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Commodities Daily Technical Report

Friday | August 31, 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

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 commodities@angelbroking.com

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Commodities Daily Technical Report


Friday | August 31, 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 Up Sideways Up Down Down Up 14680 41050 5990 4900 4065 982 14890 41250 6060 4965 4135 993 14990 41535 6144 5046 4208 1011.60 15200 41800 6220 5115 4265 1030 15400 42000 6350 5180 4325 1047

Oilseed Complex
Soybean Mustard Seed Ref Soy Oil CPO Castor seed NCDEX NCDEX NCDEX MCX NCDEX Oct Sept Sept Sept Sept Sideways Up Sideways Sideways Down 3955 4400 788 549 3990 3992 4425 793 554 4060 4025.50 4456 797.55 558.70 4128 4055 4485 802 561 4165 4085 4507 806 564 4225

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 Sept Up Up Down Down Sideways Sideways Down Down Up 4650 3454 1073 1540 1133 1545 1060 1125 1342 4690 3488 1085 1565 1142 1560 1074 1138 1354 4722 3512 1098 1585 1155 1573 1087.90 1149 1367.10 4760 3542 1110 1605 1165 1586 1096 1162 1389 4795 3572 1118 1625 1172 1599 1108 1178 1408

Recommendations
Sugar NCDEX September Contract

Recommendations
Jeera NCDEX September Contract

On the daily Chart, Sugar prices closed above its 10 & 20 day EMA (Exponential Moving Average) which indicates bullish market sentiments.

On the daily Chart, Jeera has been taking support at lower levels. Export demand is expected re-emerge at lower levels. Lower arrivals in the domestic markets as farmers are also not selling may also support prices at lower levels. Intraday Strategy: Buy NCDEX September Jeera between 14890-14900, SL-14670, Target-15180/15400.

Intraday Strategy: Buy NCDEX September Sugar between 3488-3490, SL-3454, Target-3540/3570.

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