Commodities Daily Technical Report

Tuesday| December 4, 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
Tuesday| December 4, 2012

Agricultural Commodities
Technical Levels
Commodity Exchange NCDEX NCDEX NCDEX NCDEX NCDEX MCX Contract March Feb April March Jan Jan Trend Down Sideways Up Down Up Down S2 14700 33400 5340 6030 4980 1010 S1 14850 33880 5430 6180 5030 1025 LTP 14997.50 34375 5514 6314 5171 1045.10 R1 15160 34900 5570 6550 5270 1075 R2 15310 35400 5620 6750 5340 1105

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 Sideway Down Down

3100 4110 689 418 3495

3145 4150 699 422 3520

3177.50 4181 707.60 426.10 3549

3215 4225 716 432 3585

3240 4260 723 438 3615

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 Down Down Sideways Sideways Up Up Down Down Up Down

3920 3265 950 16300 1390 1090 1575 1390 1420 1375 717

3975 3280 960 16350 1399 1100 1585 1410 1440 1385 719

4032 3296 969 16420 1409 1108 1596 1434 1461 1399.70 722.30

4065 3315 980 16510 1420 1115 1605 1455 1490 1415 727

4105 3330 990 16600 1430 1125 1610 1470 1515 1430 730

Recommendations RM Seed NCDEX Jan Contract

Recommendations Mentha MCX Jan Contract

On the daily Chart, prices are trading below 20 day EMA (Exponential Moving Average) which indicates bearish market sentiments, also price action forming a descending triangle. A break below neckline will trigger a new momentum on the downside. Intraday Strategy: Sell NCDEX RM Seed Jan between 4215-4220, SL 4277, Target 4130 / 4110

On the daily Chart, prices are trading above 20 day EMA (Exponential Moving Average) and MACD positive and rising indicating bullish sentiment.

Intraday Strategy: Buy MCX Mentha Jan between 1381-1383, SL 1360, Target 1415 / 1420

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