NCDEX JEERA BULLISH ON STRONG DEMAND

• The bullish momentum may continue to prevail in Jeera futures. Spot cumin seed gained Rs. 50-75/20kg at Unjha market on Tuesday due to demand from hedgers & overseas demand.
• Jeera futures are expected to trade on a mixed note to positive note as strong demand from the export and lower winter sowing data may up the prices.
• NCDEX Jeera January contract fell 1.43 percent to 15545 on Wednesday.
• Jeera January contract is likely to trade bullish for both short term and intra day. Short term support seen at 15150 and resistance at 16150. Intra day support is seen at 15570 and resistance at 15750,”.