CHANA NCDEX MARCH, 2010 (CMP-2299) WEEKLY... · 2010-02-08 · Weekly Technical Report – Agri...

Weekly

Technical Analysis

February 8, 2010 Agro

Commodities

CHANA NCDEX MARCH, 2010 (CMP-2299)

Trend: Sideways

Tech view: Chana remained well inside last week’s fall and moved up on short covering .. Chana shall be sideways to

weak in this Coming too, with Immediate weeks support is seen near 2250 and 2210 below that prices can be seen

drifting towards 2085 levels. Immediate Resistance is seen near 2350 and 2410. All technical indicators are in

oversold condition indicate prices to can rise up to correct oversold condition to adjust oversold condition before

resuming weakness in the next coming sessions.

CHANA NCDEX MARCH Contract

(Weekly ) Supports 2210 and 2085levels : Resistances 2350 , 2410 and even 2485 levels

Weekly Technical Report – Agri Commodities

Please read the important disclaimer on the last page

Page 10

GUARGUM NCDEX MARCH , 2010 (CMP-4900)

Trend: Sideways

Tech view: Guargum moved up this ending to a five weeks fall .. Trend remains bearish below levels towards 4600

levels and a close below 4493 shall see prices drifting towards 4350 levels Immediate resistance is seen near 5000

and above same can see prices rising towards 5200 levels. All technical indicators are Sideways turning down

indicate prices to can drift further in the next coming sessions.

GUARGUM NCDEX MARCH Contract

(Weekly ) Supports 4600 , 4400 and 4350 levels : Resistances 5000 , 5200 and even 5375

levels



Page 10

GUARSEED NCDEX MARCH 2010 (CMP-2435)

Trend: Sideways Mildly bullish

Tech view: Guar seed rallied up on short covering and shall remain in sideways up in this week. Immediate support is

seen near 2360 and below 2360 can see prices drifting towards 2135 levels. Immediate Resistance is seen near

2485, 2550 and 2630. All technical indicators are in oversold condition prices can rise up further to adjust the

oversold condition before resuming its downtrend in the next coming sessions.

GUARSEED NCDEX MARCH Contract

(Weekly ) Supports 2360 , 2135 and 1965 levels : Resistances 2400 , 2550 and even 2630 levels

Strategy : Buy GUARSEED MARCH NCDEX above 2485 , Stop loss below 2440 , Target 2565 and 2635



Page 10

JEERA NCDEX MARCH, 2010 (CMP-11848)

Trend: Sideways

Tech view: Jeera remained bearish in the last week and shall be weak towards 11500. . Immediate support seen near

11450, 11200 and 11000 levels. Immediate resistance seen near 12400, 12600 and 12875 levels All technical

indicators are Sideways turning down indicate prices to can drift further in the next coming sessions.

JEERA NCDEX March Contract

(Weekly ) Supports 11450, 11200 and 11000 levels : Resistances 12400 , 12600 and even 12875levels



Page 10

PEPPER NCDEX MARCH, 2010 (CMP-13075)

Trend: Bearish

Tech view: Pepper drifted down till 12990 levels and closed higher on short covering at 13075. Pepper shall be

sideways to weak in the Coming week below 13500 levels .Immediate support is seen near 13000 and below 13000

can see prices drifting towards 12800 and 12550 levels. Immediate Resistance is seen near 13500, 13750 and 14000.

All technical indicators are Sideways turning down indicate prices to can drift down further in the next coming

sessions.

PEPPER NCDEX March Contract

(Weekly ) Supports 13000 , 12800 and 12550 levels : Resistances 13550, 13750 and even 14000 levels

Strategy : Sell PEPPER March NCDEX below 13000, Stop loss above 13400 , Target 12600/12350



Page 10

TURMERIC NCDEX APRIL, 2010 (CMP-6800)

Trend: Sideways

Tech view: Turmeric remained sideways and closed on the weekend at 6800 levels. TMC shall be sideways to mildly

bullish in the Coming week towards 7100 . Immediate support is seen near 6800 and below 6800 prices can see a

fall towards 6600and 6400 levels. Immediate Resistance is seen near 7100, 7350 and 7600. All technical indicators

are Sideways turning up indicate prices to can rise further in the next coming sessions.

TURMERIC NCDEX APRIL Contract

(Weekly ) Supports 6800 , 6600 and 6400 levels : Resistances 7100, 7350 and even 7600 levels



Page 10

STEEL LONG NCDEX MARCH , 2010 (CMP-24480)

Trend: Sideways

Tech view: Steel long rose remained sideways in the last week and expect to remain same for this week also.

Immediate support is seen near 24000 and below 24000 prices can drift towards 23500 levels. Immediate Resistance

is seen near 24950, 25750 and 26200. All technical indicators are Sideways turning up indicate prices to can rise

further in the next coming sessions.

STEEL LONG NCDEX March Contract


Strategy : Buy STEEL LONG March NCDEX above 24700, Stop loss below 24400 , Target 25300/ 26000



Page 10

RM SEED NCDEX APRIL , 2010 (CMP-481.6)

Trend: Sideways

Tech view: Rmseed drifted down till 476.4 and closed at 481.6,almost remained inside last weeks movement and

trend shall be sideways to mildly bearish in this week Immediate support is seen near 470 and below 470 prices seen

drifting towards 462 levels. Immediate Resistance is seen near 485, 505and 524. All technical indicators are in

oversold levels indicate prices to can rise to adjust the oversold condition in the next coming sessions.

