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Soybean yesterday eased due to weak spot demand. In Indore spot market in top producer Madhya Pradesh, soybean price fell by 12 rupees to 1,973 rupees. Soyabean yesterday we have seen that market has moved -0.03%. Market has opened at 1982 & made a low of 1971.5 versus the day high of 1987. The total volume for the day was at 29890 lots and the open interest was at 139210. Support for soyabean is at 1974 below that could see a test of 1965. Resistance is now seen at 1989 above that could see a resistance of 1996.

Trading Ideas:

The falling trend line from 94.77 frustrated another attempt for the Dollar-Yen to rise, stopping it at 93.59.

The Euro retreated from the post-gap top, and filled more than a third of the gap.

Mentha oil yesterday as per expectation ended down on technical selling. May contract dropped Rs 10.8 and settled at Rs 653 a kg. The contract made intraday low of Rs 651.1 a kg and high of Rs 659.2 a kg with the volume of
676 and total open interest for the same contact was at 1845. Now support for the menthol is seen at 649.7 and below could see a test of 646.3. Resistance is now likely to be seen at 657.8, a move above could see prices testing
662.5.

Trading Ideas:

Menthol Oil trading range is 646.3-662.

Ballarpur Industries Limited (BILT), the flagship company of US $ 3bn Avantha Group, is the undisputed leader in the Indian Paper Industry. It is the largest integrated paper manufacturer of India. The company primarily deals in industrial, specialty, writing and printing paper. BILT is the only Indian paper company to rank amongst the top 100 paper companies in the world.

Key Highlights:

Pepper ended up on lower-level buying and also supported by hopes of pick up in export demand. India April-February exports at 17,750 metric tons vs 23,100 tons a year earlier. Talk of import queries by some Middle East trading firms is supporting the market. Arrivals have dried up as harvest is about to end. May delivery gained Rs 154 and settled at Rs 15727/quintal. The contract touched the intra day high of Rs 15820/quintal while low of Rs