Mustardseed yesterday traded with the positive node and settled 0.18% up at 2860. The total arrivals of mustard seed decreased by 26000 bags from the previous day to 44000 bags in major mandies. In the Jaipur spot market in Rajasthan the price edged down by -0.15 rupee to 566.65 rupees per 20 kgs. In yesterday's trading session Mustardseed has touched the low of 2846 after opening at 2852, and finally settled at 2860. For today's session market is looking to take support at 2849.3, a break below could see a test of 2838.7 and where as resistance is now likely to be seen at 2867.3, a move above could see prices testing 2874.7.
Wheat yesterday traded with the negative node and settled -0.22% down at 1376. As per data received from States, wheat has been sown in over 288 lakh hectare, which is 9.31 lakh hectares more than last year on this date. In Delhi wheat prices gained 6.75 rupee to end at 1405 rupees per 10 kg. In yesterday's trading session Wheat has touched the low of 1368.2 after opening at 1379.8, and finally settled at 1376. For today's session market is looking to take support at 1368.5, a break below could see a test of 1361.1 and where as resistance is now likely to be seen at 1383.1, a move above could see prices testing 1390.3.
Crude Palm oil yesterday traded with the positive node and settled 0.59% up at 543.1. Malaysia's palm oil exports during the January 1-15 period gained by 3.7% compared with the previous month to 5.89 lakh metric tons. In yesterday's trading session Crude Palm oil has touched the low of 540.6 after opening at 541, and finally settled at 543.1. For today's session market is looking to take support at 541.4, a break below could see a test of 539.6 and where as resistance is now likely to be seen at 544.1, a move above could see prices testing 545.
Ref Soyaoil yesterday traded with the positive node and settled 0.51% up at 644.45 on a rise in palm oil and a drop in the country's edible oil imports in December. At the Indore spot market soyoil edged up by 0.55 rupee to 631.45 rupees 10 kgs. In yesterday's trading session Ref Soyaoil has touched the low of 640.5 after opening at 642, and finally settled at 644.45. For today's session market is looking to take support at 641.6, a break below could see a test of 638.8 and where as resistance is now likely to be seen at 646.2, a move above could see prices testing 648.
Aluminium stocks held at three major Japanese ports came to 223,600 tonnes at the end of December, rising for the first time since August. Aluminum stockpiles fell 8,581 tons to 434,020 tons, the lowest level in more than eight months, based on a survey of warehouses in Shanghai. Aluminium has touched a low of Rs 112.15 a kg after opening at Rs 112.25, and last traded at Rs112.25.For today market is looking for the support at 112.2, a break below could see a test of 112.1 and where as resistance is now likely to be seen at 112.3, a move above could see prices testing 112.4.
Jeera February contract gained Rs 282 and settled at Rs 14730 a kg due to lower-level buying triggereGeojit Financial Services has reiterated its BUY recommendation on Lupin Limited, raising the target price to Rs 2,606 from the current market price of Rs 2,261, implying a potential upside of near
News in Focus
Featured, India Business, Analyst View, Geojit Financial Services, India, Lupin, Pharmaceutical Sector
Gold earrings have long been valued for their elegance, versatility, and enduring place in jewellery traditions.
Motilal Oswal Financial Services has reiterated its BUY recommendation on ICICI Bank, assigning a target price of Rs 1,750, implying an upside potential of about 41% from the current market price o
Sportradar Group AG has extended its data and audiovisual betting rights partnership with the All England Club, the governing body behind Wimbledon.
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The European online gaming industry continues to witness rapid expansion as content providers seek access to newly regulated and increasingly competitive markets.
Main Regional Stories
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. 1,424.
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 market price of Rs 913.
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 price of Rs 417.
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. 2,547, implying an upside potential of approximately 16% from the current market price of Rs. 2,201.
