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Soyabean yesterday we have seen that market has moved 0.44% on good export demand for soymeal and a rise in the U.S. market. Demand for Indian soymeal is very good from Asian buyers. At the Indore spot market in top producer MP, soybean dropped -37 Rs to 2178Re 100 kgs. Market has opened at 2287 & made a low of 2226 versus the day high of 2302. The total volume for the day was at 146700 lots and the open interest was at 221630.Support for soyabean is at 2249 below that could see a test of 2199. Resistance is now seen at 2325 above that could see a resistance of 2351.

Trading Ideas:

Soyabean trading range is 2199-2351.

Mentha oil November contract gained Rs 1.3 and settled at Rs 1225.

Pepper December delivery gained Rs 852 and settled at Rs 22690/quintal on expect

Guar yesterday we have seen that market has moved 0.3% as export demand supported buying though rising a

World Bureau of Metal Statistics (WBMS) latest figures showed that the World Nickel market was in deficit during Jan-Sep 2010. The apparent demand of Nickel exceeded supply by 41000 tonnes that compares to a market deficit of 16500 tonnes in Jan-Sep 2009. For the whole year 2009 the markets of Nickel were in surplus of 28100 tonnes. Nickel has touched a low of Rs 971.7 a kg after opening at Rs.993, and last traded at Rs 991.For today market is looking for the support at 974.9, a break below could see a test of 958.9 and where as resistance is now likely to be seen at 1003.8, a move above could see prices testing 1016.7.

Trading Ideas:

World Zinc markets were in surplus for the period of Jan-Sep 2010 as per the report r