A Sharekhan commodity research newsletter

September 19, 2014

Punters Call

Soybean near key retracement level

Adjacent chart shows the price movement of NCDEX
soybean October contract. The agri-commodity was in
a downtrend for the several weeks. However in the last
week it entered in pullback mode. The pullback is
breaking up into lower degree waves and currently a
minor degree correction is in formation. The 61.8%

retracement mark ie Rs3,195 is a key level from where

the next leg up can originate. The recent low of Rs3,116
will act as a major support for the agri-commodity. On the
upside Rs3,388 and Rs3,430 are the key levels to watch
out for. The daily momentum indicator is in line with the
bullish stance.

Soybean
1
0
-1
-2
-3
-4
-5
-6

KST (-0.84896)

SOY BEAN OCTOBER (3,280.00, 3,286.00, 3,211.00, 3,226.00, -38.0000)

3950
3900
3850
3800
3750
3700
3650
3600
3550
3500
3450
3400
3350

0.0%

3300

23.6%
38.2%
50.0%
61.8%

3250
3200
3150

100.0%

3100
3050
3000
10000

x105000

14

21

28

4
Augus t

11

18

25

1
8
Septem ber

15

22

29
Octob

Short Term Trend

Target

Dhaanya Ncdex
Future Index

2550

Trend




Reversal

Support/Resistance

Down below 2445

2445/2550

For Private Circulation only

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Document issued by SEBI & relevant exchanges and Dos & Donts by MCX & NCDEX and the T & C on www.sharekhan.com before investing.

Medium Term Trend

Target

Dhaanya Ncdex
Future Index

Trend

2350

Up

Reversal

Support/Resistance

Up above 2600

2350/2600

Icon guide
Down

Downswing matures

Upswing matures

Looking Trendy
Short Term Trend
Target

Trend

Gold MCX

26000

Silver MCX

40000

Crude MCX

5500

Copper MCX

410.00

Zinc MCX

134.00

Nickel MCX

1080.00





-

Reversal

Support / Resistance

28000

26000/28000

43000

40000/43000

5900

5500/5900

435.00

410/435

147.00

134/147

1180.00

1080/1180

Medium Term Trend

Target
Gold Cash US $

1180.00

Trend




Reversal

Support / Resistance

1320.00

1180/1320

22.00

18.00/21.50

99.00

89/99

Silver Cash US $

18.00

Crude US $

89.00

Copper $ (comex)

2.750

3.500

2.75/3.5

152.00

133.00

133/152

1250

1080

1080/1250

Nickel MCX

Up

For Private Circulation only

Icon guide
Down

Zinc MCX

Eagle Eye (commodities)

Sideways

Downswing matures

September 18, 2014

Upswing matures

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Day Traders HIT List (commmodities) - Morning session

For September 19, 2014
Exchange

Contract

Instrument

Support Levels
S2
S1

LTP
(Rs)

Resistance Levels Action

R1
R2

NCDEX

Dec

Cottonseed Oil Cake

1355.00

1374.00

1387.00 1400.00

1414.00

Buy Above R1 / Sell Below S1

NCDEX

Oct

Chana

2783.00

2822.00

2847.00 2873.00

2895.00

Buy Above R1 / Sell Below S1

NCDEX

Oct

Jeera

10550.00 10680.00 10760.00 10840.00 10935.00

Buy Above R1 / Sell Below S1

NCDEX

Oct

Ind. RM Seed

NCDEX

Oct

NCDEX

3603.00

3628.00

Soya Oil

588.00

595.00

Oct

Soybean

3150.00

NCDEX

Oct

Turmeric

MCX

Sept

MCX

3658.00 3678.00
600.15

3720.00

Buy Above R1 / Sell Below S1

605.60

609.40

Sell Below S1

3193.00

3226.00 3260.00

3286.00

Sell Below S1

5815.00

5900.00

5944.00 6020.00

6070.00

Sell Below S1

Aluminium

117.40

118.60

119.10

119.70

120.60

Buy Above R1 / Sell Below S1

Nov

Copper

415.00

418.70

420.55

423.00

425.20

Sell Below S1

MCX

Oct

Crude Oil

5554.00

5600.00

5645.00 5690.00

5742.00

Buy Above R1 / Sell Below S1

MCX

Oct

Gold

26400.00 26550.00 26659.00 26740.00 26865.00

Buy Above R1 / Sell Below S1

MCX

Sept

Lead

124.00

125.30

125.80

126.30

127.10

Buy Above R1 / Sell Below S1

MCX

Sept

Mentha oil

660.60

665.00

673.00

680.00

690.30

Buy Above R1

MCX

Sept

Nat Gas

234.00

236.60

238.40

240.50

243.00

Sell Below S1

MCX

Sept

Nickel

1062.00

1077.00

1085.10 1094.00

1110.00

Buy Above R1 / Sell Below S1

MCX

Dec

Silver

40250.00 40600.00 40934.00 41210.00 41530.00

Buy Above R1 / Sell Below S1

MCX

Sept

Zinc

135.30

136.40

137.05

137.90

138.80

Buy Above R1 / Sell Below S1

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September
18, 2014
Eagle
Eye
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