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Technical Levels Strategy/Recommendations
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Agricultural Commodities
Technical Levels
Commodity Exchange NCDEX NCDEX NCDEX NCDEX NCDEX MCX Contract March Feb April March April Feb Trend Down Sideways Down Sideways Down Down S2 13220 37100 5920 6700 6575 1044 S1 13290 37480 5960 6750 6700 1052 LTP 13370 37715 6018 6796 6807 1089.60 R1 13425 38180 6070 6850 6885 1070 R2 13490 38630 6110 6900 7000 1082
Spice Complex
Jeera Pepper Turmeric Chilli Coriander Cardamom
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 Feb Feb March Feb Feb April Feb Mar
3505 3177 890 16650 1285 1099 1540 1325 1395 1250 813
3535 3187 898 16720 1293 1106 1550 1337 1403 1265 817
3550 3196 904.50 16810 1300 1110.50 1558 1350 1413.50 1273.50 825.70
3580 3207 908 16940 1307 1117 1567 1360 1425 1290 832
3615 3217 915 17030 1315 1121 1577 1370 1440 1310 840
On the daily chart, price is trading above 20 EMA and MACD positive. After trading in range for almost 4 weeks, Cotton broke out of range with volumes. Cotton made a long white candle, a bullish signal. Intraday Strategy: Buy NCDEX Cotton Feb between 16770-16810, SL 16600. Target 17070
On the daily chart, price closed above 20 EMA and MACD positive. After trading sideways correcting marginally, price rallied sharply today making long white candle, indicating potential upside. Intraday Strategy: Buy NCDEX GUR 1109-1113, SL 1092, Target 1136
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