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Commodities Daily Technical Report

Thursday| March 07, 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

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Commodities Daily Technical Report


Thursday| March 07, 2013

Agricultural Commodities
Technical Levels
Commodity Exchange NCDEX NCDEX NCDEX NCDEX NCDEX MCX Contract April April April April April March Trend Sideways Down Up Up Up Down S2 12760 33870 6230 6730 6345 845 S1 12860 34180 6300 6800 6455 855 LTP 12945 34510 6378 6884 6581 864.10 R1 13080 34860 6460 6960 6645 875 R2 13200 35220 6530 7040 6720 890

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 March April Up Sideways Down Down Down 3335 3350 666 448 3700 3375 3370 670 452 3730 3418 3386 674.60 456.30 3754 3450 3415 682 461 3800 3485 3445 686 465 3840

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 March April July April April April March March Down Down Down Sideways Sideways Up Up Up Sideways Sideways Sideways 3280 3020 935 18310 1464 1306 1380 1290 1360 1225 783 3295 3035 945 18380 1474 1320 1400 1300 1375 1240 789 3310 3050 957.50 18410 1484 1331.50 1419 1310 1385 1252.70 794.60 3330 3075 975 18500 1500 1344 1430 1315 1395 1270 801 3350 3095 988 18630 1515 1358 1445 1325 1410 1290 806

Recommendations NCDEX Wheat April Contract

NCDEX Ref Soya Oil April Contract

On the daily chart, price closed above 20 EMA. Additionally, price completed a morning star pattern indicating bullishness. Intraday Strategy: Buy NCDEX Wheat between 1410-1415, SL - 1394, Target - 1440

On the daily chart, price took resistance at 20 EMA making a long black candle engulfing yesterdays range indicating bearishness. Intraday Strategy: Sell NCDEX Ref Soya Oil April between 678-679, SL 685, Target - 669

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