Commodities Daily Technical Report

Wednesday| February 27, 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

Wednesday| February 27, 2013

Agricultural Commodities
Technical Levels
Commodity Exchange NCDEX NCDEX NCDEX NCDEX NCDEX MCX Contract March March April March April March Trend Down Sideways Down Sideways Down Up S2 12700 36730 6130 6320 6545 960 S1 12800 36880 6180 6410 6600 970 LTP 12885 37070 6226 6474 6647 981.70 R1 13020 37270 6270 6550 6700 1000 R2 13140 37500 6320 6600 6745 1010

Spice Complex
Jeera Pepper Turmeric Chilli Coriander Cardamom

Oil Complex
Soybean Mustard Seed Ref Soy Oil CPO Castor seed NCDEX NCDEX NCDEX MCX NCDEX March April March March March Up Down Down Sideways Up 3245 3360 681 455 3580 3272 3380 686 459 3635 3294 3401 689.75 460.20 3679 3325 3420 695 463 3720 3350 3440 701 466 3750

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 March April March March March March March April March Mar Down Down Up Sideways Up Sideways Up Sideways Down Down Down 3290 3030 960 17750 1420 1096 1495 1280 1360 1220 774 3315 3050 975 17940 1440 1102 1510 1290 1370 1245 784 3347 3068 993 18150 1444 1109 1521 1299 1385 1261.70 790.20 3380 3075 1000 18260 1470 1112 1535 1310 1400 1275 806 3415 3090 1018 18380 1490 1116 1550 1320 1410 1285 817

Recommendations MCX Cardamom March Contract

NCDEX Jeera March Contract

On the daily chart, prices bounced taking strong support in range of 950-955, trading sideways with positive bias. Made a hammer in session before previous & gave a follow through with positive closing. RSI bounced from oversold levels and rising. Intraday Strategy: Buy MCX Cardamom March between 973-978, SL- 954, Target - 1006

On the daily chart, price is trading below its 20 EMA and MACD turned negative. Additionally price is trading at its lowest level in current contract Intraday Strategy: Sell Jeera March between 13030-13070, SL 13290, Target - 12720

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