MUMBAI(Commodity): Jeera futures are likely to trade higher on rise in demand in major spot-markets. As per market source, temperature which is reportedly higher than crop requirement has slowed down the sowing process in producing states.
Jeera December contract surged up by 1.01 per cent to 12445 on Thursday at India's National Commodity& Derivative Exchange (NCDEX).
Jeera December contract is likely to trade bullish for both short term and intra day. Short term support seen at 12100 and resistance at 12950. Intra day support is seen at 12350 and resistance at 12640.
JEERA (Dec) NCDEX:-
Pivot - 12415, S1-12170, S2-12020, S3-11625,
Close - 12320, R1-12565, R2-12810, R3-13205
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