Commodities Daily Technical Report

Monday| April 22, 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

Monday| April 22, 2013

Agricultural Commodities
Technical Levels
Commodity Exchange NCDEX NCDEX NCDEX NCDEX NCDEX MCX Contract May May May June May May Trend Down Up Down Down Down Sideways S2 12800 34800 6360 6330 6720 740 S1 12920 35200 6460 6390 6800 750 LTP 13092.50 35500 6572 6440 6871 768 R1 13300 35800 6640 6510 6970 780 R2 13520 36100 6750 6570 7070 790

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 3750 3420 700 458 3315 3790 3445 703.50 460 3350 3819.50 3495 705.65 461.30 3390 3875 3515 708 464 3445 3925 3560 710.50 466 3505

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 May May April May Sideways Sideways Down Down Down Up Up Down Up Down Sideways 3545 2900 810 17200 1395 1280 1425 1135 1310 960 1010 3570 2920 823 17370 1415 1300 1440 1145 1324 980 1018 3595 2939 832 17540 1435 1314.50 1459 1153 1337 998.40 1025.20 3640 2950 850 17800 1455 1330 1470 1165 1350 1015 1035 3680 2965 865 18050 1475 1345 1480 1175 1370 1030 1045

Recommendations NCDEX Jeera May Contract

NCDEX RM Seed May Contract

On the daily chart, price is trading below 20 day EMA and MACD is negative. Additionally, price closed below strong support level (in red) Intraday Strategy: Sell NCDEX Jeera May between 13260-13300, SL 13520, Target - 12920

On the daily chart, price is trading below 20 day EMA and MACD is negative indicating bearishness Intraday Strategy: Sell NCDEX RM Seed May between 3510-3515, SL 3560, Target 3445

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