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The biggest challenge facing the global aluminum industry going forward is the large stock overhang. Aluminium has touched a low of Rs 102.3 a kg after opening at Rs 102.45, and last traded at Rs103.45.For today market is looking for the support at 102.6, a break below could see a test of 101.8 and where as resistance is now likely to be seen at 104, a move above could see prices testing 104.6.

Trading Ideas:

Natural Gas trading range is 175.5-182.3.

Natural gas fell on easing concern that storms will disrupt gas production in Gulf of Mexico

Jeera October contract dropped Rs 39 and settled at Rs 13440 a kg on tepid domestic and overseas demand and on hopes of higher sowing in the up-coming season due to good moisture in soil. Overseas demand is not picking up. Spot prices are also continuously coming down. In Unjha, a key spot market in Gujarat, jeera dropped -92.35 rupees to end at 13527.1 rupees per 100 kg. The contract made intraday low of Rs 13388 a kg and high of Rs 13569 a kg. Support for jeera is at 13362 below that could see a test of 13285. Resistance is now seen at 13543 above that could see a resistance of 13647.

Trading Ideas:

Jeera trading range is 13285-13647.

Turmeric yesterday we have seen that market has moved 0.25% on some value buying after losin

Chana gained Rs 2 and settled at Rs 2254 per quintal on a likely rise in spot demand in the on-going festival season, though estimates of higher kharif pulses output and fresh arrivals weighed. Domestic demand should recover in the festival season. Domestic demand is expected to get a boost due to the coming festivals and marriage season. In Delhi spot market, chana fell down by -3.9 rupee to end at 2310 rupee per 100 kgs. The volume was noted at 63840 lots. Support for chana is at 2242 below that could see a test of 2231. Resistance is now seen at 2270 above that could see a resistance of 2287.

Trading Ideas:

Chana trading range is 2231-2287.

Peter Doherty, from The Libertines , was recently charged with a Class A drug on his person at a London police station.

Doherty was arrested in the month of after the drugs related demise of heiress Robin Whitehead took place. There were a total of four people that were taken into custody; Peter was one of them. Robin Whitehead was 27-years old when she died and it was suspected that she succumbed to an overdose in an Eastern London flat, in the month of January, this year.

Soyabean yesterday we have seen that market has moved -1.23% on selling by speculators, in