Commodities Daily Technical Report

Saturday| March 30, 2013

Agricultural Commodities

Content
Technical Levels Strategy/Recommendations

Anuj Choudhary Research Analyst

anuj.choudhary@angelbroking.com
(022) 2921 2000 Extn. 6132

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Commodities Daily Technical Report

Saturday| March 30, 2013

Agricultural Commodities
Technical Levels
Commodity Exchange NCDEX NCDEX NCDEX NCDEX NCDEX MCX Contract April April April April April April Trend Up Sideways Down Down Down Sideways S2 12980 35430 6310 6360 6525 875 S1 13055 35630 6380 6410 6585 885 LTP 13150 35860 6450 6454 6669 898.60 R1 13230 36100 6500 6500 6710 908 R2 13355 36225 6540 6540 6750 915

Spice Complex
Jeera Pepper Turmeric Chilli Coriander Cardamom

Soybean Mustard Seed Ref Soy Oil CPO Castor seed

NCDEX NCDEX NCDEX MCX NCDEX

April April April April April

Up Up Up Up Sideways

3645 3420 688 455 3430

3685 3445 691 458 3465

3721.50 3465 693.85 462.70 3518

3760 3480 699 465 3560

3800 3495 702 467 3585

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 April April April April July April April April April April

Down Down Sideways Sideways Up Down Down Sideways Sideways Down Up

3285 2860 917 18780 1482 1295 1382 1305 1310 1029 947

3310 2880 926 18900 1495 1301 1392 1315 1326 1038 955

3334 2893 934 19020 1503 1306 1404 1324 1340.50 1053.90 967.90

3355 2905 945 19180 1511 1311 1410 1330 1350 1100 976

3378 2920 956 19280 1518 1318 1415 1340 1365 1120 988

Recommendations NCDEX Chana April Contract

NCDEX Chilli April Contract

On the daily chart, price is trading below 10 & 20 EMA and MACD is moving southwards which indicates further downside. Intraday Strategy: Sell NCDEX Chana April between 3350-3355, SL 3380, Target 3310.

On the daily chart, price is trading below 10 & 20 EMA and MACD is moving southwards which indicates further downside. The price also broke the trend line (in red) closing below it indicating bearishness Intraday Strategy: Sell NCDEX Chilli April between 6494-6500, SL 6542, Target 6400/6380.

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