NCDEX Jeera February contract rose by 0.51 per cent to 14850 on Wednesday
Jeera February contract is likely to trade side ways for both short term and intra day. Short term support seen at 14200 and resistance at 15450. Intra day support is seen at 14900 and resistance at 15150.
The exports have already shot up 40% during the 1st half of the quarter. It is expected to remain high in coming months too – which could create a Bullish sentiment in the long term for the commodity. Finally a fall in area as reported amidst adverse weather conditions in growing areas could help keep market sentiments firm in the medium term.
Jeera February contract is likely to trade side ways for both short term and intra day. Short term support seen at 14200 and resistance at 15450. Intra day support is seen at 14900 and resistance at 15150.
The exports have already shot up 40% during the 1st half of the quarter. It is expected to remain high in coming months too – which could create a Bullish sentiment in the long term for the commodity. Finally a fall in area as reported amidst adverse weather conditions in growing areas could help keep market sentiments firm in the medium term.
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