Mentha oil July contract dropped Rs 8 and settled at Rs 697.9 a kg tracking weakness in spot market. The contract made intraday low of Rs 697 a kg and high of Rs 707.2 a kg with the volume of 1883 and total open interest for the same contact was at 4495.Now support for the menthol is seen at 694.2 and below could see a test of 690.5. Resistance is now likely to be seen at 704.4, a move above could see prices testing 710.9.
Pepper August delivery dropped Rs 104 and settled at Rs 19433/quintal as profit-booking emerged after prices rose nearly 10 percent in six trading sessions. Prices have risen significantly in the past week. Spot pepper jumped 439 rupees to end at 19,161 rupees per 100 kg in Kochi. The contract touched the intraday high of Rs 19760/quintal while low of Rs 19291/quintal. Now support for the pepper is seen at 19229 and below could see a test of 19026. Resistance is now likely to be seen at 19698, a move above could see prices testing 19964.
Guar yesterday we have seen that market has moved -1.26% on profit-booking after rising more than 2 pe
Minara Resources Ltd., Australia's second-largest nickel producer, reported second-quarter production dropped 15 percent after a pipeline failure at the Murrin Murrin plant in Western Australia. Nickel has touched a low of Rs 894.1 a kg after opening at Rs.898, and last traded at Rs 912.3.For today market is looking for the support at 899.5, a break below could see a test of 886.8 and where as resistance is now likely to be seen at 919.6, a move above could see prices testing 927.
Zinc volumes on the Shanghai Futures Exchange surged in the second quarter of this year, reinforcing p
Copper ended down but recovered some of its early losses supported by speculative buying in commAshok Leyland shares were down by nearly 4.5 percent on Friday as selling pressure kept markets negative.
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