Indian market continued trading in a small range. After a weak start Indices traded flat most of the time in the session. SENSEX closed at 17928, down 27 points and Nifty at 5386, down 7 points from the previous close. CNX MIDCAP index was up 0.3% and BSE SMALLCAP index was up 0.1%. The market breadth was negative with advances at 630 against declines of 658 on the NSE. Banking and METALS traded strong while FMCG appeared weak. NTPC, RCOM, HINDALCO, LT, HDFC and IDEA were top gainers while ITC, STER, DLF, MARUTI, HEROHONDA, ABB, and SIEMENS were top losers.
Natural gas ended down as tepid demand and copious supplies pressured the market 
Jeera August contract gained Rs 130 and settled at Rs 14526 a kg on local demand, some overseas inquires and poor stocks. Fundamentals are supportive. Stocks are limited while demand is improving. At Unjha, spot market in Gujarat, jeera gained 146 rupees to end at 13,921 rupees per 100 kg. The contract made intraday low of Rs 14325 a kg and high of Rs 14620 a kg. Support for jeera is at 14361 below that could see a test of 14195. Resistance is now seen at 14656 above that could see a resistance of 14785.
Turmeric yesterday we have seen that market has moved -0.5% on profit-booking after prices rose in the last two sessions on hopes of higher sowing. Sowing is good in our area. Area under the spice may rise significantly this year. In Nizamabad spot market, turmeric gained 286 rupees to end at 15,518 rupees per 100 kg. Market has opened at 14848 & made a low of 14660 versus the day high of 14848. The total volume for the day was at 5765 lots and the open interest was at 7985.Support for turmeric is at 14624 below that could see a test of 14548. Resistance is now seen at 14812 above that could see a resistance of 14924.
Chana gained Rs 22 and settled at Rs 2370 per quintal on a pick-up in the spot demand of chana dal and lower rainfall in major kharif growing regions. Demand is good for chana dal. Arrivals are not significant. In Delhi spot market, chana gained 52 rupees to end at 2,284 rupees per 100 kg. The volume was noted at 182240 lots. Support for chana is at 2350 below that could see a test of 2331. Resistance is now seen at 2384 above that could see a resistance of 2399.
Soyabean yesterday we have seen that market has moved 1.71% bolstered by a weak rupee and concerns patchy rains over key soybean growing areas may hurt sowing and yields. In the Indore spot market, soybean climbed 28 rupees to 1,974 rupees per 100 kg. Market has opened at 2015 & made a low of 2010 versus the day high of 2055. The total volume for the day was at 87510 lots and the open interest was at 128350.Support for soyabean is at 2020 below that could see a test of 1993. Resistance is now seen at 2065 above that could see a resistance of 2083.SBI Cards and Payment Services is entering a decisive recovery phase as credit costs ease and spending momentum strengthens.
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