Commodities Daily Technical Report

Tuesday | January 15, 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 Broking (P) Ltd. Your feedback is appreciated on commodities@angelbroking.com

www.angelcommodities.com

Commodities Daily Technical Report

Tuesday | January 15, 2013

Agricultural Commodities
Technical Levels
Commodity Exchange NCDEX NCDEX NCDEX NCDEX NCDEX MCX Contract March Feb April March April Feb Trend Down Up Up Up Up Up S2 13330 35440 6480 6500 7140 1015 S1 13490 35770 6580 6580 7240 1025 LTP 13645 36030 6638 6666 7338 1031.60 R1 13800 36370 6730 6720 7440 1040 R2 14000 36650 6820 6800 7540 1050

Spice Complex
Jeera Pepper Turmeric Chilli Coriander Cardamom

Soybean Mustard Seed Ref Soy Oil CPO Castor seed

NCDEX NCDEX NCDEX MCX NCDEX

Feb April Feb Jan Feb

Sideways Sideways Up Down Sideways

3100 3400 698 421 3660

3140 3430 702 424.50 3700

3166.50 3457 706.15 428.40 3744

3190 3485 709 433 3775

3235 3515 712 438 3810

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 Feb April Jan Feb March Feb Feb April Jan Mar

Down Up Down Down Down Up Sideways Up Up Down Up

3450 3245 900 16160 1355 1080 1440 1395 1460 1360 835

3470 3255 910 16220 1362 1090 1450 1410 1486 1370 850

3490 3267 916.50 16250 1369 1098 1460 1426 1514.50 1387 859.70

3510 3275 925 16320 1380 1105 1465 1435 1530 1395 875

3530 3285 935 16370 1390 1110 1475 1450 1550 1415 885

Recommendations NCDEX CHANA April Contract

Recommendations MCX CPO Jan Contract

On the daily chart, after making a DOJI 2 sessions back, price stalled for a day and continued trending lower breaking the low of DOJI. Price trading below 20 EMA and MACD negative. Intraday Strategy: Sell NCDEX CHANA April between 3500-3505, SL 3555, Target 3430

On the daily chart, price is trading below 20 EMA and MACD turned negative. Additionally, price completed a small 15 days Head & Shoulder pattern closing below the neckline just at the last hour of todays session. Intraday Strategy: Sell MCX CPO Jan between 431-432, SL 438, Target 423

www.angelcommodities.com