Thursday 22 January 2015

NCDEX JEERA DOWN BY -1.48% AT 15960


Jeera NCDEX, jeera trading tips, Agri Commodity Tips, free agri calls
  • NCDEX JEERA trading range for the day is 15375-16815 . Jeera settled down by -1.48% at 15960 amidst subdued demand in the spot markets but upside seen limited on an estimated drop in production. Besides, weak export demand and rising supplies in the spot markets also put pressure on prices.
  • Jeera is sown from October till the beginning of December and harvesting starts in February. March-April will be the months of peak arrivals. 
  • In Unjha, a key spot market in Gujarat, jeera edged down by -23.1 rupees to end at 16292.3 rupee per 100 kg
  • Technically market is under long liquidation as market has witnessed drop in open interest by -4.62% to settled at 15108 while prices down -240 rupee, now Jeera is getting support at 15670 and below same could see a test of 15375 level, and resistance is now likely to be seen at 16390, a move above could see prices testing 16815.

0 comments:

Post a Comment