Choice Commodity Research

*Put Ratio Spread* Sumeet Bagadia’s Desk: Buy NATURALGAS 345 PE 20-Feb 1 lot @ 40.55 Sell NATURALGAS 330 PE 20-Feb 2 lots @ 30.80 Buy NATURALGAS 320 PE 22-Jan 1 lot @ 24.90 Max loss: 4812.50 above 345 (on expiry) Max profit of 13,937.50 at 330 (on expiry) Max profit of 1437.50 below 320 (on expiry) Margin required: Risk-Reward : 1 : 3 Breakeven: 341.20 (Duration: 3 week)

Put Ratio Spread - NATURALGAS,Max Profit - 13937.50| Max Loss - 4812.50.Check out details:https://finx.choiceindia.com/research-report/research/option_strategy/report

Sumeet Bagadia’s Desk : Exit @ 277.90...Buy in Commodity CRUDEOIL|17FEB26 CE 5800.00 @ 272.5 SL 252.5 TGT 312.50

Sumeet Bagadia’s Desk : Book Part Profit @ 25.50...Buy in Commodity NATURALGAS|20FEB26 PE 340.00 @ 36.75 SL 33.75 TGT 42.75

Sumeet Bagadia’s Desk:Buy CRUDEOIL|17FEB26 CE 5800.00 in Commodity @ 272.5 SL 252.5 TGT 312.50

Sumeet Bagadia’s Desk : Update on Book Part Profit : Exit at cost in SILVERMIC|27FEB26

Sumeet Bagadia’s Desk : Book Part Profit @ 387580...Buy in Commodity SILVERMIC|27FEB26 @ 383564 SL 378880 TGT 392932.00

Sumeet Bagadia’s Desk:Buy SILVERMIC|27FEB26 in Commodity @ 383564 SL 378880 TGT 392932.00

Sumeet Bagadia’s Desk:Buy NATURALGAS|20FEB26 PE 320.00 in Commodity @ 23.85 SL 21.85 TGT 27.85

Global Update * US President Donald Trump said that the value of the USD is great when asked whether he thought it had declined too much. His remarks further dragged the DXY lower to its lowest level since February 2022. * Trump added that he will soon announce his pick to serve as head of the U.S. central bank, and predicted interest rates would decline once the new chair takes over. * Trump's tariffs on South Korea and the US government shutdown concerns are likely to keep US Dollar rallies limited. * The US Federal Reserve is widely expected to keep interest rates unchanged. However, markets will be closely focused on the press conference by Fed Chair Jerome Powell, particularly for any comments addressing questions around central bank independence. * Traders quickly pushed odds for a quarter-point rate hike to around 72% at the upcoming February 3 meeting, up from 63% before the CPI release. * The India-EU trade pact will represent a quarter of the world's economy and one-third of global trade, bringing opportunities for the 1.4 billion people of India and the millions of people in Europe.

US CB Consumer Confidence Actual : 84.5 Forecast: 90.6 Prev.: 89.1 Impact : Positive for Bullions US Richmond Manufacturing Index Actual : -6 Forecast : -5 Prev.: -7 Impact : Positive for Bullions

Sumeet Bagadia’s Desk : Stopped Out @ 159900...Buy in Commodity GOLDTEN|30JAN26 @ 160551 SL 159900 TGT 161853.00

Oil Update India's crude oil imports surged to a nine-month high in December 2025, Year-over-year, imports increased by 6.9% from 20.20 million tons in December 2024 signaling robust demand amid rising global oil prices driven by geopolitical tensions and supply disruptions. This uptick, despite a dip in cheaper Russian supplies, underscores refiners' shift to costlier sources, supporting the ongoing crude price rally

Sumeet Bagadia’s Desk : Stopped Out @ 243.8...Buy in Commodity CRUDEOIL|17FEB26 PE 5600.00 @ 263.7 SL 244 TGT 303.10

ADP Weekly Employment Change Actual : 7.8K Prev.: 8.0K Impact : Positive for Bullion

Sumeet Bagadia’s Desk : Stopped Out @ 368966...Sell in Commodity SILVERMIC|27FEB26 @ 366100 SL 368910 TGT 360480.00

Sumeet Bagadia’s Desk:Buy GOLDTEN|30JAN26 in Commodity @ 160551 SL 159900 TGT 161853.00