Last Updated :
February 07, 2012 12:25
NCDEX jeera declines, resistance at Rs.14400-14550 :Angel
Jeera prices in the intraday are expected to witness further selling pressure due to dull demand from the overseas and domestic buyers. Also, favourable weather conditions and thereby better crop expectation may support bears in the market.
In the long term (March to April 2012) prices are likely to take cues from the crop growth status and weather in the growing regions.
According to earlier crop estimates output is expected to increase by 20%. This might pressurize jeera prices in the above mentioned period.
Jeera NCDEX Feb Futures Rs/qtl 13700-13860 resistance:14400-14550
Looking for Agri Research? Visit research.commodityonline.com
MCX Copper 29 June 2012
contract was trading at
Rs 400.9 , up Rs. 3.15 . What's your view on it?
