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Soyabean yesterday we have seen that market has moved 1.08% on good spot demand and expecting area under soybean may fall this year as it gave lower returns than cotton and pulses last year. In the Indore spot market, soybean rose by 15 rupees to 1,909 rupees per 100 kg. Market has opened at 1943 & made a low of 1943 versus the day high of 1969. The total volume for the day was at 77850 lots and the open interest was at 129850.Support for soyabean is at 1946 below that could see a test of 1932. Resistance is now seen at 1972 above that could see a resistance of 1984.

Trading Ideas:

Soyabean trading range is 1932-1984.

Mentha oil July contract gained Rs 4.4 and settled at Rs 703.2 a kg on buying suppor

Pepper August delivery gained Rs 516 and settled at Rs 19893/quintal on robust local demand, lim

Guar yesterday we have seen that market has moved 0.84% on good demand for guar gum from overseas countries amid a supply shortage. Demand from oil drilling companies is good. Exports may be better this year. In the Jodhpur spot market, guar seed slipped 15 rupees to end at 2,401 rupees per 100 kg. Market has opened at 2508 & made a low of 2489 versus the day high of 2530. The total volume for the day was at 362040 lots and the open interest was at 189590.Now support for the guar is seen at 2497 and below could see a test of 2473. Resistance is now likely to be seen at 2538, a move above could see prices testing 2555.

Trading Ideas:

U.S. nickel exports fell 45.8% in May from the previous month, but was up 128.9% from the previous year, the Commerce Department reported. Nickel has touched a low of Rs 904.1 a kg after opening at Rs.913, and last traded at Rs 905.For today market is looking for the support at 897.5, a break below could see a test of 890 and where as resistance is now likely to be seen at 919.1, a move above could see prices testing 933.2.

Trading Ideas:

Nickel trading range is 890-933.2.

U.S. nickel exports fell 45.8% in May but was up 128.9% from previous year

Nickel is getting support at 897.50 and resistance is at 911.60

U.S. zinc exports rose 96.4% in May from the previous month, and was up 154.6% from the previous year, the Commerce Department reported. Zinc yesterday we have seen that market has moved -0.88%. Market has opened at 86.05 & made a low of 84.8 versus the day high of 86.6. The total volume for the day was at 23392 lots and the open interest was at 6920.Now support for the zinc is seen at 84.5 and below could see a test of 83.7. Resistance is now likely to be seen at 86.3, a move above could see prices testing 87.3.

Trading Ideas:

Zinc trading range is 83.7-87.3.

U.S. zinc exports rose 96.4% in May from the previous month