Choice Commodity Research

Sumeet Bagadia’s Desk:Sell GUARSEED10|20MAR26 in Commodity @ 5445 SL 5498 TGT 5339.00

Electricity declined by -1.50%, next support @ 3349 - 3318

Sumeet Bagadia’s Desk:Sell SILVERMIC|27FEB26 in Commodity @ 246078 SL 250361 TGT 237512.00

Aluminium Update US President Donald Trump plans to scale back some tariffs on steel and aluminum imports, previously set as high as 50%, according to reports. The administration is now reviewing the list of products affected by the levies, easing duties could increase supply. Impact: Negative For Aluminum -Choice Broking

Currency Update BOJ board member Naoki Tamura signaled Japan may soon meet its inflation target and left rates at 0.75%, while keeping the door open for hikes. Further tightening could strengthen the yen and weigh on the U.S. dollar. -Choice Broking

*Crude Oil Update* Crude oil prices trading steady after declining in the previous session as fears of supply disruptions from Iran eased. The IEA projected weaker global demand growth this year, with supply expected to outpace consumption. Additional pressure came from massive build in U.S. crude inventories and expectations of rising Venezuelan exports, both reinforcing concerns about a potential supply surplus in global markets. -Choice Broking

Sumeet Bagadia’s Desk : Book Part Profit @ 187.75...Sell in Commodity LEAD|27FEB26 @ 188.3 SL 189 TGT 186.90

*Silver Update* Heavy withdrawals from COMEX cut registered silver below 100 million ounces, with over 4.7 million ounces exiting in a day, signaling tighter physical supply while Shanghai Futures Exchange will tighten hedging rules from March 1, requiring proof of physical trade activity. Impact: Positive for Silver -Choice Broking

Precious Metal Update Bullion prices rebounded after a sharp selloff driven by broad market liquidation and risk aversion. Focus shifts to U.S. inflation data and Federal Reserve rate expectations after Strong US nonfarm payroll numbers suggest a labor market resilience while central bank buying, strong inflows into gold and silver ETFs supporting bullion prices. -Choice Broking

Base Metal Update The Trump administration paused key tech restrictions on China before an April Trump–Xi meeting, shelving bans on telecom firms, routers, data-center equipment, and Chinese electric vehicles to ease trade tensions. This move supports China’s rare-earth exports and electronics supply chains. Impact: Positive for Industrial Metal. -Choice Broking

Global Update The U.S. and Taiwan signed a trade pact cutting tariffs to 15% granting broader access for American goods to Taiwan’s market, with Taiwan removing 99% of duties on U.S. goods. The deal supports U.S. autos, beef, and minerals exports, benefiting American producers and boosting Taiwan’s industrial and agricultural imports. Impact: Not major impact on Indian market. -Choice Broking

Copper Update Copper rebounded after a sharp drop in yesterday session, amid volatile metals and broader markets. Forced liquidations weighed on prices, while focus shifts to US inflation data and Federal Reserve policy. China’s seasonal slowdown pressures demand, but supply disruptions and energy transition needs support prices. -Choice Broking

Sumeet Bagadia’s Desk:Sell LEAD|27FEB26 in Commodity @ 188.3 SL 189 TGT 186.90

Gold, Silver, Copper gapped up by ~1%

*Global Update* • Russia is considering reverting to US-dollar settlements in a potential economic partnership with President Donald Trump, focusing on fossil fuels, natural gas, offshore oil, and critical raw materials, according to a 2026 Kremlin memo. • The Consumer Price Index (CPI) is expected to indicate a decrease in headline inflation to 2.5% from 2.7% and core inflation to 2.5% from 2.6%. • Miran at the Federal Reserve Bank of Dallas cautioned that the tightness of monetary policy might be misunderstood, advocating for further interest rate cuts. • President Donald Trump mentioned that negotiations with Iran could last up to a month, decreasing the likelihood of immediate military actions that might affect supply chains. • In China, new home prices have witnessed their largest drop in seven months, indicating ongoing difficulties in stabilizing the property market. • US existing home sales have decreased significantly, marking the steepest fall in four years. • In India, the inflation rate rose to 2.75% in January 2026, surpassing expectations of 2.4% and entering the RBI's tolerance band of 2%-4% for the first time since August of the previous year. -Choice Broking

Crude Oil Prices down by -3.3% next support may seen around 5680

SILVER hit LC with -9%down @245696

*Global Update* Russia is reportedly exploring a return to US-dollar settlements as part of a possible economic partnership with President Donald Trump, per a 2026 Kremlin memo cited by Bloomberg. The plan highlights cooperation in fossil fuels, natural gas, offshore oil, and critical raw materials. Impact: Negative for bullion -Choice Broking

Sumeet Bagadia’s Desk : Stopped Out @ 3437...Buy in Commodity ELECDMBL|27FEB26 @ 3469 SL 3440 TGT 3527.00