Commodity Outlook for Pepper by KediaCommodity

PepperPepper continued falling Saturday on sluggish demand in the spot market and poor overseas enquiries. Spot pepper dropped 78 rupees to end at 15,047 rupees per 100 kg in Kochi. In the international market demand is lower as our parity is high. May delivery dropped Rs 159 and settled at Rs 15211/quintal. The contract touched the intra day high of Rs 15370/quintal while low of Rs 15175/quintal. Now support for the pepper is seen at 15134 and below could see a test of 15057. Resistance is now likely to be seen at 15329, a move above could see prices testing 15447.

Trading Ideas:

Pepper trading range is 15057-15447.

Commodity Outlook for Guar by KediaCommodity

GuarGuar ended down on Saturday due to profit booking by traders. Weak spot market prices also weighed. In Jodhpur, a major trading hub in Rajasthan, guar fell 19 rupees to 2,356 rupees per 100 kg. Guar yesterday we have seen that market has moved -1.09%. Market has opened at 2382 & made a low of 2361 versus the day high of 2392. The total volume for the day was at 152660 lots and the open interest was at 183680.Now support for the guar is seen at 2355 and below could see a test of 2343. Resistance is now likely to be seen at 2386, a move above could see prices testing 2405.

Trading Ideas:

Guar trading range is 2343-2405.

Commodity Outlook for Nickel by KediaCommodity

NickelChina Minmetals Corp is considering whether to reopen the Avebury nickel mine in Australia. Avebury nickel mine produced 2,000 tons of nickel in 2008 but was shut down in 2009 because of low nickel prices. Nickel has touched a low of Rs 1184 a kg after opening at Rs.1184.7, and last traded at Rs 1185.4.For today market is looking for the support at 1183.7, a break below could see a test of 1182 and where as resistance is now likely to be seen at 1187.4, a move above could see prices testing 1189.4.

Trading Ideas:

Nickel trading range is 1182-1189.4.

Minmetals may reopen nickel mine in Australia

Commodity Outlook for Zinc by KediaCommodity

ZincMitsui Mining & Smelting Co. said it raised its zinc selling price by Y5,000 to Y270,000 a metric ton.  This will bring the average zinc selling price for April to Y267,500. Zinc yesterday we have seen that market has moved 0.19%. Market has opened at 106.75 & made a low of 106.7 versus the day high of 106.9. The total volume for the day was at 499 lots and the open interest was at 3327.Now support for the zinc is seen at 106.7 and below could see a test of 106.6. Resistance is now likely to be seen at 106.9, a move above could see prices testing 107.

Trading Ideas:

Zinc trading range is 106.6-107.

YouTube video showing police officer kicking young men outside a nightclub prompted an outside investigation

YouTube video showing police officer kicking young men outside a nightclub prompted an outside investigationAccording to police officials, a YouTube video showing a police officer in Calgary, Alberta, kicking young men outside a nightclub has prompted an outside investigation.

The Calgary Herald has reported that Jamie Graham, the police chief in Victoria, where the incident happened outside a nightclub March 20, said Calgary police have agreed to his request to conduct an independent investigation.

Commodity Outlook for Copper by KediaCommodity

CopperCopper ended positive on some slight short covering after falling Friday after regulators accuse

Pages

News in Focus

Mitesh Thakkar: BUY TCS, Dr Reddy’s; SELL Axis Bank and BPCL

Market analyst Mitesh Thakkar has suggested two BUY Calls and two SELL Calls for today’s trading session.

Ashwani Gujral: BUY Tech Mahindra, Divi’s Labs, Sun TV; SELL M&M Finance and Manappuram Finance

Market analyst Ashwani Gujral has suggested three BUY Calls and two SELL Calls for today’s trading session. Indian markets have been facing selling pressure as global trends have turned bearish.

Mitesh Thakkar: BUY HCL Technologies, Godrej Consumer; SELL Bajaj Finance and ONGC

Market analyst Mitesh Thakkar has suggested two BUY Calls and two SELL Calls for today’s session. Indian markets are expected to trade lower today, especially after yesterday’s big decline.

Sudarshan Sukhani: BUY UPL, Apollo Hospitals; SELL Coal India and Axis Bank

Technical analyst Sudarshan Sukhani has suggested two BUY Calls and two SELL Calls for today’s trading session.

Mitesh Thakkar: BUY Cipla, Bharti Airtel; SELL Bajaj Finserv and Hindustan Unilever

Market analyst Mitesh Thakkar has suggested two BUY Calls and two SELL Calls for today’s trading session.

Sudarshan Sukhani: BUY Dabur, UPL, Aurobindo Pharma; SELL PVR

Technical analyst Sudarshan Sukhani has suggested three BUY Calls and one SELL Call for today’s trading session.