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Jul 24, 2012, 12.09 PM IST
Dani Commodities has come out with its report on Jeera. According to the research firm Jeera is likely to find support at Rs 15500-15400 level.
Dani Commodities has come out with its report on Jeera. According to the research firm Jeera is likely to find support at Rs 15500-15400 level.
Jeera futures plunged sharply on Monday with most active August contract ending the last day down by Rs 365 at Rs 15,800 after moving in the range of Rs 16200-15,600 per quintal. Jeera plunged on long liquidations as prices rallied sharply during the past few sessions and also on the back of bearish Agri commodities market. Jeera quoted at Rs 13000-14500 per quintal at Unjha market on Monday with arrivals and demand stood at 12,000 bags and 14,000 bags respectively. Technically, the NCDEX Jeera August delivery is likely to and support at Rs 15500-15400 and we expect a recovery from that level on bargain buying with next resistance at Rs 16,000-16,100 per quintal. Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
To read the full report click here Tags: Jeera, Dani Commodities
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