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Chana ended down getting pressure from fresh arrivals, hopes of higher output and ample stocks weighed on sentiment. Buying is very limited in spot market. Traders are buying only as per their requirement on fears of further drop in the prices. In Delhi spot market, price settled at 2154.20 rupees per 100 kg. Chana dropped Rs 10 and settled at Rs 2188 per quintal. The volume was noted at 36800 lots. Support for chana is at 2179 below that could see a test of 2169. Resistance is now seen at 2201 above that could see a resistance of 2213.

Trading Ideas:

Chana trading range is 2169-2213.

A procedural measure to be followed in voting on U. S. healthcare reform was approved by a majority by the House on Sunday.

By a vote of 224-206, the House adopted rules for the debate to precede a final vote on legislation supporters say will extend access to healthcare insurance for tens of millions of Americans and eliminate exclusions for those with pre-existing conditions.

Samsung Electronics, ruled out its own operating system and the company will launch its new handsets based on this OS -“BADA”, this year.

Mr. Ranjit Yadav, Director, Mobile and IT said that, Dual sim phones are expected to capture 15% of its total handset volumes. He strongly believes in these handsets, seeing that these handsets will provide better performance to the users.

Soyabean closed higher on gains in international markets. Stockists are also buying on speculation that arrival of the produce will fall further and demand might revive in the near-term. Soyabean yesterday we have seen that market has moved 0.52%. Market has opened at 1990 & made a low of 1982 versus the day high of 2020. The total volume for the day was at 54540 lots and the open interest was at 143430.Support for soyabean is at 1986 below that could see a test of 1965. Resistance is now seen at 2024 above that could see a resistance of 2041.

Trading Ideas:

Soyabean trading range is 1296-1372.

Lawmakers have said that House Minority Leader John Boehner, R-Ohio, urged House Republicans not to taunt Democrats after the House votes Sunday on healthcare reform. According to the reports of The Hill reported, citing several lawmakers who attended a 15-minute closed-door meeting of House Republicans, Boehner told members to "behave like grown-ups" if the House passed the bill.

Mentha oil have been trading range-bound in last few session as absence of fresh cue failed to provide any direction to market. March contract gained Rs 3.4 and settled at Rs 616.6 a kg. The contract made intraday low of Rs 613.1 a kg and high of Rs 617.6 a kg with the volume of 731 and total open interest for the same contact was at 2711.Now support for the menthol is seen at 613.9 and below could see a test of 611.3. Resistance is now likely to be seen at 618.4, a move above could see prices testing 620.3.

Trading Ideas:

Menthol Oil trading range is 611.3-620.

Mentha oil spot is at 662/-.Spot market is up by Rs 5/-.