Fresh selling seen in Soyabean, down at 3343:->
Soyabean settled down -0.68% at 3343 on robust harvest data from United States, indicating ample supply situation and on subdued demand for the Indian meal in global market.
Technically market is under fresh selling as market has witnessed gain in open interest by 0.97% to settled at 82300 while prices down -23 rupee.
Technically market is under fresh selling as market has witnessed gain in open interest by 0.97% to settled at 82300 while prices down -23 rupee.
Now Soyabean is getting support at 3318 and below same could see a test of 3293 level, and resistance is now likely to be seen at 3361, a move above could see prices testing 3379.
Trading Ideas:-
Trading Ideas:-
Soyabean trading range for the day is 3293-3379.
At the Indore spot market in top producer MP, soybean dropped -28 rupee to 3279 rupee per 100 kgs.
At the Indore spot market in top producer MP, soybean dropped -28 rupee to 3279 rupee per 100 kgs.
Fresh buying seen in Mentha Oil, gains at 694.9:->
Menthaoil settled up 0.17% at 694.9 amid higher supplies from producing regions against sluggish demand from consuming industries in the spot market.
Technically market is under fresh buying as market has witnessed gain in open interest by 0.96% to settled at 8426 while prices up 1.2 rupee.
Technically market is under fresh buying as market has witnessed gain in open interest by 0.96% to settled at 8426 while prices up 1.2 rupee.
Now Menthaoil is getting support at 691.3 and below same could see a test of 687.6 level, and resistance is now likely to be seen at 697.6, a move above could see prices testing 700.2.
Trading Ideas:-
Mentha oil trading range for the day is 687.6-700.2.
Mentha oil spot is at 785/-. Spot market is up by Rs.3/-.
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