CBI appeals to SC to cancel Raju's bail

B-Ramalinga-RajuWhile the founder of the tainted Satyam Computers Services, B. Ramalinga Raju got a bail a few days back, perhaps the decision could not please the CBI team heading the investigation in this case. It is to be mentioned here that the investigation agency has recently said that as Raju is a very influential person, it is not safe to keep him out on bail as he may influence the witnesses.

It may be noted here that Raju is accused of a scam which is worth over Rs. 14,000. Deputy inspector general of police V.V. Lakshmi Narayana has recently said that as Raju is very influential, he may influence witnesses involved in the case.

Commodity Outlook for Crude Oil by KediaCommodity

Natural GasNatural gas rose buoyed by a report of rising industrial output in China and stor

Commodity Outlook for Jeera by KediaCommodity

JeeraJeera October contract gained Rs 289 and settled at Rs 14239 a kg as fresh enquires from Bangladesh and poor stocks prompted buying. Enquiries from Bangladesh are supporting prices. Demand from Gulf countries is also expected to gain pace in coming day. In Unjha, a key spot market in Gujarat, jeera gained 145.45 rupees to end at 14145.45 rupees per 100 kg. The contract made intraday low of Rs 13960 a kg and high of Rs 14340 a kg. Support for jeera is at 14019 below that could see a test of 13800. Resistance is now seen at 14399 above that could see a resistance of 14560.

Trading Ideas:

Jeera trading range is 13800-14560.

Commodity Outlook for Turmeric by KediaCommodity

TurmericTurmeric yesterday we have seen that market has moved 2.77% on firm spot demand on enquirie

Commodity Outlook for Chana by KediaCommodity

ChanaChana dropped Rs 47 and settled at Rs 2212 per quintal as market fretted about estimates of higher

Commodity Outlook for Soyabean by KediaCommodity

SoyabeanSoyabean yesterday we have seen that market has moved -1.56% on expectations of a bumper output of summer-sown oilseeds. The market is expecting higher production of soybean and other kharif oilseeds this year due to higher area. At the Indore spot market in top producer MP, soybean dropped -24 Rs to 2006 Re 100 kgs. Market has opened at 2071 & made a low of 2043 versus the day high of 2073. The total volume for the day was at 52640 lots and the open interest was at 93610.Support for soyabean is at 2036 below that could see a test of 2025. Resistance is now seen at 2066 above that could see a resistance of 2085.

Trading Ideas:

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