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Chana gained Rs 35 and settled at Rs 2494 per quintal taking cue of moderately fi

Soyabean yesterday we have seen that market has moved 0.33% on the back

Mentha oil November contract gained Rs 24.8 and settled at Rs 1232 a kg as strong buying spurred by receding arrivals in major mandies of Uttar Pradesh accompanied with follows up buying by traders and speculators. The total daily arrivals of mentha oil to be ranging between 500-600 drums at the major mandies of Uttar Pradesh. The contract made intraday low of Rs 1212.1 a kg and high of Rs 1237.6 a kg with the volume of 6792 and total open interest for the same contact was at 5634.Now support for the menthol is seen at 1216.9 and below could see a test of 1201.7. Resistance is now likely to be seen at 1242.4, a move above could see prices testing 1252.7.

Pepper gained on concerns unseasonal rains may hit the yield and may delay fresh arrivals while projection of lower global output also aided sentiment. On the same time prices are remaining firm in some of the competitor countries that is additionally supporting the Indian variety. Spot pepper gained 121.9 rupees to 22128.55 rupees per 100 kg in Kochi market. The contract touched the intraday high of Rs 22695/quintal while low of Rs 22125/quintal. Now support for the pepper is seen at 22111 and below could see a test of 21833. Resistance is now likely to be seen at 22681, a move above could see prices testing 22973.

Trading Ideas:

Guar yesterday we have seen that market has moved 0.69% supported by overseas demand for guar gum but

The nickel market is likely to have a supply deficit of 73,000 tons this year, moving to a “balanced” situation for 2011. The nickel market is expected to return to a “small supply surplus in 2011 as one-off production issues are resolved and key projects come on line. Nickel has touched a low of Rs 975.1 a kg after opening at Rs.996.5, and last traded at Rs 979.For today market is looking for the support at 966.2, a break below could see a test of 953.5 and where as resistance is now likely to be seen at 1000.6, a move above could see prices testing 1022.3.

Trading Ideas:

Nickel trading range is 953.5-1022.3.