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Commodities Daily Technical Report 

Agricultural Commodities

Tuesday| May 28, 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 Brok ing (P) Ltd”. Your feedback is appreciated on  

commodities@angelbroking.com 

Dhanik Shah – Sr. Technical AnalystDhanik.Shah@angelbroking.com 

(022) 2921 2000 Ext. 6129 

7/30/2019 Daily Agri Tech Report, May 28

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Commodities Daily Technical Report 

Agricultural Commodities

Tuesday| May 28, 2013 

www.angelcommodities.com 

Technical Levels 

Commodity Exchange Contract Trend S2 S1 LTP R1 R2

Spice Complex

Jeera NCDEX June Up 13050 13150 13202.50 13310 13400

Turmeric NCDEX June  Down 5700 5770 5878 5950 6070Chilli NCDEX June Sideways 5520 5580 5642 5690 5740

Coriander NCDEX June  Sideways 6570 6650 6729 6800 6870

Cardamom MCX June Sideways 717 728 740.20 750 760

Oil Complex

Soybean NCDEX June Down 3750 3780 3801.50 3835 3865

Mustard Seed NCDEX June  Down  3425 3445 3458 3480 3505

Ref Soy Oil NCDEX June Up 700 703 706.45 709 712

CPO MCX June Up  470 472 474.50 476 478

Castor seed NCDEX June Down 3180 3200 3217 3250 3280

Others

Chana NCDEX June Down 3240 3260 3283 3300 3330

Sugar NCDEX June Down 3000 3015 3020 3030 3045

Kapas NCDEX April’14 Sideways 1015 1025 1032 1040 1050

Cotton MCX May Up 17930 18000 18020 18080 18110

Cotton Oilseed Cake NCDEX June Up 1475 1500 1513 1545 1560

Gur NCDEX July Sideways 1258 1263 1267.50 1272 1275

Wheat NCDEX June Up 1570 1580 1593 1605 1615

Maize NCDEX June  Up 1250 1270 1286 1305 1325

Barley NCDEX June Down 1310 1322 1336 1350 1370

Mentha MCX May Down 885 900 919.50 936 955

Potato MCX June Down 880 893 907.10 914 922

Guar Gum NCDEX June Down 25910 26250 26560 26760 27100

Guar Gum MCX June Down 26070 26340 26638 26780 27050

Guar Seed NCDEX June Down  8450 8580 8710 8810 8950

Guar Seed MCX June Down 8450 8580 8709 8810 8950

Recommendations

NCDEX Turmeric June Contract

On the daily chart, price is trading below 20 day EMA and below up

trend line (in red) indicating bearishness in the market.

Intraday Strategy: Sell NCDEX Turmeric June between 5940-5960, SL

 –6070, Target - 5770 

NCDEX COCUDAKL June Contract

On the daily chart, price action completed a 1 month inverse Head

& Shoulder pattern. Per candlestick, price made a long white candle

with same open = low and almost same high = close, indicating

bullishness. MACD is also positive.

Intraday Strategy: Buy NCDEX Cocudakl June between 1500-1505

SL – 1475, Target - 1545