Commodities Daily Technical Report

Friday| May 03, 2013

Agricultural Commodities

Content
Technical Levels Strategy/Recommendations

Dhanik Shah Sr. Technical Analyst

Dhanik.Shah@angelbroking.com
(022) 2921 2000 Ext. 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

Friday| May 03, 2013

Agricultural Commodities
Technical Levels
Commodity Exchange NCDEX NCDEX NCDEX NCDEX NCDEX MCX Contract May May May June May May Trend Down Sideways Down Down Sideways Sideways S2 12450 34850 6150 6100 6560 755 S1 12630 35240 6230 6160 6640 765 LTP 12767.50 35640 6290 6232 6724 776.70 R1 12980 35800 6410 6300 6840 795 R2 13160 36290 6520 6380 6960 807

Spice Complex
Jeera Pepper Turmeric Chilli Coriander Cardamom

Oil Complex
Soybean Mustard Seed Ref Soy Oil CPO Castor seed NCDEX NCDEX NCDEX MCX NCDEX May May May May May Sideways Down Sideways Sideways Sideways 3810 3390 709 450 3250 3860 3410 713 453 3280 3916.50 3420 716.15 454.70 3304 3960 3440 720 458 3350 4000 3460 724 460 3390

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 May May April14 May May July May May May May May Sideways Sideways Down Down Sideways Down Sideways Down Down Down Down 3410 2920 1012 17550 1375 1270 1460 1130 1330 890 967 3440 2930 1020 17730 1390 1280 1470 1140 1340 905 975 3472 2935 1032 17900 1407 1291.50 1484 1146 1349 919.10 982.70 3490 2940 1040 18160 1420 1304 1495 1155 1361 935 996 3510 2950 1050 18400 1435 1315 1505 1165 1375 955 1010

Recommendations NCDEX Chilli June Contract

NCDEX GUR July Contract

On the daily chart, price is trading below 20 EMA and is trading at contract low. RSI is also declining with falling prices, indicating bearishness. Intraday Strategy: Sell NCDEX Chilli June between 6280-6300, SL 6380, Target - 6160

On the daily chart, price closed below 20 EMA with an Open = High making a long black candle, indicating bearishness. Intraday Strategy: Sell NCDEX Gur July between 1300-1304, SL 1315, Target - 1280

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