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Daily Agri Tech Report, May 11

The document provides a daily technical report on various agricultural commodities. It includes technical levels like support and resistance levels as well as trends for commodities traded on the NCDEX and MCX exchanges. The report recommends shorting MCX Cardamom May futures between Rs. 748-752 with a stop loss of Rs. 770 and a target of Rs. 720 based on indicators showing a downward trend. It also recommends shorting NCDEX Chana June futures between Rs. 3448-3452 with a stop loss of Rs. 3485 and a target of Rs. 3400 as the price is trading below technical levels.

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Angel Broking
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33 views

Daily Agri Tech Report, May 11

The document provides a daily technical report on various agricultural commodities. It includes technical levels like support and resistance levels as well as trends for commodities traded on the NCDEX and MCX exchanges. The report recommends shorting MCX Cardamom May futures between Rs. 748-752 with a stop loss of Rs. 770 and a target of Rs. 720 based on indicators showing a downward trend. It also recommends shorting NCDEX Chana June futures between Rs. 3448-3452 with a stop loss of Rs. 3485 and a target of Rs. 3400 as the price is trading below technical levels.

Uploaded by

Angel Broking
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Commodities Daily Technical Report

Saturday| May 11, 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


Saturday| May 11, 2013

Agricultural Commodities
Technical Levels
Commodity Exchange NCDEX NCDEX NCDEX NCDEX MCX Contract June June June June May Trend Sideways Sideways Down Down Down S2 12720 5850 5530 6290 710 S1 12810 5940 5590 6360 720 LTP 12865 5994 5624 6414 739.80 R1 12940 6070 5660 6480 750 R2 13000 6140 5700 6520 770

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 May June Down Sideways Sideways Up Up 3850 3430 685 464 3300 3875 3445 688 468 3340 3895.50 3452 691.75 469.20 3366 3920 3470 695 473 3390 3950 3490 700 476 3410

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 June June April14 May June July June June June May May Down Up Down Sideways Down Down Down Up Down Down Down 3380 2980 1015 18190 1410 1260 1480 1140 1330 860 985 3400 3000 1025 18290 1420 1266 1495 1150 1340 876 990 3429 3010 1035.50 18400 1431 1271.50 1503 1157 1357 883.80 998.10 3450 3035 1045 18450 1440 1282 1510 1160 1365 900 1007 3485 3060 1060 18530 1450 1292 1520 1170 1380 913 1015

Recommendations MCX Cardamom May Contract

NCDEX Chana June Contract

On the daily chart, price is trading below 20 day EMA and RSI is pointing lower. Price closed below strong support hitting lower circuit to close at contract low. Intraday Strategy: Sell MCX Cardamom May between 748-752, SL 770, Target 720

On the daily chart, price is trading below 20 day EMA and MACD is also negative indicating bearishness. Intraday Strategy: Sell NCDEX Chana June between3448-3452, SL 3485, Target - 3400

www.angelcommodities.com

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