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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
Weekly Technical Report – Agri Commodities
Please read the important disclaimer on the last page
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
Weekly Technical Report – Agri Commodities
Please read the important disclaimer on the last page
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
Weekly Technical Report – Agri Commodities
Please read the important disclaimer on the last page
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
Weekly Technical Report – Agri Commodities
Please read the important disclaimer on the last page
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
Weekly Technical Report – Agri Commodities
Please read the important disclaimer on the last page
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
(Weekly ) Supports 25350 , 24750 and 24500 levels : Resistances 25500 , 26350 and even 27000 levels
Strategy : Buy STEEL LONG March NCDEX above 24700, Stop loss below 24400 , Target 25300/ 26000
Weekly Technical Report – Agri Commodities
Please read the important disclaimer on the last page
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
(Weekly ) Supports 470 , 458 and 449 levels : Resistances 485 , 505 and even 524 levels
Weekly Technical Report – Agri Commodities
Please read the important disclaimer on the last page
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
indicate prices to can drift further in the next coming sessions.
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
Weekly Technical Report – Agri Commodities
Please read the important disclaimer on the last page
Page 10
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
Weekly Technical Report – Agri Commodities
Please read the important disclaimer on the last page
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
Weekly Technical Report – Agri Commodities
Please read the important disclaimer on the last page
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
indicate prices to can drift further in the next coming sessions.
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
Weekly Technical Report – Agri Commodities
Please read the important disclaimer on the last page
Page 10
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