Commodities Daily Technical Report

Saturday| March 23, 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

Saturday| March 23, 2013

Agricultural Commodities
Technical Levels
Commodity Exchange NCDEX NCDEX NCDEX NCDEX NCDEX MCX Contract April April April April April April Trend Down Sideways Sideways Down Down Sideways S2 12960 35450 6420 6670 6570 870 S1 13030 35770 6520 6710 6625 880 LTP 13100 36000 6616 6768 6681 893.20 R1 13180 36400 6700 6830 6720 900 R2 13270 36720 6790 6900 6770 910

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 Up Up 3560 3440 678 452 3575 3585 3460 681 456 3620 3599 3473 683.15 460.70 3670 3640 3500 688 464 3700 3670 3525 691 467 3730

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 April Up Down Down Down Down Up Up Up Up Up Sideways 3400 2925 920 18340 1450 1303 1420 1310 1370 1135 875 3420 2940 935 18450 1462 1312 1430 1320 1380 1155 886 3438 2963 943.50 18560 1479 1321 1434 1332 1389 1166.10 899.80 3450 2980 960 18710 1490 1328 1445 1340 1400 1190 907 3470 3000 975 18860 1500 1335 1455 1350 1410 1210 917

Recommendations NCDEX Soybean April Contract

NCDEX Kapas April Contract

On the daily chart, price made a contract high with a long white candle. Price is trading above 20 EMA and MACD is also positive. Intraday Strategy: Buy NCDEX Soybean April between 3585-3590, SL - 3545, Target - 3650

On the daily chart, price gapped down making open=high piercing through trend line (in red) closing below it. MACD . Price trading below 20 EMA and MACD is negative. Intraday Strategy: Sell NCDEX Kapas April between 952-955, SL 970, Target - 930

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