Commodities Daily Technical Report

Saturday| May 04, 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

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Commodities Daily Technical Report

Saturday| May 04, 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 Down Sideways S2 12700 35300 6150 5900 6550 740 S1 12780 35500 6220 5980 6640 750 LTP 12862.50 35690 6294 6068 6737 765.30 R1 12940 35800 6410 6150 6800 780 R2 13020 36000 6510 6260 6870 792

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 May May Up Down Sideways Sideways Sideways 3860 3375 712 449 3230 3910 3390 715 452 3275 3950.50 3415 719.10 454.70 3333 3990 3435 722 458 3360 4020 3455 725 461 3400

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 April14 May May July May May May May May Down Sideways Down Sideways Up Down Sideways Sideways Down Down Down 3385 2900 1020 17890 1395 1280 1465 1125 1330 880 965 3410 2920 1030 18040 1415 1286 1475 1135 1340 893 970 3445 2930 1044.50 18200 1434 1292 1487 1150 1349.50 904 998.50 3470 2945 1055 18310 1450 1298 1495 1160 1360 915 992 3500 2960 1065 18420 1465 1304 1505 1175 1370 933 1005

Recommendations NCDEX Chilli June Contract

MCX Mentha May Contract

On the daily chart, price is trading below 20 EMA and is trading at contract low. RSI is also declining with falling prices, indicating bearishness. Intraday Strategy: Sell NCDEX Chilli June between 6140-6160, SL 6260, Target - 5980

On the daily chart, price trading below 20 EMA with an Open = High and trading at contract low. MACD is negative. Intraday Strategy: Sell MCX Mentha May between 915-919, SL 933, Target - 893

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