Commodities Daily Technical Report

Thursday| April 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

Thursday| April 04, 2013

Agricultural Commodities
Technical Levels
Commodity Exchange NCDEX NCDEX NCDEX NCDEX NCDEX MCX Contract April April April April April April Trend Up Down Sideways Sideways Up Down S2 12980 35260 6340 6240 6895 860 S1 13050 35450 6420 6310 6960 870 LTP 13102.50 35665 6494 6382 7019 881.60 R1 13200 35880 6620 6500 7110 890 R2 13270 36130 6730 6610 7175 900

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 April April Up Up Up Up Down 3700 3420 692 457 3455 3750 3440 698 459 3500 3782 3458 704.70 461.70 3538 3850 3475 710 464 3595 3900 3500 715 466 3640

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 April April July April April April April April Sideways Up Sideways Sideways Down Up Up Sideways Up Sideways Sideways 3370 2925 920 19110 1485 1318 1370 1240 1310 990 975 3390 2940 930 19190 1500 1323 1380 1255 1330 1005 988 3412 2946 939 19240 1515 1328 1395 1279 1345 1026.40 999.90 3450 2955 950 19360 1535 1331 1400 1290 1360 1045 1015 3480 2970 960 19440 1550 1335 1410 1300 1375 1065 1030

Recommendations NCDEX Barley April Contract

MCX CPO April Contract

On the daily chart, price bounced making a long white candle engulfing previous 3 days range. This was accompanied with oversold RSI which is now rising. Intraday Strategy: Buy NCDEX Barley April between 1330-1335, SL 1305, Target 1370 / 1375

On the daily chart, price closed above 20 EMA and MACD is also positive indicating bullish market sentiments. Intraday Strategy: Buy MCX CPO April between 461-461.50, SL 458, Target 466

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