Commodity Outlook for Jeera by KediaCommodity

Commodity Outlook for Jeera by KediaCommodity Jeera ended down on dull spot demand, clear weather in the growing regions and sufficient stocks. Output estimates this time are higher from last year and that is one factor weighing on sentiment. However, clear output estimates can only be seen by the end of January.

Spot jeera fell by over 36 rupees to end at 14,571.05 rupees per 100 kg in Unjha. January contract dropped Rs 238 and settled at Rs 14475 a kg. The contract made intraday low of Rs 14433 a kg and high of Rs 14780 a kg. Support for jeera is at 14345 below that could see a test of 14216. Resistance is now seen at 14692 above that could see a resistance of 14910.

Trading Ideas:

Jeera trading range is 14100-14750.

Jeera ended down on dull spot demand and clear weather in the growing regions

Now support for Jeera will be at 14345 and resist is at 14580.

Spot Jeera fell by over 36 rupees to end at 14,571.05 rupees per 100 kg

BUY JEERA JAN @ 14350 SL 14280 TGT 14390-14465-14520.NCDEX