Commodity	:	Maize
Exchange	:	NCDEX
Perspective	:	Very Short Term

Technical Commentary:
• As reflected in chart bearish movement 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 likely in short term.
• After five day’s prices breached the strong support level of 1271 price. Market participants are suggested to go for selling from higher levels.


Strategy: Sell on rallies.
Intraday Supports & Resistances S2 S1 PCP R1 R2
Maize NCDEX July 1251 1260 1280 1275 1280
Intraday Trade Call Call Entry T1 T2 SL
Maize NCDEX July SELL <1274 12650 1260 1280