TopNews

Turmeric yesterday we have seen that market has moved 0.78% supported by short supplies an

Chana dropped Rs 20 and settled at Rs 2582 per quintal on some profit booking and fear of some possible action by the government to rein in spiraling inflation. Also there is expectation of rise in produce and rains in growing areas in UP, Rajasthan, MP, Maharashtra and Karnataka have improved moisture content of the soil leading to better sowing. In Delhi spot market, chana jump up by 20.25 rupee to end at 2534.2 rupee per 100 kgs. The volume was noted at 77210 lots. Support for chana is at 2569 below that could see a test of 2555. Resistance is now seen at 2604 above that could see a resistance of
2625.

Trading Ideas:

Soyabean yesterday we have seen that market has moved 0.95% buoyed by an overnight rally in the U. S market. USDA cut its estimate of 2010 soybean production by 46 million bushels to 3.329 billion. The yield forecast was reduced by 0.4 bu/a to 43.5 bu/a. At the Indore spot market in top producer MP, soybean gained 28 Rs to 2346Re 100 kgs. Market has opened at 2420 & made a low of 2420 versus the day high of 2462. The total volume for the day was at 145340 lots and the open interest was at 229060. Support for soyabean is at 2415 below that could see a test of 2396. Resistance is now seen at 2457 above that could see a resistance of 2480.

Stock market analyst Pradeep Surekha has maintained 'hold' rating on HMT Limited stock with a stop loss of Rs 60.

The analyst said that the investors can exit if this is breached because then the stock will fall to Rs 52

The stock of the company, on January 13, closed at Rs 63.85 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 106.40 and a low of Rs 59.55 on BSE.

Public Sector Hindustan Machine Tools (HMT) is projecting a revenue between Rs 325 crore and Rs 350 crore for the year to attain a level at which there is neither gain nor loss.

Mentha oil January contract gained Rs 13.1 and settled at Rs 11

Pepper February delivery dropped Rs 98 and settled at Rs 22889/quintal due to lackluster export demand that outweighed positives from lower supplies and depleting stocks. Demand from both local and overseas buyers is expected to gain pace by the end of January. A pick-up in demand is likely to support prices in short-term. Arrivals from the fresh crop are expected to hit the market by mid-January or last week of January. Spot pepper gained
73.55 rupees to 22344.1 rupees per 100 kg in Kochi market. The contract touched the intraday high of Rs 23175/quintal while low of Rs 22805/quintal. Now support for the pepper is seen at 22738 and below could see a test of