Commodities Daily Technical Report
Tuesday | October 18, 2011
Agricultural Commodities
Content
Technical Levels
Strategy/Recommendations
Badruddin – AVP - Research, Commodities
badruddin.khan@angelbroking.com
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Commodities Daily Technical Report
Tuesday | October 18, 2011
Agricultural Commodities
Technical Levels
Commodity Exchange Contract Trend S2 S1 LTP R1 R2
Spice Complex
Jeera NCDEX November Up 14550 14630 14797 14925 15050
Pepper NCDEX November Down 36000 36300 36625 37000 37250
Turmeric NCDEX November Down 4900 4980 5092 5200 5260
Chilli NCDEX November Sideways 8330 8420 8460 8550 8610
Coriander NCDEX November Sideways 5450 5500 5587 5700 5750
Oilseed Complex
Soybean NCDEX November Sideways 2120 2145 2170 2215 2235
Mustard Seed NCDEX November Up 2870 2885 2921 2950 2965
Ref Soy Oil NCDEX November Up 603 605 609.40 615 618
CPO MCX November Sideways 460 463 466.20 470 473
Castor seed NCDEX November Sideways 3950 4000 4047 4100 4130
Others
Guar Seed NCDEX November Sideways 4070 4100 4159 4190 4220
Guar Gum NCDEX November Sideways 12700 12850 13065 13200 13350
Chana NCDEX November Up 3100 3130 3183 3230 3255
Sugar NCDEX November Up 2775 2785 2810 2825 2835
Sugar MCX November Up 2775 2785 2808 2825 2835
Kapas NCDEX April Down 710 715 725.80 735 742
Cotton Oilseed Cake NCDEX December Down 1110 1120 1135 1150 1162
Gur NCDEX November Up 955 960 966 970 975
Potato NCDEX Mach Up 591 596 604 610 615
Potato MCX March Up 640 645 655 665 670
Mentha MCX October Up 1320 1325 1341 1355 1365
Wheat NCDEX November Down 1095 1100 1107.20 1115 1122
Maize NCDEX November Up 1085 1095 1117 1130 1140
Cardamom MCX November Down 695 705 715.20 722 735
Recommendations
Turmeric NCDEX November Contract Pepper NCDEX November Contract
On the daily Chart, Turmeric prices closed below it 10 and 20 day On the daily Chart, Pepper prices closed below its 10 day Exponential
Exponential Moving Average (EMA), which indicates bearish market Moving Average which indicates bearish market sentiments. MACD is
sentiments. in negative territory which indicates further downside.
Intraday Strategy: Buy NCDEX November Turmeric between 5150- Intraday Strategy: Sell MCX November Pepper between 369500-
5170, SL-5265, Target 4980/4900. 37000,SL-37260, Target-36300/36100.
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