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It has been reported that Canadian Liberal leader Michael Ignatieff's tour of the country got off to a bit of a rough start on Tuesday when his bus broke down.

The Toronto Star has reported that transmission problems apparently forced the red-and-white bus to the shoulder of the road near Hawkesbury, near the Ontario-Quebec border.

Ignatieff joked he had heard a rumor Conservative Prime Minister Stephen Harper had been spotted making a getaway "with motor oil on his hands."

Jeera August contract dropped Rs 122 and settled at Rs 13880 a kg on profit-taking after prices rose 10 percent in six trading sessions. At Unjha, the benchmark spot market in Gujarat, jeera gained 111 rupees to end at 13,611 rupees per 100 kg. Production in 2010 is seen rising to 2.9 million bags of 60 kg each from 2.7 million bags in 2009. The contract made intraday low of Rs 13860 a kg and high of Rs 14170 a kg. Support for jeera is at 13770 below that could see a test of 13660. Resistance is now seen at 14080 above that could see a resistance of 14280.

Trading Ideas:

Jeera trading range is 13667-14287.

Turmeric yesterday we have seen that market has moved -0.62%  on profit-booking after rising nearly 5 percent in six trading sessions and on hopes of revival in monsoon, which may boost sowing. In Nizamabad, a major spot market in Andhra Pradesh, turmeric was up 110 rupees to 15,085 rupees per 100 kg. Market has opened at 14710 & made a low of 14624 versus the day high of 14822. The total volume for the day was at 2140 lots and the open interest was at 6875.Support for turmeric is at 14597 below that could see a test of 14511. Resistance is now seen at 14795 above that could see a resistance of 14907.

Trading Ideas:

Chana dropped Rs 11 and settled at Rs 2292 per quintal as ample stocks and good rainfall over kharif pulses growing areas that led to sufficient moisture in the soil accelerated sowing. Rainfall in the past week has accelerated sowing of kharif pulses in our area. In Delhi spot market, chana gained 27 rupees to end at 2,199 rupees per 100 kg. The volume was noted at 132800 lots. Support for chana is at 2280 below that could see a test of 2267. Resistance is now seen at 2316 above that could see a resistance of 2339.

Trading Ideas:

Chana trading range is 2269-2341.

Chana ended weak as ample stocks and good rainfall accelerated sowing

Soyabean yesterday we have seen that market has moved -0.46% as sowing picked up in main growing areas. Soybean sowing has been accelerated in central India. Farmers are bringing old stock in spot market fearing prices may fall once new crop arrivals start from October. In the Indore spot market, soybean fell by 6 rupees to 1,894 rupees per 100 kg. Market has opened at 1945 & made a low of 1931 versus the day high of 1955. The total volume for the day was at 47880 lots and the open interest was at 125830.Support for soyabean is at 1929 below that could see a test of 1918. Resistance is now seen at 1953 above that could see a resistance of 1966.

Trading Ideas:

Mentha oil July contract dropped Rs 8 and settled at Rs 697.9 a kg tracking weakness in spot market. The contract made intraday low of Rs 697 a kg and high of Rs 707.2 a kg with the volume of 1883 and total open interest for the same contact was at 4495.Now support for the menthol is seen at 694.2 and below could see a test of 690.5. Resistance is now likely to be seen at 704.4, a move above could see prices testing 710.9.

Trading Ideas:

Menthol Oil trading range is 690.8-711.

Resistance for the mentha oil is at 704.40.

Mentha oil looks to take support at 694.20.