RM SEED NCDEX April Contract




Page 10

SOYABEAN NCDEX MARCH, 2010 (CMP-2095)

Trend: Sideways

Tech view: Soya bean almost remained sideways in last week .trend shall be sideways to mildly bullish above 2060 in

this week . Immediate support is seen near 2060 and below 2060 can see prices drifting towards 2010 and even

1945 levels. Immediate Resistance is seen near 2175 and 2250. All technical indicators are Sideways turning down


SOYABEAN NCDEX MARCH Contract

(Weekly ) Supports 2040 , 1945 and 1900 levels : Resistances 2175 and even 2250 levels

Strategy : Buy SOYABEAN March NCDEX above 2100, Stop loss below 2055 , Target 2160/2225



REF SOYA OIL NCDEX MARCH, 2010 (CMP-461.25)

Trend: Sideways to Mildly Bullish

Tech view: Ref Soya oil remained in sideways to mildly bullish ,closed at 461.25 moved up after a four week fall on a

relief rally.. Ref Soya oil shall be sideways to Mildly bullish in this week. Immediate support is seen near 453 and

below 453 can see prices drifting towards 440 and 434 Levels. Immediate Resistance is seen near 465 , 471and 477.

All technical indicators are Sideways turning up indicate prices can rise up further in the next coming sessions.

REF SOYA OIL NCDEX March Contract

(Weekly ) Supports 453,440 and 434levels : Resistances 453 , 458 and even 465 levels



Page 10

CRUDE PALM OIL (CPO) MCX FEBRUARY, 2010 (CMP-357.2)

Trend: Sideways

Tech view: Crude palm Oil remained in sideways to mildly bullish for the whole week and closed at 357.2. CPO shall

be mildly bullish in this week . Immediate support is seen near 350 and below 350 can see prices drifting towards

343.5and 338Levels. Immediate Resistance is seen near 360, 365 and 375. All technical indicators are Sideways

turning down indicate prices to can drift down in the next coming sessions.

CRUDE PALM OIL (CPO) MCX February Contract

(Weekly ) Supports 350 , 343.5 and 338 levels : Resistances 360 , 365 and even 375 levels



Page 10

MENTHOIL MCX February, 2010 (CMP-562.5)

Trend: Sideways to Mildly Bearish

Tech view: Mentha Oil drifted down and closed at lows near 562.4. Mentha Oil shall be sideways to weak in the

Coming sessions Immediate support is seen near 560 and below 560 can see prices drifting towards 540 and even

530 levels. Immediate Resistance is seen near 572, 590 and 605. All technical indicators are Sideways turning down


MENTHOIL MCX February Contract

(Weekly ) Supports 560 , 540 and 530levels : Resistances 572 , 590 and even 605 levels

Strategy : Sell MENTHOIL February MCX range 570-572, Stop loss above 580 , Target 550/530



Page 10

11 th Floor ,Times Tower,, Kamala City,

Senapati Bapat Marg,, Lower Parel,

Mumbai - 400 013, India

the opposite side of public orders.

AnandRathi Commodities, its

affiliates, directors, officers, and

employees may have a long or

short position in any Commodities

of this issuer(s) or in related

investment banking or other

business from, any entity

mentioned in this report. This

research report is prepared for

private circulation. It does not have

regard to the specific investment

objectives, financial situation and

the particular needs of any specific

person who may receive this report.

Investors should seek financial

situation and the particular needs of

any specific investing in any

Commodities or investment

strategies discussed or

recommended in this report and

should understand

DISCLAIMER: This report has been

issued by AnandRathi Commodities

Ltd., (A Part of Anand Rathi Group)

which is regulated with FMC, India.

The information herein was

obtained from various sources; we

do not guarantee its accuracy or

completeness. Neither the

information nor any opinion

expressed constitutes an offer, or

an invitation to make an offer, to

buy or sell any Commodities or any

options, future or other derivatives

related to such Commodities

(“related investment”). AnandRathi

Commodities and its affiliated may

trade for their own accounts as

market maker/ jobber and /or

arbitrageur in any Commodities of

this issuer(s) or in related

investments, and may be on

that statements regarding future

prospects may not be realized.

Investors should note that income

from such Commodities, if any, may

fluctuate and that each commodity’s

price or value may rise or fall. Past

performance is not necessarily a

guide to future performance.

Foreign currency rates of exchange

may adversely affect the value,

price or income of any Commodity

or related investment mentioned in

this report.

Phone: +91-022-4047 7000

Fax: +91-022-4047 7080

E-mail: [email protected]

mailto:[email protected]?subject=Feedback%20on%20Nickel%20Long%20Term%20Report

CHANA NCDEX MARCH, 2010 (CMP-2299) WEEKLY... · 2010-02-08 · Weekly Technical Report – Agri...

Documents

Transcript of CHANA NCDEX MARCH, 2010 (CMP-2299) WEEKLY... · 2010-02-08 · Weekly Technical Report – Agri...