Commodities Daily Technical Report

Wednesday| October 31, 2012

Agricultural Commodities

Content
Technical Levels Strategy/Recommendations

Anuj Choudhary Research Analyst

anuj.choudhary@angelbroking.com
(022) 2921 2000 Extn. 6132

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

Wednesday| October 31, 2012

Agricultural Commodities
Technical Levels
Commodity Exchange Contract Trend S2 S1 LTP R1 R2

Spice Complex
Jeera Pepper Turmeric Chilli Coriander Cardamom NCDEX NCDEX NCDEX NCDEX NCDEX MCX Nov Nov Nov Nov Nov Nov Down Up Sideways Sideways Down Down 14020 43850 4970 4880 4300 798 14150 44050 5026 4925 4355 809 14300 44295 5082 4970 4402 821.10 14440 44570 5150 5010 4450 831 14580 44850 5210 5055 4495 843

Oilseed Complex
Soybean Mustard Seed Ref Soy Oil CPO Castor seed NCDEX NCDEX NCDEX MCX NCDEX Nov Nov Nov Nov Nov Sideways Sideways Down Down Sideways 3145 4170 676 424 3610 3205 4205 682 430 3640 3250.50 4243 687.70 436.20 3687 3300 4275 695 440 3715 3345 4310 701 445 3740

Others
Chana Sugar Kapas Kapas Cotton Cotton Oilseed Cake Gur Wheat Maize Barley Mentha Potato NCDEX NCDEX NCDEX MCX MCX NCDEX NCDEX NCDEX NCDEX NCDEX MCX MCX Nov Nov April 2013 April 2013 Nov Dec Nov Nov Nov Nov Nov Mar Sideways Up Sideways Sideways Sideways Up Sideways Sideways Up Sideways Sideways Sideways 4645 3328 980 977 16100 1432 1095 1532 1285 1285 1160 720 4685 3350 991 988 16250 1445 1102 1548 1298 1297 1175 728 4716 3374 1005 1001.80 16440 1460 1108.50 1562 1310 1312 1186.20 735.10 4760 3398 1014 1010 16620 1478 1118 1575 1328 1328 1198 742 4805 3425 1028 1024 16740 1492 1126 1588 1345 1340 1210 747

Recommendations
Jeera NCDEX November Contract

Recommendations
Chana NCDEX November Contract

On the daily Chart, Jeera prices closed below its 10 & 20 day EMA (Exponential Moving Average) which indicates bearish market sentiments. MACD is in the negative territory, which indicates further downside. Intraday Strategy: Sell NCDEX November Jeera between 14415-14435, SL-14600, Target- 14160/14020.

On the hourly Chart, Chana prices closed below its 10 & 20 day EMA (Exponential Moving Average) which indicates bearish market sentiments. MACD is in the negative territory, which indicates further downside. Intraday Strategy: Sell NCDEX November Chana between 4755-4760, SL-4808, Target- 4690/4645.

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