Commodity Outlook for Guar by KediaCommodity

GuarGuar dropped as weak spot demand outweighed thin arrivals and an output drop. Demand is not supporting prices. But export demand may emerge in the market in coming weeks. In the Bikaner spot market in Rajasthan, price fell 16 rupees to 2,317 rupees per 100 kg. Guar yesterday we have seen that market has moved -1.58%. Market has opened at 2340 & made a low of 2305 versus the day high of 2357. The total volume for the day was at 114890 lots and the open interest was at 124810.Now support for the guar is seen at 2288 and below could see a test of 2270. Resistance is now likely to be seen at 2340, a move above could see prices testing 2374.

Trading Ideas:

Commodity Outlook for Nickel by KediaCommodity

NickelAccording to a report released by the German Federal Statistical Office, nickel imported by Germany for steel production was 60% more expensive in February 2010 as compared to February 2009 and was up by 7.6% as compared to the previous month. Nickel has touched a low of Rs 1118 a kg after opening at Rs.1133, and last traded at Rs 1129.4.For today market is looking for the support at 1116.8, a break below could see a test of 1104.2 and where as resistance is now likely to be seen at 1143.2, a move above could see prices testing 1157.

Trading Ideas:

Nickel trading range is 1104.2-1157.

Germany February nickel import price up by 7pct YoY

Phalodi air base to be dedicated to the service of nation today

Phalodi air base to be dedicated to the service of nation today The Phalodi air field in Rajasthan will be dedicated by the Indian Air Force (IAF) chief, Air Chief Marshal P V Naik to the service of the nation today.

The new airfield is considered as a step towards bridging gap in air defense in the western sector. The Phalodi airfield is replete with modern infrastructure.

The distance between the two airbases at Jaisalmer and Jodhpur will be straddle by the airbase which is strategically located between them.

Commodity Outlook for Zinc by KediaCommodity

ZincMitsui Mining plans cut in H1 zinc output: Japan's Mitsui Mining and Smelting Company plans to produce 0.9% less zinc in April to September than a year earlier, reflecting a slump in demand for the metal. Zinc yesterday we have seen that market has moved -0.09%. Market has opened at 107.5 & made a low of 106.7 versus the day high of 108.25. The total volume for the day was at 9261 lots and the open interest was at 4164.Now support for the zinc is seen at 106.5 and below could see a test of 105.8. Resistance is now likely to be seen at 108, a move above could see prices testing 108.9.

Trading Ideas:

Zinc trading range is 105.8-108.9.

Arjun Rampal Plays Bade Bhaiyya To Ranbir

Arjun Rampal Plays Bade Bhaiyya To RanbirIn Raajneeti Arjun Rampal is cast as Ranbir Kapoor's zany flamboyant elder brother. The brotherly camaraderie spilt over from the screen, and the two guys were often seen indulging in brotherly activities on location in Bhopal including playing pranks on Katrina Kaif, though on screen they were required to be emotionally and geographically distanced from one another.

Commodity Outlook for Copper by KediaCommodity

CopperCopper ended steady recovering its most of the losses on overseas demand prospects, triggered by strong data, was offset by a strong rupee, which made the dollar-quoted asset cheaper. Chile's copper output will rise around 3 percent in 2010 from last year's levels and the government expects strong demand from China to underpin the market. Copper has touched a low of Rs 352.8 a kg after opening at Rs 356, and last traded at Rs355.3.For today market is looking for the support at 352.7, a break below could see a test of 350.1 and where as resistance is now likely to be seen at 358, a move above could see prices testing 360.7.

Trading Ideas:

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