Commodities Daily Technical Report

Wednesday| May 08, 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

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

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Commodities Daily Technical Report

Wednesday| May 08, 2013

Agricultural Commodities
Technical Levels
Commodity Exchange NCDEX NCDEX NCDEX NCDEX MCX Contract June June June June May Trend Down Down Down Down Sideways S2 12500 5780 5410 6310 730 S1 12620 5850 5490 6380 740 LTP 12795 5932 5568 6438 753.40 R1 12940 6010 5650 6480 765 R2 13150 6090 5730 6540 780

Spice Complex
Jeera Turmeric Chilli Coriander Cardamom

Oil Complex
Soybean Mustard Seed Ref Soy Oil CPO Castor seed NCDEX NCDEX NCDEX MCX NCDEX June June June May June Sideways Down Down Up Down 3840 3390 680 452 3250 3865 3405 683 455 3285 3884.50 3422 686.70 457.20 3315 3915 3445 690 459 3365 3945 3465 694 462 3415

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 June June April14 May June July June June June May May Down Sideways Sideways Sideways Sideways Down Down Down Down Down Up 3410 2920 1020 17700 1400 1254 1480 1110 1330 850 1015 3445 2940 1030 17830 1415 1260 1490 1120 1340 865 1023 3476 2956 1039 17960 1431 1270 1504 1132 1357.50 882.90 1028.90 3500 2970 1050 18050 1455 1276 1510 1140 1370 900 1035 3525 2980 1060 18180 1480 1287 1520 1150 1380 913 1040

Recommendations NCDEX Jeera June Contract

NCDEX GUR July Contract

On the daily chart, price is trading below 20 EMA and MACD is negative. Price is trading at contract low, indicating bearishness Intraday Strategy: Sell NCDEX Jeera June between 12930-12950, SL 13150, Target - 12620

On the daily chart, price is trading below 20 EMA and MACD is negative indicating bearishness Intraday Strategy: Sell NCDEX GUR July between 1274-1278, SL 1287, Target - 1260

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