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Soyabean yesterday we have seen that market has moved 0.32% as heavy rains in Indonesia and

Mentha oil December contract gained Rs 33.5 and settled at Rs 1108 a kg supported by pick-up in spot market demand. Restricted arrivals at the physical market also influenced the prices. The contract made intraday low of Rs 1045.5 a kg and high of Rs 1112 a kg with the volume of 6926 and total open interest for the same contact was at 4299.Now support for the menthol is seen at 1065 and below could see a test of 1022. Resistance is now likely to be seen at 1131.5, a move above could see prices testing 1155.

Trading Ideas:

Mentha Oil trading range is 1022.5-1155.

Resistance for the mentha oil is at 1120.40 level.

Pepper December delivery gained Rs 20 and settled at Rs 21810/quintal on hopes of a likely delay i

Guar yesterday we have seen that market has moved 2.46% supported by demand for guar g

European Nickel said it has suspended work on its flagship Caldag project in Turkey as it awaits a forestry permit and that a supply agreement with BHP Billiton has been terminated. Nickel has touched a low of Rs 1103.7 a kg after opening at Rs.1111.2, and last traded at Rs 1105.9.For today market is looking for the support at 1098.1, a break below could see a test of 1090.3 and where as resistance is now likely to be seen at 1119.3, a move above could see prices testing 1132.7.

Trading Ideas:

Nickel trading range is 1090.3-1132.7.

European nickel suspends work on Turkish mine

Zinc yesterday traded with the negative node and settled -0.67% down at 103.95 due to profit booking and also some pressure had been seen from the LME stock also which came up by 43475mt, the total stock at LME is now at 699850mt. In yesterday's trading session zinc has touched the low of 103.45 after opening at 105.05, and finally settled at 103.95. For today's session market is looking to take support at 103, a break below could see a test of 102 and where as resistance is now likely to be seen at 105.4, a move above could see prices testing 106.8. Spread between zinc DEC & JAN contracts yesterday ended at 1.2. Spread yesterday traded in the range of 1 - 1.25.