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  • Daily Agri Tech Report, March 16

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    Angel Broking
    14 Ansichten2 Seiten
    - The report provides technical analysis on various agricultural commodities traded on the NCDEX and MCX exchanges in India. It identifies support and resistance levels as well as current trends for each commodity. - Recommendations are given to buy NCDEX Jeera April futures, targeting a move to 13650 with a stop loss of 13150, based on price bouncing off support and a positive MACD signal. - A recommendation is also made to sell NCDEX Sugar April futures, with a target of 3005 and stop loss of 3078, as price closed below key support levels and the 20-day exponential moving average.

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    16th March, 2013

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    - The report provides technical analysis on various agricultural commodities traded on the NCDEX and MCX exchanges in India. It identifies support and resistance levels as well as current trends for each commodity. - Recommendations are given to buy NCDEX Jeera April futures, targeting a move to 13650 with a stop loss of 13150, based on price bouncing off support and a positive MACD signal. - A recommendation is also made to sell NCDEX Sugar April futures, with a target of 3005 and stop loss of 3078, as price closed below key support levels and the 20-day exponential moving average.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Als PDF, TXT herunterladen oder online auf Scribd lesen
    Markieren Sie unangemessene Inhalte
    14 Ansichten2 Seiten

    Daily Agri Tech Report, March 16

    Hochgeladen von

    Angel Broking
    - The report provides technical analysis on various agricultural commodities traded on the NCDEX and MCX exchanges in India. It identifies support and resistance levels as well as current trends for each commodity. - Recommendations are given to buy NCDEX Jeera April futures, targeting a move to 13650 with a stop loss of 13150, based on price bouncing off support and a positive MACD signal. - A recommendation is also made to sell NCDEX Sugar April futures, with a target of 3005 and stop loss of 3078, as price closed below key support levels and the 20-day exponential moving average.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Als PDF, TXT herunterladen oder online auf Scribd lesen
    Markieren Sie unangemessene Inhalte
    von 2

    Commodities Daily Technical Report

    Saturday| March 16, 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

    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


    Saturday| March 16, 2013

    Agricultural Commodities
    Technical Levels
    Commodity Exchange NCDEX NCDEX NCDEX NCDEX NCDEX MCX Contract April April April April April April Trend Up Up Sideways Sideways Up Down S2 13060 35610 6730 6700 6465 890 S1 13250 35920 6830 6740 6565 900 LTP 13460 36175 6930 6796 6670 914.30 R1 13580 36480 7080 6850 6750 920 R2 13710 36720 7200 6920 6830 930

    Spice Complex
    Jeera Pepper Turmeric Chilli Coriander Cardamom

    Soybean Mustard Seed Ref Soy Oil CPO Castor seed

    NCDEX NCDEX NCDEX MCX NCDEX

    April April April March April

    Sideways Up Sideways Sideways Down

    3460 3450 667 451 3600

    3480 3462 672 453 3630

    3503.50 3477 679 455.90 3667

    3520 3487 682 458 3680

    3540 3500 686 461 3705

    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 April

    Up Down Up Up Up Sideways Sideways Down Down Down Sideways

    3360 3000 985 18950 1515 1295 1405 1285 1265 1175 794

    3380 3015 992 19040 1525 1300 1415 1295 1375 1190 810

    3402 3031 1002 19100 1534 1310.50 1428 1303 1385.50 817.20 1203.20

    3420 3055 1010 19240 1540 1319 1430 1310 1395 1220 835

    3440 3075 1020 19330 1550 1328 1440 1320 1405 1235 855

    Recommendations NCDEX Jeera April Contract

    NCDEX Sugar April Contract

    On the daily chart, price bounced taking support at 20 EMA and MACD is also positive. Price made its highest close in past 20 days. Intraday Strategy: Buy NCDEX Jeera April between 13340-13360, SL 13150, Target - 13650

    On the daily chart, price is trading below 20 EMA. After closing below the trend line, price gave a follow through in yesterdays session by closing weak . Intraday Strategy: Sell NCDEX Sugar April between 3045-3050, SL 3078, Target - 3005

    www.angelcommodities.com

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