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Ref Soyaoil yesterday traded with the negative node and settled -0.65% down at 600.4 as traders locked in profits at higher levels, influenced by fall in demand in the spot market. At the Indore spot market soyoil edged down by -1.65 rupee to 578.7 rupees 10 kgs. In yesterday's trading session Ref Soyaoil has touched the low of 599.1 after opening at 604, and finally settled at 600.4. For today's session market is looking to take support at 597.8, a break below could see a test of 595.3 and where as resistance is now likely to be seen at 604.2, a move above could see prices testing 608.1.

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Natural Gas yesterday we have seen that market has moved -0.36% as forecasts for a

Jeera January contract dropped Rs 163 and settled at Rs 13875 a kg due to diminishing demand amidst s

Turmeric yesterday we have seen that market has moved 0.42% on the back of buying interest o

Chana gained Rs 7 and settled at Rs 2547 per quintal helped by the demand from the local stockists at lower levels, as the stockists are holding lower stocks. The commodity prices were under pressure for last couple of days on reports of improved acreage. Rainfall has delayed sowing, and in some areas like Andhra Pradesh, it has damaged crop in some pockets. The delay will support prices in the short term. In Delhi spot market, chana jump up by 8.35 rupee to end at 2450 rupee per 100 kgs. The volume was noted at 46060 lots. Support for chana is at 2537 below that could see a test of 2526. Resistance is now seen at 2556 above that could see a resistance of 2564.

Soyabean yesterday we have seen that market has moved -0.92% as the physical markets are not supporting the upside movement for the commodity. On international front too, not much activities is seen due to absence of any fresh cues. At the Indore spot market in top producer MP, soybean dropped -4 Rs to 2191Re 100 kgs. Market has opened at 2285 & made a low of 2254 versus the day high of 2286. The total volume for the day was at 76740 lots and the open interest was at 227520.Support for soyabean is at 2247 below that could see a test of 2234. Resistance is now seen at 2279 above that could see a resistance of 2298.

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