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Natural gas tumbled on global economic concerns that roiled the broader commoditi

Jeera snapped a eight-day losing streak on bargain-buying triggered by a more-than 6 percent loss in eight sessions. Production in 2010 is seen rising to 2.9 million bags of 60 kg each from 2.7 million bags in 2009. Spot rates in Unjha, a key spot market in Gujarat, dropped 18 rupees to end at 12,518 rupees per 100 kg. June contract gained Rs 60 and settled at Rs 12083 a kg. The contract made intraday low of Rs 11953 a kg and high of Rs 12110 a kg. Support for jeera is at 11987 below that could see a test of 11892. Resistance is now seen at 12144 above that could see a resistance of 12206.

Trading Ideas:

Jeera trading range is 11892-12206.

Turmeric snapped a two-day losing streak on buying interest at lower levels, a trend that

Chana ended steady on some spot demand in chana dal from north India as traders speculated that a further fall may be unlikely and a drop in arrivals. Demand in chana dal is improving from the northern part of the country. In Delhi spot market, chana gained 29.5 rupees to end at 2,192.50 rupees per 100 kg. Chana settled steady at Rs 2198 per quintal. The volume was noted at 94420 lots. Support for chana is at 2187 below that could see a test of 2175. Resistance is now seen at 2213 above that could see a resistance of 2227.

Trading Ideas:

Chana trading range is 2175-2227.

Chana ended steady on some spot demand in chana dal from north India

Soybean ended firm due to demand in the physical market is improving at lower levels. At the Indore spot market in top producer Madhya Pradesh, soybean edged up by 10 rupees to 1,946 rupees. Soyabean yesterday we have seen that market has moved 0.46%. Market has opened at 1951 & made a low of 1950.5 versus the day high of 1970. The total volume for the day was at 22820 lots and the open interest was at 125500.Support for soyabean is at 1951 below that could see a test of 1941. Resistance is now seen at 1971 above that could see a resistance of 1980.

Trading Ideas:

Soyabean trading range is 1941-1980.

Mentha oil settled weak due to new mentha arrival and dull spot market.