Commodities Daily Technical Report

Tuesday| April 30, 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

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Commodities Daily Technical Report
Tuesday| April 30, 2013

Agricultural Commodities
Technical Levels
Commodity Exchange NCDEX NCDEX NCDEX NCDEX NCDEX MCX Contract May May May June May May Trend Down Sideways Down Down Up Up S2 12600 34800 6150 6120 6840 783 S1 12700 35050 6270 6200 6920 795 LTP 12807.50 35405 6370 6286 6951 815.30 R1 12950 35500 6480 6350 7055 820 R2 13090 35700 6580 6450 7140 835

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 Down Down Sideways Sideways Down 3758 3400 715 460 3230 3820 3430 718 463 3250 3876.50 3452 721.50 464.70 3282 3930 3480 726 467 3320 4015 3530 731 470 3365

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’14 May May July May May May April May Down Sideways Sideways Up Down Up Sideways Down Down Sideways Down 3350 2900 1025 18020 1360 1284 1455 1120 1315 945 993 3380 2920 1040 18190 1375 1294 1465 1130 1330 960 1001 3409 2938 1051.50 18370 1391 1302 1475 1147 1341.50 971.50 1007.40 3455 2950 1070 18500 1410 1312 1485 1150 1355 990 1019 3505 2970 1090 18630 1430 1322 1500 1165 1370 1002 1028

Recommendations NCDEX Chilli June Contract

NCDEX Maize May Contract

On the daily chart, price is trading below 20 day EMA and MACD is also negative. Price closed below support line (in red) and trading at contract low, indicating bearishness. Intraday Strategy: Sell NCDEX Chilli June between 6340-6360, SL – 6450, Target - 6200

On the daily chart, price is trading below 20 day EMA and MACD is also negative. Price closed below support line (in red) and trading at contract low, indicating bearishness. Intraday Strategy: Sell NCDEX Maize Rabi May between 1150-1155, SL – 1165, Target - 1130

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