Jeera continued exchanging reasonably feeble even as high instability held on. Absence of solid request in mandis kept pattern feeble for Jeera as business sectors neglected to recuperate. Indeed, even as lower creation continued supporting the costs, exporters are supposedly sitting tight for some more amendments before starting new request in mandis.
NCDEX Jeera August contract was exchanging around - 0.67% to 15555 levels on Friday(11.13am).
Milan Shah, agri research investigator at ware Online, said NCDEX Jeera August contract may exchange sideways for fleeting and intra day. Fleeting backing for NCDEX Jeera August contract is seen at 14800 and resistance at 16100. For intra day, backing is at 15550 and resistance at 15700.
Low request was noted as dealers sat tight for some more plunges before starting crisp request in the man-dis. Transient pattern looks slight frail as Monsoon sets in over Gujarat and Rajasthan in nearing weeks. General pattern looks firm in long haul however, in light of lower creation reports.
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