial leaders. • 💴 The Japanese yen approached 159.5 per dollar, nearing a level that could prompt market intervention. • 🏦 BOJ board member Hajime Takata suggested a 25 basis point rate hike to 1%, while Governor Kazuo Ueda indicated a rate increase could be considered if the economic slowdown is temporary. -Choice Broking

Sumeet Bagadia’s Desk : Stopped Out @ 233500...Sell in Commodity SILVERMIC|30APR26 @ 229094 SL 233500 TGT 220282.00

Sumeet Bagadia’s Desk : Stopped Out @ 4319...Sell in Commodity ELECDMBL|30MAR26 @ 4255 SL 4306 TGT 4153.00

Sumeet Bagadia’s Desk:Sell SILVERMIC|30APR26 in Commodity @ 229094 SL 233500 TGT 220282.00

Sumeet Bagadia’s Desk : Update on Book Part Profit : Exit at cost in GOLDM|26MAR26 PE 146000.00

Sumeet Bagadia’s Desk : Book Part Profit @ 2710.5...Buy in Commodity GOLDM|26MAR26 PE 146000.00 @ 2456 SL 2110 TGT 3148.00