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.
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.ICICI Securities has reiterated a BUY recommendation on Star Cement with a 12-month target price of Rs 300, implying a potential upside of nearly 41% from the curr
News in Focus
Featured, India Business, Analyst View, Cement Sector, Geojit Financial Services, India, Ramco Cements
Geojit Financial Services has downgraded The Ramco Cements to an Accumulate rating while raising its target price to Rs 1,319, citing improving balance sheet strength and medium-term earnings recov
Motilal Oswal Financial Services has initiated coverage on Lenskart Solutions with a BUY recommendation and a target price of Rs600, citing structural growth drivers, margin expansion potential, an
India and South Africa renew one of modern T20 cricket’s most compelling rivalries on February 22, 2026, when they meet in a Super 8 Group 1 showdown at the Narendra Modi Stadium in Ahmedabad.
ICICI Direct Research has reiterated its BUY recommendation on HEG Ltd, setting a 12-month target price of Rs 635 against the current market price of Rs 550, implying an upside potential of 15%.
Motilal Oswal has reiterated its BUY rating on JK Cement with a target price of Rs 6,780, implying an upside of nearly 15 percent from the current market price of
Main Regional Stories
Yatra Online Limited has delivered a resilient Q3 FY26 performance despite aviation disruptions and seasonal headwinds. Revenue Less Service Cost (RLSC) rose 23% year-on-year, powered by strong growth in air ticketing and hotel bookings.
PL Capital has reiterated its BUY rating on Infosys, assigning a target price of Rs 1,900 against a current market price of Rs 1,391.
Axis Securities has reiterated its BUY recommendation on Signature Global (India) Ltd., setting a revised target price of Rs 1,315, implying a potential upside of approximately 22% from th
Infosys is positioning itself at the epicenter of enterprise AI transformation. Following its Investor AI Day, management articulated a sweeping AI-first strategy designed to capture a USD 300–400 billion services opportunity by 2030.
