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Guar ended positive on buying interest at lower levels. In the Jodhpur spot market, guar seed moved down 7 rupees to end at 2,311 rupees per 100 kg. Guar yesterday we have seen that market has moved 0.48%. Market has opened at 2303 & made a low of 2293 versus the day high of 2320. The total volume for the day was at 145250 lots and the open interest was at 158090. Now support for the guar is seen at 2302 and below could see a test of 2284. Resistance is now likely to be seen at 2329, a move above could see prices testing 2338.

Trading Ideas:

Zinc yesterday traded

J K Paper Ltd (JKPL) was incorporated in 1992 in Rayagada Orissa to manufacture Paper and Paper products. It is a pioneer in manufacturing and marketing of paper. Its flagship brands include JK Copier, JK Easy Copier, JK Evervite, JK Excel Bond, JK Bond, JK SHB Maplitho, CPM Parchment and JK MICR.

It has two integrated pulp and paper plants - JK Paper Mill in Rayagada (Orissa) with an annual output of over 100,000 tons and Central Pulp Mills in Sonagadh (Gujarat) of 50,000 tons per annum capacity. Both the manufacturing units of the company are ISO 9001-2000 complaint.

Key Highlights

Copper ended lower as investors pocketed profits from gains on market optimism about a bailout package for Greece. LME copper warehouse stocks fell by 850 tonnes to 511,075 tonnes. COMEX copper stocks unchanged at
101,128 short tons as of Friday. Copper has touched a low of Rs 349.05 a kg after opening at Rs 351.15, and last traded at Rs349.6. For today market is looking for the support at 347.1, a break below could see a test of 344.6 and where as resistance is now likely to be seen at 354.1, a move above could see prices testing 358.6.

Trading Ideas:

Crude oil reversed all its gains weighed down by high inventories and expectations that this week's inventory data will show crude supplies rose again. China's March crude oil imports jumped to their second-highest monthly level on record of 4.95 million bpd, up 2.5 percent from February on a per-day basis. Now support for the crude is seen at 3736 and below could see a test of 3713. Resistance is now likely to be seen at 3792, a move above could see prices testing 3825.

Trading Ideas:

Crude trading range is 3713-3825.