WEEKLY Jeera: Uptrend May Continue

MUMBAI (Commoditiescontrol) - Last week NCDEX Jeera May contract was traded in the region of INR 16260 and 16935 per quintal and finally settled the week around INR 16840.

Jeera as we rightly indicated has taken our mentioned last support of INR 16260 and then rebounds swiftly signalling room for further upward bias. Expect Jeera up trend to stay for a while and may test the higher resistances in the region of INR 17000 and INR 17300 levels.

(By Commoditiescontrol Bureau)