NCDEX JEERA GAINS OPEN INTEREST BY 1.8%

NCDEX Jeera prices retreated higher in the opening session and closed positively at 15080, up by 4 %. Currently, prices are required to break above the internal trend line resistance of 15150 for the following short covering rallies to continue to-wards 15260 followed by 15330 or further higher to 15500 levels.
In Unjha, a key spot market in Gujarat, jeera edged up by 450 rupees to end at 15500 rupee per 100 kg. Technically market is under fresh buying as market has witnessed gain in open interest by 1.8% to settled at 8499 while prices up 590 rupee, now Jeera is getting support at 15220 and below same could see a test of 15065 level, and resistance is now likely to be seen at 15455, a move above could see prices testing 15535.
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