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 oversold zone and bullish movement in the prices likely in short term.
• Volume level increased compared to previous day’s trading session indicating supporting bearish movement of market.


Strategy: Sell on rallies.
Intraday Supports & Resistances S2 S1 PCP R1 R2
Maize NCDEX July 1251 1255 1256.50 1274 1282
Intraday Trade Call Call Entry T1 T2 SL
Maize NCDEX July SELL <1269 1261 1251 1274