Commodity	:	Maize
Exchange	:	NCDEX
Perspective	:	Very Short Term

Technical Commentary:
• As reflected in chart range bound movement continued in Maize July contract at NCDEX.
• MACD moving down in negative zone, which hints for bearish movement in prices.
• RSI is moving down in neutral zone suggesting oversold condition and bullish movement in the prices in short term.
• 1271 price level continued to act as strong support where couple of trading sessions sustained and prices didn’t able to breach this support level. Price likely to take uptrend at this level. Today’s trading session may decide the price direction for maize.


Intraday Supports & Resistances S2 S1 PCP R1 R2
Maize NCDEX July 1270 1274 1273.50 1281 1285
Intraday Trade Call Call Entry T1 T2 SL
Maize NCDEX July BUY >1274 1280 - 1269