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Guar yesterday we have seen that market has moved 0.57% due to robust demand for guar gum from exporters

Monthly refined nickel production rose 6.6 percent in December to a record 21,753 tonnes. In 2010, the output surged 24 percent on the year to 214,086 tonnes. Antaike has expected 2011 nickel output, including refined, ferronickel and nickel-pig-iron, to rise by above 8 percent. Nickel has touched a low of Rs 1194.4 a kg after opening at Rs.1195.9, and last traded at Rs 1196.6.For today market is looking for the support at 1194.7, a break below could see a test of 1192.8 and where as resistance is now likely to be seen at 1198.2, a move above could see prices testing 1199.8.

Trading Ideas:

Nickel trading range is 1192.8-1199.8.

The global zinc market was in surplus by 223,000 tonnes in the first 11 months of 2010, the latest monthly bulletin from Lisbon-based International Lead and Zinc Study Group showed. Global refined zinc use amounted to 11.454 million tonnes, compared with 9.812 million in January-November 2009. Zinc yesterday we have seen that market has moved 0.24%. Market has opened at 105.95 & made a low of 105.85 versus the day high of 106.2. The total volume for the day was at 698 lots and the open interest was at 8226.Now support for the zinc is seen at 105.9 and below could see a test of 105.7. Resistance is now likely to be seen at 106.3, a move above could see prices testing 106.4.

Copper gained on the weaker dollar and as worries of further monetary tightening in China subsided

Oil ended weak on worries that supplies remain elevated, capping a week of declining crud

Silver ended in positive node on Saturday after falling in last few sessions get