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Mentha oil February contract dropped Rs 33.4 and settled at Rs 1079.2 a kg due to fresh short selling by traders at higher levels. Active selling on account of high arrivals dragged the prices lower. The contract made intraday low of Rs 1079.2 a kg and high of Rs 1124.9 a kg with the volume of 5008 and total open interest for the same contact was at 3760.Now support for the menthol is seen at 1064 and below could see a test of 1048.7. Resistance is now likely to be seen at 1109.7, a move above could see prices testing 1140.1.

Trading Ideas:

Mentha Oil trading range is 1050.6-1142.

Indian stock markets were trading on a weak note during early trade, although broader markets witnessed some buying activity.

The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE) was trading 40.98 points down (-0.22%) to trade at 18,408.33.

The BSE Sensex belled the day at 18,450.07 as against its last closure at 18,449.31.

In contrast, the 50-scrip S&P CNX Nifty of the National Stock Exchange also remained flat to trade 0.1% down at 5,520.95.

Broader stock markets remained moderately up, with the BSE midcap index surged 0.45% and the BSE small cap index ruling 0.19% higher.

Chana gained Rs 5 and settled at Rs 2625 per quintal helped by lower arrivals in the spot market, and rising prices of substitute pulses. The rising prices of substitue commodities such as tur and urad also helped chana prices.  The total arrivals of chana were around 25motors were reported today, unchanged from the last day. In Delhi spot market, chana jump up by 21 rupee to end at 2636 rupee per 100 kgs. The volume was noted at 93700 lots. Support for chana is at 2605 below that could see a test of 2584. Resistance is now seen at 2653 above that could see a resistance of 2680.

Trading Ideas:

Chana trading range is 2586-2682.

Technical analyst Ashutosh Sarna has maintained 'buy' rating on Industrial Finance Corporation of India Limited stock with a target of Rs 55.80.

According to analyst, the investors can purchase the stock with a stop loss of Rs 51.50.

The stock of the bank, on February 03, closed at Rs 52.80 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 80.55 and a low of Rs 47.55 on BSE.

Current EPS & P/E ratio stood at 9.40 and 5.71 respectively.

Pepper February delivery gained Rs 215 and settled at Rs 22760/quintal on speculation that weather

Guar yesterday we have seen that market has moved 2.42% due to good export dema