Market Magnify Jeera News Update

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Jeera on NCDEX settled up by 0.62% at 16960 on reports of lower production estimates in Gujarat and improved exports in 2016/17 financial year. The market is expecting good exports demand in coming weeks. The arrivals have been good in the physical market. There are expectations of increase in export demand at slightly lower levels.

 

Technically market is under fresh buying as market has witnessed gain in open interest by 2.86% to settled at 7863 while prices up 105 rupees, now Jeera is getting support at 16830 and below same could see a test of 16695 level, And resistance is now likely to be seen at 17085, a move above could see prices testing 17205.

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