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There is no denying to the fact that Toyota has taken its own time in realizing the true potential of the Indian automotive market but now that it has, the company is ensuring that it is able to grab a substantial chunk of the domestic circuit.

It is to be mentioned here that the company is aiming to sell close to 70,000 units in this year, which is way up as compared to the 55,000+ units the company sold in the last year.

In fact, after it launches its much-awaited Etios model in the Indian market, the company expects to produce close to 70,000 units of the product.

Natural gas ended higher amid forecasts for hot weather, as a potential storm-thr

Jeera August contract gained Rs 419 and settled at Rs 14935 a kg on firm global prices, good local demand and poor stocks. Overseas demand may divert towards India as Syria is quoting at a premium. In the international market, Indian jeera is quoted in the range of $2,900-$3,000 per tonnes while Syrian produce is at $3,200 range per tonnes. At Unjha, the spot market in Gujarat, jeera gained 230.5 rupees to end at 14,151.50 rupees per 100 kg. The contract made intraday low of Rs 14516 a kg and high of Rs 14940 a kg. Support for jeera is at 14654 below that could see a test of 14373. Resistance is now seen at 15078 above that could see a resistance of 15221.

Trading Ideas:

Turmeric yesterday we have seen that market has moved 0.79% tracking bullish cues from the

Chana dropped Rs 20 and settled at Rs 2347 per quintal on profit-taking driven by ample stocks and on concerns over higher deliveries. Long liquidation is seen in chana as deliveries are expected to be higher. In Delhi spot market, chana fell 9 rupees to end at 2,275 rupees per 100 kg. The volume was noted at 153700 lots. Support for chana is at 2331 below that could see a test of 2314. Resistance is now seen at 2371 above that could see a resistance of 2394.

Trading Ideas:

Chana trading range is 2314-2394.

Chana ended weak on profit-taking driven by ample stocks

Support for the chana is seen at 2331 and resistance is at 2371.

Soyabean yesterday we have seen that market has moved -1.34% on profit-taking driven by weakness in overseas markets, though poor rainfall limited the downside. In the Indore spot market, soybean eased by 2 rupees to 1,972 rupees per 100 kg. Market has opened at 2050 & made a low of 2020 versus the day high of 2050. The total volume for the day was at 91590 lots and the open interest was at 116940.Support for soyabean is at 2011 below that could see a test of 2001. Resistance is now seen at 2041 above that could see a resistance of 2061.

Trading Ideas:

Soyabean trading range is 2001-2061.