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Jeera November contract gained Rs 218 and settled at Rs 13160 a kg on increased buying by stockiest as

Turmeric yesterday we have seen that market has moved 1.27% on short covering and due to good demand from northern part of the country amid lower supplies. Festival demand is coming from northern India. Demand is likely to improve further in the coming days ahead of Diwali. In Nizamabad, a major spot market in AP, the price ended at 14689.45 rupees dropped by -648.05 rupees. Market has opened at 12468 & made a low of 12430 versus the day high of 12594. The total volume for the day was at 2260 lots and the open interest was at 10655.Support for turmeric is at 12469 below that could see a test of 12367. Resistance is now seen at 12633 above that could see a resistance of 12695.

Chana gained Rs 30 and settled at Rs 2422 per quintal triggered by strong stockiest demand ahead of fe

Soyabean yesterday we have seen that market has moved -1.07% as traders cashed in earlier gains of the week on the weekend. The total arrivals of soyabean were 1.10 lakh bags at Madhya Pradesh and Maharashtra arrivals reported at 1 lakh bag. At the Indore spot market in top producer MP, soybean dropped -22 Rs to 2174Re 100 kgs. Market has opened at 2241 & made a low of 2220.5 versus the day high of 2250. The total volume for the day was at 58590 lots and the open interest was at 122010.Support for soyabean is at 2214 below that could see a test of 2203. Resistance is now seen at 2244 above that could see a resistance of 2262.

Trading Ideas:

Mentha oil November contract dropped Rs 8.1 and settled at Rs 1060.5 a kg as traders booked profit after prices rose heavily in last few days. The total daily arrivals of mentha oil to be ranging between 350-400 drums at the major mandies of Uttar Pradesh such as Sambhal, Chandausi and Rampur. This has propelled the buoyancy in spot market. The contract made intraday low of Rs 1053 a kg and high of Rs 1075.8 a kg with the volume of 2869 and total open interest for the same contact was at 6076.Now support for the menthol is seen at 1050.4 and below could see a test of 1040.3. Resistance is now likely to be seen at 1073.2, a move above could see prices testing 1085.9.

Pepper November delivery gained Rs 306 and settled at Rs 19730/quintal as speculative buying was