Natural gas yesterday traded with the positive node and settled 1.4% up at 206.7. Some pressure had been seen from the crude also which closed down by -0.34%, and closed at 4149. In yesterday's trading session natural gas has touched the low of 204.1 after opening at 204.5, and finally settled at 206.7. For today's session market is looking to take support at 204.7, a break below could see a test of 202.8 and where as resistance is now likely to be seen at 208, a move above could see prices testing 209.4. Spread between natural gas JAN & FEB contracts yesterday ended at 2.30p. Spread yesterday traded in the range of 2 - 2.3.
Jeera February contract gained Rs 328 and settled at Rs 15070 a kg as some lower level buying emerged
Turmeric yesterday we have seen that market has moved -0.28% due to profit taking.
Chana dropped Rs 7 and settled at Rs 2632 per quintal as profit-taking kicked in after the pulse gained 3.2 percent in the previous week. However rising prices of subsitute pulses like tur and urad kept the downside limited. India's pulses production this year is expected to rise by 2 million tonnes from last year's level. The total arrivals of chana were around 50 motors reported today, up 25 motors from the last day. In Delhi spot market, chana jump up by 33.35 rupee to end at 2577.8 rupee per 100 kgs. The volume was noted at 86890 lots. Support for chana is at 2618 below that could see a test of 2604. Resistance is now seen at 2650 above that could see a resistance of 2668.
Soyabean yesterday we have seen that market has moved 0.32% as there is he
Mentha oil January contract dropped Rs 8.4 and settled at Rs 1163.4 a kg due to higher arrival. Further, the prices did not pick up any momentum as traders wait for further dips in the prices before they could initiate fresh demand. The contract made intraday low of Rs 1151.6 a kg and high of Rs 1166 a kg with the volume of 3128 and total open interest for the same contact was at 4186.Now support for the menthol is seen at 1154.7 and below could see a test of 1145.9. Resistance is now likely to be seen at 1169.1, a move above could see prices testing 1174.7.The European online gaming industry continues to witness rapid expansion as content providers seek access to newly regulated and increasingly competitive markets.
News in Focus
Featured, India Business, Analyst View, Geojit Financial Services, India, Power Sector, Torrent Power
Geojit Financial Services has upgraded Torrent Power Ltd. to a BUY rating with a 12-month target price of Rs. 1,638, implying an upside potential of nearly 15% from the current market price of Rs.
Featured, India Business, Analyst View, Stock Markets, Finance Sector, India, Motilal Oswal, Shriram Transport Finance
Motilal Oswal Financial Services has reiterated its BUY recommendation on Shriram Finance (SHFL), assigning a target price of Rs 1,175, implying an upside potential of nearly 29% from the current m
Featured, India Business, Analyst View, Stock Markets, Honasa Consumer, ICICI Securities, India, Retail Sector
ICICI Securities has reiterated its BUY recommendation on Honasa Consumer Limited, raising its target price to Rs 550 from Rs 500, implying an upside potential of nearly 32% from the current market
Featured, India Business, Analyst View, Agriculture, Balkrishna Industries, Geojit Financial Services, India
Geojit Financial Services has upgraded Balkrishna Industries (BKT) to a BUY rating and assigned a 12-month target price of Rs.
Motilal Oswal has a Buy with a Rs 530 target — 24% upside from Rs 426.
Main Regional Stories
Indian Renewable Energy Development Agency (IREDA) continues to demonstrate strong balance-sheet expansion despite a temporary slowdown in profitability caused by elevated provisioning and foreign exchange-related losses.
IDBI Capital has maintained its BUY recommendation on Apeejay Surrendra Park Hotels Ltd. (ASPHL) with a target price of Rs154, implying an upside potential of approximately 32% from the current market price of Rs116.
Featured, India Business, Analyst View, Auto Sector, Bajaj Auto, Geojit Financial Services, Maharashtra
Geojit Financial Services has upgraded Bajaj Auto Limited to a BUY rating from HOLD, assigning a 12-month target price of Rs. 11,735, implying an upside potential of approximately 12% from the current market price of Rs. 10,460.
Keynote Capitals has maintained its BUY recommendation on Yatra Online Limited, assigning a target price of Rs. 206 against the current market price of Rs. 98, implying a potential upside of approximately 110%.
