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Guar yesterday we have seen that market has moved 1.98% on strong export demand but higher output and ar

Stainless steel producers are trying to reduce their use of nickel in the production process because prices are becoming more volatile. Stainless steel production accounts for over 75% of all primary nickel consumption. Nickel prices on the LME have been volatile in recent weeks, rising $1,000 a metric ton in four days and the crashing the same amount in a single day. Nickel has touched a low of Rs 1035.8 a kg after opening at Rs.1038.1, and last traded at Rs 1045.9.For today market is looking for the support at 1036.9, a break below could see a test of 1027.8 and where as resistance is now likely to be seen at 1053.9, a move above could see prices testing 1061.8.

Zinc yesterday traded with the positive node and settled 0.05% up at 108.8 tracking firm trend in zinc prices at the LME. Some pressure had been seen from the LME stock also which came up by 4225mt, the total stock at LME is now at 632225mt. In yesterday's trading session zinc has touched the low of 108.15 after opening at 109.25, and finally settled at 108.8. For today's session market is looking to take support at 108, a break below could see a test of 107.3 and where as resistance is now likely to be seen at 109.7, a move above could see prices testing 110.6. Spread between zinc NOV & DEC contracts yesterday ended at 1.05. Spread yesterday traded in the range of 1 - 1.15.

Copper ended firm as the weak dollar bolstered risk appetite and positive European manufacturing da

Crude oil ended firm ahead of an expected decision by the Federal Reserve to pump more mon

Silver yesterday ended positive tracking firmness in base metal prices which supported the silver p