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Pepper yesterday gained by Rs 258 and settled at Rs 21893/quintal as  the reports of lower stocks

Guar as per expectation yesterday dipped by almost more than -2.02% witnessing some profit booking after

A threat of substantial oversupply looms in the global nickel market as strong prices encourage higher output and demand is lacklustre. Nickel has touched a low of Rs 959.5 a kg after opening at Rs.969.2, and last traded at Rs 986.7.For today market is looking for the support at 964.5, a break below could see a test of 942.4 and where as resistance is now likely to be seen at 1003.8, a move above could see prices testing 1021.

Trading Ideas:

Nickel trading range is 942.4-1021.

A threat of substantial oversupply looms in the global nickel market

Nickel is having resistance at 998.20 and support at 972.40 level.

Mitsui Mining & Smelting Co. said it lowered its zinc selling price by Y1,000 to Y240,000 a metric ton. This will bring the average zinc selling price for November to Y242,500. Zinc yesterday we have seen that market has moved -1.84%. Market has opened at 96.7 & made a low of 93.4 versus the day high of 97.95. The total volume for the day was at 43583 lots and the open interest was at 9552.Now support for the zinc is seen at 93.6 and below could see a test of 91.2. Resistance is now likely to be seen at 98.1, a move above could see prices testing 100.3.

Trading Ideas:

Zinc trading range is 91.2-100.3.

Copper prices ended nearly unchanged as an undercurrent of global macroeconomic concerns kept inve

Crude oil settled lower on persistent concerns that China will take steps to cool inflat