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Daily Agri Tech Report, April 02

The document provides a daily technical report on various agricultural commodities. It includes technical levels like support and resistance levels for different commodities traded on the NCDEX and MCX exchanges. The report also provides recommendations for two commodity contracts - to buy NCDEX Cocudakl April between 1522-1527 with a stop loss of 1505 and target of 1555, and to sell NCDEX Maize April between 1300-1305 with a stop loss of 1319 and a target of 1277.

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Angel Broking
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37 views

Daily Agri Tech Report, April 02

The document provides a daily technical report on various agricultural commodities. It includes technical levels like support and resistance levels for different commodities traded on the NCDEX and MCX exchanges. The report also provides recommendations for two commodity contracts - to buy NCDEX Cocudakl April between 1522-1527 with a stop loss of 1505 and target of 1555, and to sell NCDEX Maize April between 1300-1305 with a stop loss of 1319 and a target of 1277.

Uploaded by

Angel Broking
Copyright
© Attribution Non-Commercial (BY-NC)
Available Formats
Download as PDF, TXT or read online on Scribd
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Commodities Daily Technical Report

Tuesday| April 02, 2013

Agricultural Commodities

Content
Technical Levels Strategy/Recommendations

Dhanik Shah Sr. Technical Analyst


[email protected]
(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 [email protected]

www.angelcommodities.com

Commodities Daily Technical Report


Tuesday| April 02, 2013

Agricultural Commodities
Technical Levels
Commodity Exchange NCDEX NCDEX NCDEX NCDEX NCDEX MCX Contract April April April April April April Trend Sideways Sideways Up Sideways Up Down S2 12860 35130 6430 6240 6750 850 S1 12940 35360 6510 6340 6850 860 LTP 13027.50 35600 6568 6448 6900 872.60 R1 13120 35950 6660 6510 6995 881 R2 13230 36330 6740 6570 7090 890

Spice Complex
Jeera Pepper Turmeric Chilli Coriander Cardamom

Oil Complex
Soybean Mustard Seed Ref Soy Oil CPO Castor seed NCDEX NCDEX NCDEX MCX NCDEX April April April April April Down Down Sideways Down Sideways 3590 3390 679 452 3490 3610 3405 682 454 3520 3633 3418 684.30 456.20 3535 3665 3440 688 459 3565 3690 3460 692 462 3585

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 April April April April July April April April April April Up Up Up Up Up Sideways Down Down Down Down Up 3355 2905 935 19150 1505 1308 1355 1275 1310 1010 985 3375 2925 945 19240 1522 1311 1365 1290 1320 1025 995 3391 2944 953.50 19350 1538 1313.50 1374 1295 1324.50 1037.60 1003 3415 2960 960 19420 1545 1318 1380 1305 1340 1055 1015 3435 2975 970 19500 1555 1322 1390 1318 1350 1075 1030

Recommendations NCDEX Cocudakl April Contract

NCDEX Maize April Contract

On the daily chart, price is trading above 20 EMA. RSI is above 50 and rising with rising prices. Intraday Strategy: Buy NCDEX COCUDAKL April between 1522-1527, SL 1505, Target - 1555

On the daily chart, price is trading below 20 EMA and MACD turned negative. Price pierced closing below the trend line (in red) indicating bearishness. Intraday Strategy: Sell NCDEX Maize April between 1300-1305, SL 1319, Target - 1277

www.angelcommodities.com

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