Commodities Daily Technical Report

Friday| May 24, 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

Disclaimer: The information and opinions contained in the document have been compiled from sources believed to be reliable. The company does not warrant its accuracy, completeness and correctness. The document is not, and should not be construed as an offer to sell or solicitation to buy any commodities. This document may not be reproduced, distributed or published, in whole or in part, by any recipient hereof for any purpose without prior permission from Angel Commodities Brok ing (P) Ltd. Your feedback is appreciated on commodities@angelbroking.com

www.angelcommodities.com

Commodities Daily Technical Report

Friday| May 24, 2013

Agricultural Commodities
Technical Levels
Commodity Exchange NCDEX NCDEX NCDEX NCDEX MCX Contract June June June June June Trend Up Up Up Up Down S2 13080 5940 5550 6755 715 S1 13200 6000 5600 6830 725 LTP 13302.50 6042 5658 6873 731.90 R1 13400 6100 5720 6950 745 R2 13490 6150 5800 7000 755

Spice Complex
Jeera Turmeric Chilli Coriander Cardamom

Oil Complex
Soybean Mustard Seed Ref Soy Oil CPO Castor seed NCDEX NCDEX NCDEX MCX NCDEX June June June June June Sideways Sideways Up Up Down 3775 3475 700 469 3250 3825 3495 702 472 3275 3876 3513 704.20 475.70 3299 3905 3540 706 477 3315 3935 3565 707 479 3335

Others
Chana Sugar Kapas Cotton Cotton Oilseed Cake Gur Wheat Maize Barley Mentha Potato Guar Gum Guar Gum Guar Seed Guar Seed NCDEX NCDEX NCDEX MCX NCDEX NCDEX NCDEX NCDEX NCDEX MCX MCX NCDEX MCX NCDEX MCX June June April14 May June July June June June May June June June June June Down Sideways Up Up Up Up Up Up Down Sideways Down Down Down Down Down 3280 3030 1020 17940 1450 1266 1565 1215 1300 925 867 27400 27400 8870 8950 3305 3045 1031 18020 1465 1270 1575 1225 1320 945 885 27600 27600 9030 9100 3351 3055 1035 18100 1478 1275.50 1585 1235 1339.50 960.40 895.20 27710 27712 9140 9103 3365 3070 1050 18150 1490 1280 1590 1250 1345 975 907 28100 28100 9360 940 3410 3090 1060 18190 1505 1285 1600 1260 1366 990 915 28400 28350 9540 9550

Recommendations NCDEX Chana June Contract

NCDEX Barley June Contract

On the daily chart, price is trading below 20 day EMA and MACD is negative indicating bearish market sentiments. Intraday Strategy: Sell Chana June between 3365-3370, SL 3410, Target - 3305

On the daily chart, price after trading sideways closed at contracts lowest level breaking out of the range to the downside. Price consistently trading below 20 day EMA and MACD is negative. Intraday Strategy: Sell NCDEX Barley June between 1345-1350, SL 1366, Target - 1320

www.angelcommodities.com