NCDEX Jeera trading range for the day is 14655-15225 . Jeera settled down by -0.07% at 14950 on profit-taking as arrivals in some markets started to pick up. However downside seen limited on worries about crop damage and delayed harvest of the new season crop due to unseasonal rains in many spice producing areas. At New Delhi market total arrivals are at 27000 quintals, higher by 10000 quintals as compared to previous day.
At Jodhpur market total arrivals are at 100 quintals, lower by 900 quintals from previous trading day.
In Unjha, a key spot market in Gujarat, jeera edged up by 144.15 rupees to end at 15366.65 rupee per 100 kg.
Technically market is under fresh selling as market has witnessed gain in open interest by 17.17% to settled at 16236 while prices down -10 rupee, now Jeera is getting support at 14800 and below same could see a test of 14655 level, and resistance is now likely to be seen at 15085, a move above could see prices testing 15225.
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