Special Technical Report

Thursday | June 13, 2013

Content
Special Technical Report on MCX Cardamom July Strategy / Recommendations

Prepared by

Anuj Gupta – A.V.P - Technical Research Anuj.gupta@angelbroking.com (022) 29212000 Extn. 6137

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 Broking (P) Ltd”. Your feedback is appreciated on commodities@angelbroking.com

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Special Technical Report
Thursday | June 13, 2013

MCX CARDAMOM JULY (CMP: - 746)

As seen in above daily price chart of MCX Cardamom July contract, it is trading in a positive trend from last 4 days and today it has breached the “Inverse Head and Shoulder Pattern” which indicates optimism. • • • Prices are trading above its 5 Days, 20 Days EMA (Exponential Moving Average) which also signals positivity. On the oscillator front, RSI is rising and MACD crossover showing positive divergence indicates bullishness. MCX Cardamom July contract can initially find support around 740 levels and below that strong support is seen at 710 levels. Resistance is seen at 790 levels and above that at 820 levels.

Looking at Inverse Head and Shoulder breakout coupled with oscillators supporting bullishness, we recommend Buy in MCX Cardamom July contract.

Positional Call (2-3 Days) - Buy MCX Cardamom July between 741 - 746, SL - 710, Target - 790 (CMP - 746)

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