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Soyabean yesterday we have seen that market has moved 1.19% triggered by fresh buying by tra

Mentha oil December contract dropped Rs 8.2 and settled at Rs 1097.1 a kg tracking wea

Pepper January delivery dropped Rs 229 and settled at Rs 21522/quintal due to weak overseas and local demand as traders expect prices to come down once fresh arrivals start. However, estimates of lower global production and diminishing stocks, limited the downside. Spot pepper dropped -332.75 rupees to 21373.5 rupees per 100 kg in Kochi market. The contract touched the intraday high of Rs 21660/quintal while low of Rs 21360/quintal. Now support for the pepper is seen at 21368 and below could see a test of 21214. Resistance is now likely to be seen at 21668, a move above could see prices testing 21814.

Trading Ideas:

Pepper trading range is 21210-21810.

Guar yesterday we have seen that market has moved -0.93% tracking sluggish trade in spot due to estimate

Nickel yesterday traded with the negative node and settled -2.5% down at 1091.7. Funds flowed into other base metal markets but avoided to enter nickel market due to its poor fundamentals overnight. Market reached a consensus that global nickel is in oversupply. In addition, China's NPI output will increase significantly and demand for nickel plate from steel mills will be weak. For today's session market is looking to take support at 1079.5, a break below could see a test of 1067.4 and where as resistance is now likely to be seen at 1110.8, a move above could see prices testing 1130.

Trading Ideas:

Nickel trading range is 1067.4-1130.

Zinc yesterday we have seen that market has moved -0.38% market has opened at 105 & made a low of 103.7 versus the day high of 105.3, failing to stabilize at 105 mark with prices still meeting pressure at 60-day moving average. The total volume for the day was at 21336 lots and the open interest was at 7886.Market players began to stay out of the market at higher prices. Now support for the zinc is seen at 103.9 and below could see a test of 103. Resistance is now likely to be seen at 105.5, a move above could see prices testing 106.2.

Trading Ideas:

Zinc trading range is 103-106.2.

Zinc yesterday we have seen that market has moved -0.38%