JEERA TRADING RANGE 14480-16280, GAIN AT 15680

• Jeera settled up 3.98% at 15680 continuous it's 7days rally as speculators enlarged their positions, supported by good demand in the spot market against tight supplies from producing belts.
• Jeera trading range for the day is 14480-16280.
• In Unjha, a key spot market in Gujarat, jeera remains unchanged at 0 rupees to end at 14686.65 rupee per 100 kg.
• Technically market is under short covering as market has witnessed drop in open interest by -1.77% to settled at 6489 while prices up 600 rupee.
• Now Jeera is getting support at 15080 and below same could see a test of 14480 level, and resistance is now likely to be seen at 15980, a move above could see prices testing 16280.