Commodities Daily Technical Report

Wednesday| March 06, 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

Disclaimer: The information and opinions contained in the document have been compiled from sources believed to be reliable. The company does not warrant its accuracy, completeness and correctness. The document is not, and should not be construed as an offer to sell or solicitation to buy any commodities. This document may not be reproduced, distributed or published, in whole or in part, by any recipient hereof for any purpose without prior permission from “Angel Commodities Brok ing (P) Ltd”. Your feedback is appreciated on commodities@angelbroking.com

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Commodities Daily Technical Report
Wednesday| March 06, 2013

Agricultural Commodities
Technical Levels
Commodity Exchange NCDEX NCDEX NCDEX NCDEX NCDEX MCX Contract April April April April April March Trend Sideways Down Up Sideways Down Down S2 12830 33900 6034 6480 6285 870 S1 12930 34300 6088 6550 6360 880 LTP 13032.50 34715 6132 6618 6414 891.40 R1 13180 35300 6200 6700 6470 914 R2 13330 35870 6260 6760 6520 925

Spice Complex
Jeera Pepper Turmeric Chilli Coriander Cardamom

Oil Complex
Soybean Mustard Seed Ref Soy Oil CPO Castor seed NCDEX NCDEX NCDEX MCX NCDEX April April April March April Up Up Up Down Down 3320 3340 670 455 3700 3355 3375 675 457 3730 3384.50 3409 681.50 458.60 3755 3420 3430 688 461 3790 3450 3450 692 463 3820

Others
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 April April March April July April April April March March Sideways Sideways Up Sideways Up Up Sideways Sideways Up Sideways Sideways 3270 3035 950 18120 1470 1282 1385 1287 1375 1220 774 3290 3050 962 18270 1485 1288 1395 1295 1385 1235 785 3319 3063 972.50 18410 1505 1295 1403 1303 1397.50 1247.20 792.30 3330 3080 980 18510 1515 1300 1410 1310 1405 1265 802 3350 3095 990 18590 1525 1306 1420 1320 1415 1280 808

Recommendations MCX Cardamom March Contract

NCDEX Kapas April Contract

On the daily chart, price is trading below 20 EMA and MACD is negative. Price gapped lower with same Open=High, and closed at contract low with same Close=Low making long black candle, indicating bearishness. Intraday Strategy: Sell MCX Cardamom March between 900-906, SL – 935, Target - 855

On the daily chart, price bounced off taking support at 20 EMA. MACD is also positive. Intraday Strategy: Buy NCDEX Kapas April between 966-970, SL – 946, Target - 1000

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