Helicopter crash leaves Pacific Northwest shocked

Helicopter crash leaves Pacific Northwest shockedIt has been reported that the loss of three crewmen in a helicopter crash off the Pacific Northwest had shocked the entire organization.

Adm. Robert Papp spoke at a memorial service Tuesday in Sitka, Alaska, the home base of the MH-60 rescue chopper that went down last week off La Push, Wash.

Papp said, "Our service, Air Station Sitka, the family and friends are all shocked by these events. Of all the events we face in life, the loss of a husband, brother, shipmate is the most difficult."

Bus breakdown halts Ignatieff tour

Bus breakdown halts Ignatieff tourIt 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."

Commodity Outlook for Jeera by KediaCommodity

JeeraJeera 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.

Commodity Outlook for Copper by KediaCommodity

TurmericTurmeric 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:

Commodity Outlook for Chana by KediaCommodity

ChanaChana 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

Commodity Outlook for Soyabean by KediaCommodity

SoybeanSoyabean 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:

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News in Focus

Kalyan Jewellers Share Price Target at Rs 786: BOB Capital Markets

BOB Capital Markets has upgraded Kalyan Jewellers to BUY from HOLD with a target price of Rs 786, implying about 18% upside from Rs 664.

Tata Steel Share Price Could Reach Rs 230: ICICI Securities

ICICI Securities has retained its BUY call on Tata Steel with a revised sum-of-the-parts target of Rs 230, implying 24% upside from Rs 185 over 12 months.

Pricol Share Price Target at Rs 935: Axis Securities

Axis Securities has kept its BUY call on Pricol Ltd with an unchanged target price of Rs 935, about 28% above the Nov. 5 closing price of Rs 728.

Mahindra & Mahindra Share Price Target at Rs 4,387: BOB Capital Markets

BOB Capital Markets has retained its BUY rating on Mahindra & Mahindra but trimmed its target price to Rs 4,387 from Rs 4,530, still implying about 40% upside from the Rs 3,128 market price.

ICICI Securities has maintained its BUY rating on Swiggy but cut its target price to Rs 400 from Rs 520, still implying about 90% upside from the Rs 211 market price.

Stylam Industries Share Price Target at Rs 3,750: ICICI Direct

ICICI Direct, the retail research arm of ICICI Securities, has maintained its BUY call on Stylam Industries with a revised 12-month target price of Rs 3,750, about 21% above the current market pric