Choice Commodity Research

Rupee Update The Indian rupee weakened to 93.2 per dollar amid capital outflows and Iran war tensions. Reserve Bank of India tightened forex rules, while Donald Trump warned of possible escalation. -Choice Broking

*PBoC Withdraws Cash from Financial System for 1st Time in a Year* Impact: Negative for Basemetal -Choice Broking

Sumeet Bagadia’s Desk:Sell GOLDTEN|30APR26 in Commodity @ 149595 SL 151830 TGT 145125.00

Sumeet Bagadia’s Desk : Target Achieved @ 1041.6...Buy in Commodity CRUDEOILM|16APR26 CE 9300.00 @ 735 SL 620 TGT 965.00

Highlights From the briefing US President on the ongoing war with Iran. * Trump says conflict winding down - but does not commit to timeline. * Trump said the U.S. had destroyed Iran's navy and air ⁠force, and crippled its ballistic missile and nuclear programs. * He warned that U.S. ​would continue to hit targets in the Islamic Republic over the next two to three ​weeks. * The president briefly addressed those concerns, the recent rise in gasoline prices ​here at home is short-term increase , saying that prices would come back down. -Choice Broking

*Sumeet Bagadia's Desk: Commodity Momentum Pick update:* Target Achieved in ZINC - Apr @ 325.25.

Sumeet Bagadia’s Desk : Target Achieved @ 325.45...Buy in Commodity ZINC|30APR26 @ 312.75 SL 306.5 TGT 325.25

Sumeet Bagadia’s Desk : Target Achieved @ 263.8...Sell in Commodity NATURALGAS|27APR26 @ 269.7 SL 272.6 TGT 263.90

Sumeet Bagadia’s Desk : Book Part Profit @ 355.75...Buy in Commodity ALUMINIUM|30APR26 @ 355 SL 354.3 TGT 356.40

Sumeet Bagadia’s Desk : Exit @ 785...Buy in Commodity CRUDEOIL|16APR26 CE 9500.00 @ 770.2 SL 662 TGT 986.60

Sumeet Bagadia’s Desk : Exit @ 9421...Buy in Commodity CRUDEOILM|20APR26 @ 9379 SL 9167 TGT 9803.00

Sumeet Bagadia’s Desk:Buy ALUMINIUM|30APR26 in Commodity @ 355 SL 354.3 TGT 356.40

Sumeet Bagadia’s Desk : Book Part Profit @ 246340...Buy in Commodity SILVERMIC|30APR26 @ 244650 SL 242590 TGT 248770.00

Sumeet Bagadia’s Desk : Target Achieved @ 5730.5...Buy in Commodity GOLDM|28APR26 CE 151000.00 @ 5170 SL 4890 TGT 5730.00

*Sumeet Bagadia's Desk: Commodity Momentum Pick update:* ZINC - Apr, CMP 322, surged by +3% from our recommened level.

*US Crude Oil Inventories* Actual: 5.5M Forecast: 1.8M Prev.: 6.9M Impact: Negative for Crude oil *US Distillate Inventories* Actual: -2.1M Forecast: -0.1M Prev.: 3.0M Impact: Positive for Crude oil *US Gasoline Inventories* Actual: -0.6M Forecast: -2.5M Prev.: -2.6M Impact: Negative for Crude oil

Long Put Butterfly Sumeet Bagadia’s Desk: Buy CRUDEOIL 9500 PE 16-Apr 1 lot @ 908.20 Sell CRUDEOIL 9000 PE 16-Apr 2 lots @ 630 Buy CRUDEOIL 8500 PE 16-Apr 1 lot @ 414 Max loss: 6220 below 8500 or above 9500 (on expiry) Max profit of 43,780 at 9000 (on expiry) Risk-Reward: 1 : 7 Margin required: 703,103 Breakeven : 8562-9438 (Duration: 2 weeks)

*US Final Manufacturing PMI* Actual: 52.3 Forecast: 52.3 Prev.: 52.4 Impact: Neutral for Base Metals *US ISM Manufacturing PMI* Actual: 52.7 Forecast: 52.3 Prev.: 52.4 Impact: Positive for Base Metals *US ISM Manufacturing Prices* Actual: 78.3 Forecast: 74.0 Prev.: 70.5 Impact: Positive for Base Metals