Soyabean futures wilted almost Rs 50 per quintal in todays trading on the back of strong sowing progress of soyabean crop during the kharif season along with fresh supplies in major producing states.
Maize prices closed lower by 0.72 per cent on Monday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of heavy selling activity by
Selling is likely to continue in barley market on the account of strong production in the current year along with steady stockiest liquidation during the monsoon.
The rupee rose by 15 paise to 55.19 against the dollar in early trade today on the Interbank Foreign Exchange as the American unit weakened against euro and other currencies overseas.
Hedge funds raised bullish commodity bets to the highest in 16 months before speculation that policy makers in the U.S., China and Europe will revive global growth pushed prices higher for a sixth week.
Pace of crude oil has been stopped. From the side of FOMC today evening to support for economy some important declaration may come. However if QE-3 timeline, look at any time, the Federal Reserve has been declared as a rise in crude oil, In year 2008 when QE1, 40 dollars of crude prices. After this QE in November 2010 and 22 times of crude and now it is at 65 dollars sense of 110 dollars....
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Chana futures overall witnessed a highly mixed trade during the last trading session. It opened firm, continued by sharp buying followed by some sharp profit booking to end almost weak........
Read More Here- http://tinyurl.com/7tffe6q
JEERA (JAN)
TREND Consolidate
RESISTANCE 2 16540
RESISTANCE 1 16220
SUPPORT 1 15600
SUPPORT 2 15280
STRATEGY Sell on higher Levels........
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Many investors are unaware of new tax that will be levied as part of the Supreme Court's decision to uphold President Obama's health care reform. The investment tax, as it is being referenced, will add 3.8% to dividends, capital gains, rents, royalties, annuity income, and interest.
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