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Chana ended positive on some buying interest at low levels. Overall trend is still weak because supply is good. In Delhi spot market, chana gained 18 rupees to end at 2,118 rupees per 100 kg. Chana gained Rs 13 and settled at Rs 2203 per quintal. The volume was noted at 45110 lots. Support for chana is at 2189 below that could see a test of 2175. Resistance is now seen at 2212 above that could see a resistance of 2221.

Trading Ideas:

Chana trading range is 2175-2221.

Chana ended positive on some buying interest at low levels

Support for the chana is seen at 2189 and resistance is at 2213.

Soybean ended firm on some lower-level buying support though outlook remains weak such as dull demand and higher stocks. At the Indore spot market soybean edged up by 13 rupees to 1,967 rupees. Soyabean yesterday we have seen that market has moved 0.51%. Market has opened at 1974 & made a low of 1972 versus the day high of 1981. The total volume for the day was at 13490 lots and the open interest was at 123150.Support for soyabean is at 1972 below that could see a test of 1967. Resistance is now seen at 1981 above that could see a resistance of 1985.

Trading Ideas:

Soyabean trading range is 1967-1985.

Mentha oil ended down on continued profit booking Saturday.

Pepper ended higher Saturday on short covering after prices fell in previous session. Improved demand from stockists, squeezed supply and low stocks also supported the pepper prices. . Supply is very limited in the physical market. Spot pepper fell 95 rupees to end at 16,095 rupees per 100 kg in Kochi, a major trading hub in Kerala. June delivery gained Rs 271 and settled at Rs 16630/quintal. The contract touched the intraday high of Rs 16720/quintal while low of Rs 16402/quintal. Now support for the pepper is seen at 16448 and below could see a test of 16266. Resistance is now likely to be seen at 16766, a move above could see prices testing 16902.

Trading Ideas:

Guar ended positive Saturday as slow buying in witnessed in the market. The firmness in prices were affected on forecast of normal monsoon. Sentiment is firm due to good demand of guar gum in the market. In Jodhpur guar gained 2 rupees to 2,391 rupees per 100 kg. Guar yesterday we have seen that market has moved 0.63%. Market has opened at 2395 & made a low of 2379 versus the day high of 2414. The total volume for the day was at 135930 lots and the open interest was at 108150.Now support for the guar is seen at 2386 and below could see a test of 2365. Resistance is now likely to be seen at 2421, a move above could see prices testing 2435.

Trading Ideas:

Russia's OAO Norilsk Nickel the world's largest nickel producer by production volumes, said its production outlook for 2010 will not be affected by Finnish nickel miner Talvivaara Mining Co. cutting its production targets for the year. Nickel has touched a low of Rs 1010.6 a kg after opening at Rs.1019.1, and last traded at Rs 1016.6.For today market is looking for the support at 1011.5, a break below could see a test of 1006.4 and where as resistance is now likely to be seen at 1020.8, a move above could see prices testing 1025.

Trading Ideas:

Nickel trading range is 1006.4-1025.