Commodities Daily Technical Report

Wednesday| December 26, 2012

Agricultural Commodities

Content
Technical Levels Strategy/Recommendations

Dhanik Shah Sr Technical Analyst

Dhanik.Shah@angelbroking.com (022) 2921 2000 Extn. 6129

Angel Commodities Broking Pvt. Ltd. Registered Office: G-1, Ackruti Trade Centre, Rd. No. 7, MIDC, Andheri (E), Mumbai - 400 093. Corporate Office: 6th Floor, Ackruti Star, MIDC, Andheri (E), Mumbai - 400 093. Tel: (022) 2921 2000 MCX Member ID: 12685 / FMC Regn No: MCX / TCM / CORP / 0037 NCDEX : Member ID 00220 / FMC Regn No: NCDEX / TCM / CORP / 0302

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Commodities Daily Technical Report

Wednesday| December 26, 2012

Agricultural Commodities
Technical Levels
Commodity Exchange NCDEX NCDEX NCDEX NCDEX NCDEX MCX Contract March Feb April March Jan Jan Trend Down Down Down Down Up Up S2 15030 34590 6160 6000 5185 1005 S1 15155 34750 6230 6040 5225 1030 LTP 15275 34920 6294 6082 5257 1045.40 R1 15470 35175 6390 6130 5310 1060 R2 15680 35440 6500 6180 5370 1075

Spice Complex
Jeera Pepper Turmeric Chilli Coriander Cardamom

Soybean Mustard Seed Ref Soy Oil CPO Castor seed

NCDEX NCDEX NCDEX MCX NCDEX

Jan Jan Jan Jan Jan

Down Down Sideways Up Down

3160 4080 684 410 3625

3195 4130 689 413 3685

3229.50 4175 694 415.80 3742

3255 4210 698 420 3800

3315 4275 706 424 3850

Chana Sugar Kapas Cotton Cotton Oilseed Cake Gur Wheat Maize Barley Mentha Potato

NCDEX NCDEX NCDEX MCX NCDEX NCDEX NCDEX NCDEX NCDEX MCX MCX

Jan Jan April Jan Jan Jan Jan Jan Jan Dec Mar

Up Sideways Down Down Down Down Down Down Down Down Up

3985 3240 992 16430 1395 1093 1565 1370 1380 1340 715

4000 3252 1004 16550 1405 1098 1575 1382 1392 1365 725

4025 3263 1016 16680 1419 1104 1585 1390 1405 1390 732.50

4050 3275 1035 16750 1430 1112 1590 1400 1420 1405 740

4080 3285 1055 16870 1455 1120 1600 1410 1440 1435 748

Recommendations KAPAS NCDEX April Contract

Recommendations CPO MCX Jan Contract

On the daily Chart, prices closed below strong resistance of 1020. On hourly chart, prices completed Head & Shoulder pattern piercing neckline at 1020. MACD turned negative indicating bearish market sentiments. Intraday Strategy: Sell NCDEX KAPAS April between 1020-1025, SL 1045, Target 990

On the daily chart, price appears to be trending higher with rising volumes with resistance at 421.50. MACD turned positive and prices took support on 10 day EMA. Upon clearing resistance prices should rally further renewing a fresh rally. Intraday Strategy: Buy MCX CPO Jan above 422, SL 414.50, Target 430

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