TopNews

Wheat yesterday traded with the positive node and settled 0.09% up at 1277.6 on pick up in demand against restricted arrivals. The sowing has progressed fast in the current week. Wheat has been sown in over 207 lakh hectare. In Delhi wheat prices gained 3.85 rupee to end at 1300.65 rupees per 10 kg.  In yesterday's trading session Wheat has touched the low of 1276 after opening at 1276, and finally settled at 1277.6. For today's session market is looking to take support at 1276.3, a break below could see a test of 1275.1 and where as resistance is now likely to be seen at 1278.5, a move above could see prices testing 1279.5.

Trading Ideas:

Crude Palm oil yesterday traded with the negative node and settled -0.69% down at 522.6 as traders took profits on the weekend from the run of gains. In yesterday's trading session Crude Palm oil has touched the low of 520.7 after opening at 527, and finally settled at 522.6. For today's session market is looking to take support at 519.2, a break below could see a test of 515.8 and where as resistance is now likely to be seen at 527.5, a move above could see prices testing 532.4. Spread between Crude Palm oil DEC & JAN contracts yesterday ended at 5.90. Spread yesterday traded in the range of 1 to 5.9.

Trading Ideas:

Ref Soyaoil yesterday traded with the negative node and settled -1.58% down at 577.7 suffering profit booking. There was some price pressure at the Soyabean and that too has weighed on the soya oil prices. At the Indore spot market soyoil edged down by -2.6 rupee to 575.6 rupees 10 kgs. In yesterday's trading session Ref Soyaoil has touched the low of 577.6 after opening at 587.5, and finally settled at 577.7. For today's session market is looking to take support at 574.4, a break below could see a test of 571 and where as resistance is now likely to be seen at 584.3, a move above could see prices testing 590.8.

Trading Ideas:

Natural Gas yesterday we have seen that market has moved -0.2% as forecasts showed

Jeera December contract dropped Rs 102 and settled at Rs 13644 a kg weighed by sluggish exports and a

Turmeric yesterday we have seen that market has moved -0.52% on profit boo