Jeera ended firm on rising export demand and a firm spot. Jeera prices will rise in the coming days as export demand has shifted back to India.
Syria and Turkey are selling at a premium to Indian rates. Spot jeera rose over 389 rupees and ended at 12,748.9 rupees per 100 kg in Unjha. November contract gained Rs 501 and settled at Rs 13301 a kg.
The contract made intraday low of Rs 12900 a kg and high of Rs 13301 a kg. Support for jeera is at 13034 below that could see a test of 12766. Resistance is now seen at 13435 above that could see a resistance of 13568.
Trading Ideas: JEERA TRADING RANGE IS 12900-13750.
JEERA ENDED FIRM ON RISING EXPORT DEMAND AND A FIRM SPOT
BUY JEERA NOV AT 13200-280 SL 13080 TGT 13345-13422-13550.
A BREAK BELOW 3180 WILL FIND THE SUPPORT AT 13040-12900 LEVEL.
SYRIA AND TURKEY ARE SELLING AT A PREMIUM TO INDIAN RATES
IN UNJHA PRICES ROSE OVER 389 RUPEES AND ENDED AT 12,748.9 RUPEES PER 100 KG
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