daily agri tech report, may 28
TRANSCRIPT
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
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
Dhanik Shah – Sr. Technical [email protected]
(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