Commodities Daily Technical Report

Wednesday| January 02, 2013

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| January 02, 2013

Agricultural Commodities
Technical Levels
Commodity Exchange NCDEX NCDEX NCDEX NCDEX NCDEX MCX Contract March Feb April March Jan Jan Trend Up Down Up Up Up Up S2 14480 33640 6510 6110 5425 1022 S1 14620 33900 6620 6180 5490 1028 LTP 14780 34175 6724 6250 5528 1032.80 R1 14875 34360 6840 6280 5620 1036 R2 14990 34580 6960 6330 5690 1040

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 Up Down Up Up

3170 4135 694 431 3630

3195 4180 696 435 3665

3221.50 4226 700.35 438.20 3689

3240 4255 705 441 3720

3260 4290 710 445 3760

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 Jan Mar

Down Up Up Sideways Sideways Down Sideways Sideways Sideways Up Up

3830 3210 975 16450 1365 1080 1580 1350 1325 1420 745

3855 3230 985 16530 1375 1087 1585 1360 1345 1435 755

3878 3248 993.50 16660 1386 1092.50 1593 1368 1362 1453.10 763.30

3910 3270 1000 16680 1392 1099 1600 1380 1370 1460 770

3940 3290 1010 16750 1405 1105 1610 1395 1385 1470 780

Recommendations CHILLIGTR NCDEX Jan Contract

Recommendations GUR NCDEX Jan Contract

On the daily chart, price trading above 10 & 20 EMA and MACD flattening. Intraday Strategy: Buy NCDEX CHILLIGTR Jan between 6180-6190, SL 6080, Target 6340

On the daily chart, price action completed 6 weeks head & shoulder pattern closing below the neckline and a small 8 day descending triangle completing the pattern on right shoulder. Additionally, prices trading below 10 & 20 EMA and MACD negative. Intraday Strategy: Sell NCDEX GUR Jan between 1096-1099, SL 1115, Target 1070

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