Choice Commodity Research

Sumeet Bagadia’s Desk:Buy COPPER|23OCT26 PE 1390.00 in Commodity @ 12.56 SL 10.40 TGT 16.88

Sumeet Bagadia’s Desk : Book Part Profit @ 413.75...Sell in Commodity ZINC|30OCT26 @ 414.40 SL 415.20 TGT 412.80

Sumeet Bagadia’s Desk:Sell ZINC|30OCT26 in Commodity @ 414.40 SL 415.20 TGT 412.80

Dollar Update The US dollar index dropped to around 102 from 18-month highs as investors assessed Fed policy following hotter-than-expected September inflation data. Despite inflation warnings, markets price a 73% chance rates remain unchanged this month, with Chair Kevin Warsh's upcoming comments in focus. -Choice Broking

Sumeet Bagadia’s Desk : Stopped Out @ 213001.00...Sell in Commodity SILVERMIC|30NOV26 @ 210850.00 SL 213001.00 TGT 206548.00

Sumeet Bagadia’s Desk : Commodity Insight Stopped out in COPPER OCT.

Sumeet Bagadia’s Desk : Stopped Out @ 1394.00...Buy in Commodity COPPER|30OCT26 @ 1418.00 SL 1394.00 TGT 1460.00

Gold open gap up by +1%, whereas MCX Crude Oil down by -1.8%

Global Market Snapshot Global markets remained under pressure as major equity indices declined, led by the Nikkei 225 (-3.25%) and Nasdaq 100 (-1.05%), while the US dollar index fell 0.54%. Crude oil prices weakened, with WTI down 1.15% and Brent falling 1.53%, while natural gas surged 2.19%. In metals, gold rose 1.50% and silver gained 0.70%, whereas aluminium dropped 1.72% and copper declined 0.73%. Bond yields remained a key market focus amid continued volatility across asset classes.

Sumeet Bagadia’s Desk:Sell SILVERMIC|30NOV26 in Commodity @ 210850.00 SL 213001.00 TGT 206548.00

*Gold declined by -2500 pts, Silver by more than 4%, by -10k pts*

*Copper Update* The International Copper Study Group forecasts a global refined copper surplus of about 96,000 tonnes in 2026 and 377,000 tonnes in 2027. Negative for Copper. Choice Broking

*Bullion Update* US September headline CPI accelerated to its fastest pace since May, driven by higher fuel costs, while core inflation exceeded estimates. Rising inflation pressures household budgets, keeps voters concerned, and strengthens expectations of future Fed rate hikes despite a possible near-term pause. Negative for bullion -Choice Broking

Sumeet Bagadia’s Desk : Book Profit @ 3181.00...Buy in Commodity SILVERM|27OCT26 PE 210000.00 @ 2981.00 SL 2481.00 TGT 3981.00

Sumeet Bagadia’s Desk:Buy SILVERM|27OCT26 PE 210000.00 in Commodity @ 2981.00 SL 2481.00 TGT 3981.00

Bullion update: Bullion extend early losses after September core U.S. CPI comes in higher than expected, pushing up yields and the U.S. dollar.

*US Core CPI m/m* Actual : 0.3% Forecast: 0.2% Prev.: 0.3% Impact : Negative for Bullion *US Core CPI y/y* Actual : 2.6% Forecast: 2.5% Prev.: 2.4% Impact : Negative for Bullion *US CPI m/m* Actual : 0.6% Forecast: 0.6% Prev.: 0.4% Impact : Neutral-to-Negative for Bullion *US Core CPI y/y* Actual : 3.7% Forecast: 3.6% Prev.: 3.4% Impact : Negative for Bullion *- Choice Broking*

Sumeet Bagadia’s Desk : Update on Book Part Profit : Exit at cost in NATURALGAS|23OCT26 PE 310.00

Sumeet Bagadia’s Desk : Stopped Out @ 416.55...Buy in Commodity ZINC|30OCT26 @ 417.45 SL 416.60 TGT 419.15