Commodities Daily Technical Report

Thursday | January 17, 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

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Commodities Daily Technical Report

Thursday | January 17, 2013

Agricultural Commodities
Technical Levels
Commodity Exchange NCDEX NCDEX NCDEX NCDEX NCDEX MCX Contract March Feb April March April Feb Trend Up Up Sideways Sideways Down Sideways S2 13540 36320 6420 6380 6660 1015 S1 13720 36720 6500 6450 6830 1023 LTP 13902.50 37230 6562 6508 6930 1030.50 R1 14000 37540 6670 6600 7060 1040 R2 14200 37960 6760 6670 7200 1050

Spice Complex
Jeera Pepper Turmeric Chilli Coriander Cardamom

Oil Complex
Soybean Mustard Seed Ref Soy Oil CPO Castor seed NCDEX NCDEX NCDEX MCX NCDEX Feb April Feb Jan Feb Up Down Up Up Down 3180 3390 705 429 3620 3200 3410 711 434 3650 3222.50 3434 716 439 3684 3250 3460 720 444 3705 3270 3495 725 450 3735

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 Feb April Jan Feb March Feb Feb April Jan Mar Sideways Down Sideways Sideways Sideways Up Sideways Up Sideways Down Down 3450 3240 905 16250 1360 1095 1460 1420 1470 1300 790 3470 3248 915 16290 1368 1102 1470 1430 1480 1320 805 3492 3254 923.50 16330 1376 1105.50 1481 1433 1489.50 1343.40 821.80 3510 3260 930 16360 1380 1110 1494 1440 1505 1360 835 3530 3270 935 16400 1390 1116 1510 1450 1520 1375 850

Recommendations NCDEX RM Seed April Contract

Recommendations MCX CPO Jan Contract

On the daily chart, priced made a black long candlestick and closed below support indicating bearishness. Additionally, price is trading below 20 EMA and MACD negative. Intraday Strategy: Sell NCDEX RM Seed April between 3450-3455, SL 3500, Target 3385 / 3380

On the daily chart, price took support bouncing off 50% retracement drawn from 402 to 449. In todays session, price gapped up above resistance of 435 and continued trending higher indicating price may have resumed its uptrend. Additionally, price closed above 20 EMA Intraday Strategy: Buy MCX CPO Jan between 435.50-436.50, SL 429, Target 444 / 445

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