NCDEX JEERA TRADED ON POSITIVE NOTE

Jeera turns bullish on strong export demand

• Jeera January futures traded on a positive note on Friday. Strong export demand supports the prices.
• Jeera January contract rose 3.6 per cent to 13225 on Friday at India's National Commodity& Derivative Exchange(NCDEX).
• Jeera January contract is likely to trade bullish for short term and sideways for intra day. Short term support seen at 12600 and resistance at 13870. Intra day support is seen at 12750 and resistance at 13100.

Jeera likely to consolidate range 12650-13000 levels with an upside bias

• Jeera futures (Jan) is expected to consolidate in the range of 12650-13000 levels with an upside bias. Steady tone witnessed in spot cumin seed prices at Unjha market on Thursday. The condition of the crop is not good enough due to unfavourable weather conditions.