Choice Commodity Research

US Flash Manufacturing PMI Actual : 52.4 Forecast: 51.5 Prev.: 51.6 Impact : Negative for Bullion US Flash Services PMI Actual : 51.1 Forecast: 52.0 Prev.: 51.7 Impact :Positive for Bullion

Sumeet Bagadia’s Desk:Sell SILVERMIC|30APR26 in Commodity @ 224390 SL 227500 TGT 218170.00

Sumeet Bagadia’s Desk:Buy NATURALGAS|23APR26 PE 270.00 in Commodity @ 19.6 SL 17.9 TGT 23.00

Sumeet Bagadia’s Desk : Stopped Out @ 272.5...Buy in Commodity NATGASMINI|26MAR26 @ 277.3 SL 272.5 TGT 286.90

Sumeet Bagadia’s Desk : Stopped Out @ 8660...Sell in Commodity CRUDEOILM|20APR26 @ 8452 SL 8660 TGT 8036.00

ADP Weekly Employment Change Actual : 10.0K Prev.: 9.0K Impact : Negative for Bullion

Crude Oil Update Japan will start releasing around 53mn bl, of its national crude oil reserves on 26 March, as part of a planned release totaling around 80mn bl, including privately held oil reserves. -Choice Broking

Sumeet Bagadia’s Desk : Stopped Out @ 2283.5...Buy in Commodity GOLDM|26MAR26 CE 141000.00 @ 2703 SL 2300 TGT 3509.00

Sumeet Bagadia’s Desk:Sell CRUDEOILM|20APR26 in Commodity @ 8452 SL 8660 TGT 8036.00

Sumeet Bagadia’s Desk:Buy GOLDM|26MAR26 CE 141000.00 in Commodity @ 2703 SL 2300 TGT 3509.00

Global Update Iran unlikely to agree to US demands, Israeli officials tell Reuters. -Choice Broking

Global Update Iran’s Foreign Minister Abbas Araghchi signaled readiness to move toward a deal in a phone call with US envoy Steve Witkoff. -Choice Broking

Sumeet Bagadia’s Desk : Target Achieved @ 1113.25...Buy in Commodity COPPER|31MAR26 @ 1109.15 SL 1107.15 TGT 1113.15

Sumeet Bagadia’s Desk:Buy COPPER|31MAR26 in Commodity @ 1109.15 SL 1107.15 TGT 1113.15

Sumeet Bagadia’s Desk : Stopped Out @ 224155...Sell in Commodity SILVERMIC|30APR26 @ 220397 SL 224101 TGT 212989.00

India Economic Data India Manufacturing Growth Hits 4½-Year Low, fell to 53.8 in March 2026 from 56.9 in February, exceeding expectations for a slight easing to 56.8, preliminary estimates showed. India Services Growth Slows to 14-Month Low, fell to 57.2 in March 2026 from 58.1 in February, signaling a slower yet still solid expansion in the services sector. Impact: Weak for Rupee. -Choice Broking

Sumeet Bagadia’s Desk : Stopped Out @ 8628...Buy in Commodity CRUDEOIL|20APR26 @ 8662 SL 8628 TGT 8730.00

Sumeet Bagadia’s Desk:Buy NATGASMINI|26MAR26 in Commodity @ 277.3 SL 272.5 TGT 286.90

Global Update European Commission President: We will not absorb China’s export-led growth model, or industrial overcapacity. Impact: Negative for base metal. -Choice Broking