Commodities Daily Technical Report

Wednesday | January 30, 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 30, 2013

Agricultural Commodities
Technical Levels
Commodity Exchange NCDEX NCDEX NCDEX NCDEX NCDEX MCX Contract March Feb April March April Feb Trend Down Sideways Down Sideways Down Down S2 13220 37100 5920 6700 6575 1044 S1 13290 37480 5960 6750 6700 1052 LTP 13370 37715 6018 6796 6807 1089.60 R1 13425 38180 6070 6850 6885 1070 R2 13490 38630 6110 6900 7000 1082

Spice Complex
Jeera Pepper Turmeric Chilli Coriander Cardamom

Soybean Mustard Seed Ref Soy Oil CPO Castor seed

NCDEX NCDEX NCDEX MCX NCDEX

Feb April Feb Feb Feb

Sideways Down Sideways Sideways Down

3220 3390 720 431 3385

3240 3410 723 434 3435

3255 3423 725.50 440.80 3479

3270 3440 729 441 3515

3300 3460 731 445 3545

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

NCDEX NCDEX NCDEX MCX NCDEX NCDEX NCDEX NCDEX NCDEX MCX MCX

April Feb April Feb Feb March Feb Feb April Feb Mar

Down Down Sideways Up Sideways Up Up Down Down Down Sideways

3505 3177 890 16650 1285 1099 1540 1325 1395 1250 813

3535 3187 898 16720 1293 1106 1550 1337 1403 1265 817

3550 3196 904.50 16810 1300 1110.50 1558 1350 1413.50 1273.50 825.70

3580 3207 908 16940 1307 1117 1567 1360 1425 1290 832

3615 3217 915 17030 1315 1121 1577 1370 1440 1310 840

Recommendations MCX COTTON Feb Contract

Recommendations NCDEX GUR March Contract

On the daily chart, price is trading above 20 EMA and MACD positive. After trading in range for almost 4 weeks, Cotton broke out of range with volumes. Cotton made a long white candle, a bullish signal. Intraday Strategy: Buy NCDEX Cotton Feb between 16770-16810, SL 16600. Target 17070

On the daily chart, price closed above 20 EMA and MACD positive. After trading sideways correcting marginally, price rallied sharply today making long white candle, indicating potential upside. Intraday Strategy: Buy NCDEX GUR 1109-1113, SL 1092, Target 1136

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