Commodities Daily Technical Report

Tuesday| March 12, 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

Tuesday| March 12, 2013

Agricultural Commodities
Technical Levels
Commodity Exchange NCDEX NCDEX NCDEX NCDEX NCDEX MCX Contract April April April April April April Trend Up Sideways Sideways Up Sideways Down S2 13010 33870 6480 6670 6375 885 S1 13110 34330 6550 6730 6455 900 LTP 13205 34855 6622 6784 6539 919.10 R1 13290 35120 6750 6840 6600 930 R2 13370 35440 6870 6890 6665 950

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 Down Down Sideways 3505 3435 672 453 3730 3530 3465 675 455 3750 3560 3497 678.25 457 3770 3590 3525 684 458 3805 3625 3555 688 461 3835

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 March Sideways Down Sideways Sideways Up Up Sideways Up Up Down Up 3340 3050 950 18250 1495 1300 1390 1310 1380 1180 778 3355 3060 960 18370 1510 1310 1400 1320 1400 1195 790 3372 3073 965 18510 1523 1323 1422 1332 1411.50 1221.10 805 3390 3090 980 18730 1535 1337 1430 1335 1420 1240 811 3410 3115 990 18960 1545 1350 1435 1345 1430 1255 820

Recommendations NCDEX Barley April Contract

MCX Mentha March Oil April Contract

On the daily chart, price closed above 20 EMA and MACD is positive indicating bullishness. Intraday Strategy: Buy NCDEX Barley April between 1400-1405, SL 1365, Target - 1455

On the daily chart, price is trading below 20 EMA and MACD is negative. After a brief consolidation price closed below support indicating further downside. Intraday Strategy: Sell MCX Mentha Oil March between 1224-1226, SL 1246, Target - 1195

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