daily agri tech report 9th jan
TRANSCRIPT
7/30/2019 Daily Agri Tech Report 9th Jan
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Commodities Daily Technical Report
Agricultural Commodities
Wednesday| January 09, 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
Dhanik Shah – Sr Technical [email protected]
(022) 2921 2000 Extn. 6129
7/30/2019 Daily Agri Tech Report 9th Jan
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Commodities Daily Technical Report
Agricultural Commodities
Wednesday| January 09, 2013
www.angelcommodities.com
Technical Levels
Commodity Exchange Contract Trend S2 S1 LTP R1 R2
Spice Complex
Jeera NCDEX March Sideways 14250 14370 14517.50 14690 14890
Pepper NCDEX Feb Down 34270 34560 34740 34990 35140
Turmeric NCDEX April Up 6700 6800 6878 6950 7020
Chilli NCDEX March Up 6300 6400 6526 6600 6700
Coriander NCDEX April Up 6790 6870 6970 7000 7070
Cardamom MCX Feb Down 1000 1015 1027.50 1045 1060
Oil Complex
Soybean NCDEX Feb Down 3070 3110 3146 3175 3215
Mustard Seed NCDEX April Sideways 3500 3530 3550 3580 3600
Ref Soy Oil NCDEX Feb Sideways 683 688 691.35 694 700
CPO MCX Jan Up 435 439 442.30 446 450
Castor seed NCDEX Feb Up 3790 3830 3871 3925 3980
Others
Chana NCDEX April Down 3520 3545 3570 3610 3650
Sugar NCDEX Feb Down 3240 3250 3260 3270 3280
Kapas NCDEX April Sideways 930 938 944 950 960
Cotton MCX Jan Sideways 16240 16320 16450 16500 16600
Cotton Oilseed Cake NCDEX Feb Sideways 1355 1365 1375 1380 1390
Gur NCDEX March Down 1090 1095 1097 1105 1110
Wheat NCDEX Feb Down 1480 1490 1503 1515 1530
Maize NCDEX Feb Up 1375 1390 1407 1420 1435
Barley NCDEX April Sideways 1400 1420 1435 1450 1460
Mentha MCX Jan Sideways 1385 1400 1414.50 1430 1456
Potato MCX Mar Up 753 765 777.90 785 795
Recommendations
SUGAR NCDEX Feb Contract
On the daily chart, price is trading below 20 EMA and MACE in
negative and declining indicating bearish market sentiments.
Additionally, price closed at lowest level in the current contract
Intraday Strategy: Sell NCDEX Sugar Feb between 3270-3275, SL
3290, Target 3245
Recommendations
CHILLIGTR NCDEX April Contract
On the daily chart, price is trading above 10 & 20 EMA and MACD in
positive. After trading in rather narrow range for a week, CHILL
gained momentum with volumes making a 31 day high with a follow
through in today’s session.
Intraday Strategy: Buy NCDEX CHILLIGTR April between 6340-6350
SL 6210, Target 6550