Commodities Daily Technical Report

Thursday | August 23, 2012

Agricultural Commodities

Content
Technical Levels Strategy/Recommendations

Anuj Choudhary Research Associate

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

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

Thursday | August 23, 2012

Agricultural Commodities
Technical Levels
Commodity Exchange Contract Trend S2 S1 LTP R1 R2

Spice Complex
Jeera Pepper Turmeric Chilli Coriander Cardamom NCDEX NCDEX NCDEX NCDEX NCDEX MCX Sept Sept Sept Sept Sept Sept Down Down Sideways Down Down Down 15180 41100 5660 5485 4450 976 15305 41570 5740 5540 4530 993 15417.50 41780 5828 5612 4606 1010.60 15555 42100 5910 5685 4685 1027 15740 42400 6000 5725 4750 1042

Oilseed Complex
Soybean Mustard Seed Ref Soy Oil CPO Castor seed NCDEX NCDEX NCDEX MCX NCDEX Oct Sept Sept Sept Sept Up Sideways Up Up Down 3925 4336 795 558 4375 3975 4360 799 561.50 4415 4010 4400 802.75 565.60 4464 4055 4430 807 572 4520 4095 4463 811 575 4555

Others
Chana Sugar Kapas Cotton Oilseed Cake Gur Wheat Potato Potato Mentha NCDEX NCDEX NCDEX NCDEX NCDEX NCDEX NCDEX MCX MCX Sept Sept April 2013 Sept Sept Sept Sept Sept Aug Sideways Sideways Sideways Sideways Down Up Down Down Sideways 4675 3355 1103 1580 1169 1466 1122 1162 1300 4715 3380 1112 1592 1178 1482 1135 1180 1312 4775 3409 1121 1611 1189 1498 1149.40 1190 1326.10 4820 3430 1132 1630 1198 1511 1162 1203 1340 4850 3450 1145 1655 1206 1525 1180 1215 1355

Recommendations
Pepper NCDEX September Contract

Recommendations
Ref Soy Oil NCDEX September Contract

On the daily Chart, Pepper prices closed below its 10 & 20 day EMA (Exponential Moving Average) which indicates bearish market sentiments. MACD is in negative territory, which indicates further downside. Intraday Strategy: Sell NCDEX September Pepper between 42080-42100, SL-42420, Target-41600/41100.

On the daily Chart, Ref Soy Oil prices closed above its 10 & 20 day EMA (Exponential Moving Average) which indicates bullish market sentiments. MACD is in positive territory, which indicates further upside. Intraday Strategy: Buy NCDEX September Ref Soy Oil between 799-799.50, SL-794.50, Target-807/811.

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