Commodity Outlook for Chana by KediaCommodity

ChanaChana fell on lacklustre local demand, rising arrivals and hopes of higher output. In Delhi spot market, price dropped 25 rupees to end 2,175 rupees per 100 kg. India's chana acreage as on April 8 stood at 8.93 million hectares, compared with 8.36 million hectares in the same period a year ago. Chana dropped Rs 18 and settled at Rs 2237 per quintal. The volume was noted at 65760 lots. Support for chana is at 2228 below that could see a test of 2220. Resistance is now seen at 2250 above that could see a resistance of 2264.

Trading Ideas:

Chana trading range is 2220-2264.

Chana fell on lacklustre local demand and rising arrivals

Clinton urges Obama to pick a nominee for Supreme Court justice from the political arena

Clinton urges Obama to pick a nominee for Supreme Court justice from the political arenaHe and his wife, Secretary of State Hillary Clinton, are too old to be Supreme Court justices, former U. S. President Bill Clinton said on Sunday.

His comments on ABC's "This Week" came after some had mentioned the secretary of state as a possible replacement for retiring Justice John Paul Stevens.

Commodity Outlook for Soyabean by KediaCommodity

SoybeanSoyabean weakened Saturday on weak spot market. Some part of sentiment is also weighed by lower meal exports. In Indore spot market in top producer Madhya Pradesh, soybean price eased by 8 rupees to 1,977 rupees. Soyabean yesterday we have seen that market has moved -1.5%. Market has opened at 2005 & made a low of 1971 versus the day high of 2005. The total volume for the day was at 43440 lots and the open interest was at 155700.Support for soyabean is at 1962 below that could see a test of 1949. Resistance is now seen at 1996 above that could see a resistance of 2017.

Trading Ideas:

Soyabean trading range is 1949-2017.

Commodity Outlook for Mentha Oil by KediaCommodity

Mentha OilMentha oil ended positive Saturday on short covering and firm sentiment at the physical market supported the price. May contract gained Rs 4 and settled at Rs 671.4 a kg. The contract made intraday low of Rs 662.1 a kg and high of Rs 673.6 a kg with the volume of 527 and total open interest for the same contact was at 2057.Now support for the menthol is seen at 664.5 and below could see a test of 657.5. Resistance is now likely to be seen at 676, a move above could see prices testing 680.5.

Trading Ideas:

Menthol Oil trading range is 657.5-681.

Mentha oil spot is at 748/-. Spot is down by Rs.4/-.

White House pushes financial reform legislation while Republicans denounce the measure

White House pushes financial reform legislation while Republicans denounce the measureAccording to the official reports, the White House pushed financial reform legislation Sunday, while Republicans denounced the measure and Sen. Scott Brown, R-Mass., threatened to filibuster it.

The Democratic-backed measure would allow bailouts of giant Wall Street financial institutions, Senate Majority Leader Mitch McConnell, R-Ky., said on CNN's "State of the Union."

Swastikas and images of Palestinian flags spray-painted on walls of a synagogue and a Jewish home

Swastikas and images of Palestinian flags spray-painted on walls of a synagogue and a Jewish homeSwastikas and images of Palestinian flags were spray-painted on the walls of a synagogue and a Jewish home Sunday morning, Police in Tel Aviv has informed.

Ynetnews. com said that the vandalism occurred at the Ajami neighborhood of Jaffa near the Arab-Jewish Center and an elementary school attended by Jews and Arabs.

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