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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.

Mentha oil July contract gained Rs 2.3 and settled at Rs 686.2 a kg as some low level buying is seen. The contract made intraday low of Rs 680.2 a kg and high of Rs 687.7 a kg with the volume of 1634 and total open interest for the same contact was at 4451.Now support for the menthol is seen at 681.7 and below could see a test of 677.2. Resistance is now likely to be seen at 689.2, a move above could see prices testing 692.2.

Trading Ideas:

Menthol Oil trading range is 676.9-692.

Resistance for the mentha oil is at 689.20.

Mentha oil looks to take support at 681.70.

No change for yesterday’s outlook, after the Yen’s strength penetrated the lows of last December & January, we were left with no notable support protecting the 15-year low which was reached last November at 84.81! We will not be a bit surprised if this pair started to move in that direction, and tried to break that low! On the contrary, we have been expecting this for weeks now, and it was included in our reports several times. But, signs show that the possibility of a rising correction to correct the fall from Wednesday’s top 89.09 to Friday’s low 86.25 is growing. On the top of these signs: the inverted hammer formation, which appeared on the daily chart, and the completed

Pepper August delivery dropped Rs 4 and settled at Rs 20655/quintal retreated from fresh contract highs hit earlier in the day as profit-booking emerged after rising more than 8 percent in seven sessions. Spot pepper fell 82 rupees to 20,259 rupees per 100 kg in Kochi, a major trading hub in Kerala. The contract touched the intraday high of Rs 20814/quintal while low of Rs 20311/quintal. Now support for the pepper is seen at 20373 and below could see a test of 20090. Resistance is now likely to be seen at 20876, a move above could see prices testing 21096.

Trading Ideas:

Pepper trading range is 20090-21096.