Mentha oil July contract dropped Rs 13.8 and settled at Rs 685.6 a kg on profit booking. On July 17th, total stock of mentha oil at MCX-monitored warehouses at Chandausi was 776,951 kg of which 742,413 kg is physical stock and 34,537 is the demat stock. The contract made intraday low of Rs 680.1 a kg and high of Rs 701.8 a kg with the volume of 3212 and total open interest for the same contact was at 4440.Now support for the menthol is seen at 676.5 and below could see a test of 667.5. Resistance is now likely to be seen at 698.2, a move above could see prices testing 710.9.
Pepper August delivery gained Rs 507 and settled at Rs 20690/quintal tracking firm international markets, robust domestic demand amidst lower supplies. Prices in the international market are holding firm. Globally, stocks are estimated to be lower. Spot pepper climbed 776 rupees to end at 20,341 rupees per 100 kg in Kochi. The contract touched the intraday high of Rs 20775/quintal while low of Rs 20250/quintal. Now support for the pepper is seen at 20368 and below could see a test of 20047. Resistance is now likely to be seen at 20893, a move above could see prices testing 21097.
Guar yesterday we have seen that market has moved 1.26% on concerns about the monsoon, good demand for guar gum and poor supplies. Patchy rains may hamper guar sowing. Lower rains in the major cultivating regions are supporting buying. In the Jodhpur spot market, guar gained 27 rupees to end at 2,416 rupees per 100 kg. Market has opened at 2520 & made a low of 2502 versus the day high of 2583. The total volume for the day was at 473530 lots and the open interest was at 186540.Now support for the guar is seen at 2520 and below could see a test of 2470. Resistance is now likely to be seen at 2601, a move above could see prices testing 2632.
Nickel yesterday ended lower tracking weakness in LME prices despite rise in other base metal counters. Nickel has touched a low of Rs 887.2 a kg after opening at Rs.896.7, and last traded at Rs 894.For today market is looking for the support at 886.2, a break below could see a test of 878.3 and where as resistance is now likely to be seen at 902.9, a move above could see prices testing 911.7. 
Zinc ended positive benefited from arbitrage buying from China.
Copper ended positive on strength in equities markets, but investor interest was subdued as wideAxis Securities has designated Tata Consultancy Services (TCS) as its "Pick of the Week," issuing a BUY recommendation with a target price of Rs 3,565 per share, representing approximately 10% upsi
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