7/30/2019 Daily Agri Tech Report 5th Jan
1/2
Commodities Daily Technical Report
Agricultural Commodities
Saturday| January 05, 2013
www.angelcommodities.com
Content
Technical Levels
Strategy/Recommendations
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 Broking (P)
Ltd. Your feedback is appreciated on
[email protected]
Dhanik Shah Sr Technical [email protected]
(022) 2921 2000 Extn. 6129
mailto:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]
7/30/2019 Daily Agri Tech Report 5th Jan
2/2
Commodities Daily Technical Report
Agricultural Commodities
Saturday| January 05, 2013
www.angelcommodities.com
Technical Levels
Commodity Exchange Contract Trend S2 S1 LTP R1 R2
Spice Complex
Jeera NCDEX March Sideways 14240 14380 14515 14610 14710
Pepper NCDEX Feb Up 34400 34850 35315 35700 36100
Turmeric NCDEX April Sideways 6620 6660 6730 6790 6860
Chilli NCDEX March Sideways 6150 6200 6232 6270 6320
Coriander NCDEX April Up 6150 6210 6272 6340 6430
Cardamom MCX Feb Down 1007 1020 1030.60 1040 1060
Soybean NCDEX Feb Down 3200 3220 3241 3260 3290
Mustard Seed NCDEX April Sideways 3510 3530 3542 3560 3580
Ref Soy Oil NCDEX Feb Down 684 687 691.25 694 699
CPO MCX Jan Up 438 443 447.20 451 456.50
Castor seed NCDEX Feb Sideways 3685 3730 3775 3800 3830
Chana NCDEX April Down 3500 3530 3559 3585 3620
Sugar NCDEX Feb Down 3250 3260 3269 3280 3300
Kapas NCDEX April Down 935 945 952 962 975
Cotton MCX Jan Down 16370 16410 16460 16520 16600
Cotton Oilseed Cake NCDEX Feb Down 1375 1384 1394 1405 1420
Gur NCDEX March Down 1095 1099 1102 1107 1112
Wheat NCDEX Feb Down 1540 1548 1553 1560 1570
Maize NCDEX Feb Down 1365 1375 1387 1400 1415
Barley NCDEX April Down 1410 1419 1432 1444 1460
Mentha MCX Jan Down 1340 1362 1380.10 1405 1425
Potato MCX Mar Down 745 750 754.90 760 768
Recommendations
Chana NCDEX April Contract
On the daily chart, after completing 11 weeks descending
triangle,
Chana retraced and faced resistance at lower boundary at 3585
and
turned lower indicating bearishness. Additionally, price is
trading
below 10 & 20 EMA and MACD in negative.
Intraday Strategy: Sell NCDEX Chana April between 3575-3580,
SL
3635, Target 3500
Recommendations
Soybean NCDEX Feb Contract
On the daily chart, price is trading below 10 & 20 EMA and
MACD in
negative indicating bearish sentiments. Additionally price
closed
below strong support at 3260.
Intraday Strategy: Sell NCDEX Soybean Feb between 3255-3260,
SL 3315, Target 3180
