Scribd Logo
Upload

Welcome to Scribd!

  • Daily Agri Tech Report, April 05

    Uploaded by

    Angel Broking
    8 views2 pages
    The daily technical report discusses the commodity markets and provides technical analysis and trading recommendations for various agricultural commodities. It notes that NCDEX Jeera May contract has seen prices rally sharply in the last hour of trading to close above the 20 EMA and MACD is positive, suggesting to buy between 13380-13420 with a stop loss of 13190 and target of 13700. It also recommends buying NCDEX Sugar May contract between 2990-2995 with a stop loss of 2960 and target of 3040 as prices made a Doji pattern on rising volume and MACD turned positive.

    Original Description:

    5th April, 2013

    Copyright

    © Attribution Non-Commercial (BY-NC)

    Available Formats

    PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    The daily technical report discusses the commodity markets and provides technical analysis and trading recommendations for various agricultural commodities. It notes that NCDEX Jeera May contract has seen prices rally sharply in the last hour of trading to close above the 20 EMA and MACD is positive, suggesting to buy between 13380-13420 with a stop loss of 13190 and target of 13700. It also recommends buying NCDEX Sugar May contract between 2990-2995 with a stop loss of 2960 and target of 3040 as prices made a Doji pattern on rising volume and MACD turned positive.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    8 views2 pages

    Daily Agri Tech Report, April 05

    Uploaded by

    Angel Broking
    The daily technical report discusses the commodity markets and provides technical analysis and trading recommendations for various agricultural commodities. It notes that NCDEX Jeera May contract has seen prices rally sharply in the last hour of trading to close above the 20 EMA and MACD is positive, suggesting to buy between 13380-13420 with a stop loss of 13190 and target of 13700. It also recommends buying NCDEX Sugar May contract between 2990-2995 with a stop loss of 2960 and target of 3040 as prices made a Doji pattern on rising volume and MACD turned positive.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 2

    Commodities Daily Technical Report

    Friday| April 05, 2013

    Agricultural Commodities

    Content
    Technical Levels Strategy/Recommendations

    Dhanik Shah Sr. Technical Analyst


    Dhanik.Shah@angelbroking.com
    (022) 2921 2000 Ext. 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

    www.angelcommodities.com

    Commodities Daily Technical Report


    Friday| April 05, 2013

    Agricultural Commodities
    Technical Levels
    Commodity Exchange NCDEX NCDEX NCDEX NCDEX NCDEX MCX Contract May May May June May April Trend Up Sideways Sideways Sideways Up Down S2 13190 35310 6410 6690 7235 850 S1 13400 35630 6390 6770 7340 860 LTP 13535 35900 6580 6862 7415 872.30 R1 13700 36130 6640 6910 7530 880 R2 13890 36330 6700 6970 7640 890

    Spice Complex
    Jeera Pepper Turmeric Chilli Coriander Cardamom

    Oil Complex
    Soybean Mustard Seed Ref Soy Oil CPO Castor seed NCDEX NCDEX NCDEX MCX NCDEX May May May April May Up Up Up Up Down 3780 3500 689 457 3600 3840 3530 694 461 3620 3892.50 3555 698.65 465.10 3637 3950 3575 704 468 3660 4015 3605 709 471 3685

    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 May May April April May July May April May April April Sideways Up Sideways Sideways Down Up Up Sideways Up Sideways Sideways 3430 2960 920 18990 1530 1321 1370 1250 1355 1000 970 3450 2980 930 19110 1540 1326 1385 1260 1370 1012 982 3473 3008 941.50 19260 1553 1332 1397 1269 1388.50 1022.60 995.70 3495 3030 950 19340 1560 1336 1410 1275 1400 1040 1012 3520 3050 960 19440 1570 1340 1420 1285 1410 1055 1028

    Recommendations NCDEX Jeera May Contract

    NCDEX Sugar May Contract

    On the daily chart, price rallied sharply in last hour of trading session closing above 20 EMA. MACD is also positive indicating bullishness. Price trading at 15 days high. Intraday Strategy: Buy NCDEX Jeera May between 13380-13420, SL 13190, Target - 13700

    On the daily chart, price made a Doji pattern with long lower shadow. Strong buying pushing the prices back up near the opening. This was accompanied with rising volumes. MACD also turned positive. Intraday Strategy: Buy NCDEX Sugar May between 2990-2995, SL 2960, Target - 3040

    www.angelcommodities.com

    You might also like