NCDEX Jeera under fresh selling Support seen at 14525
India, Jan. 23 -- Technically Jeera market is under fresh selling as market has witnessed gain in open interest by 5. 75% to settled at 2040 while prices down 185 rupees.Now NCDEX Jeera is getting support at 14525 and below same could see a test of 14450 levels and resistance is now likely to be seen at 14710 a move above could see prices testing 14820.Jeera on NCDEX settled down by 1.25% at 14595 as adequate rainfall coupled with decent prices have brightened the prospects of cumin (jeera) farmers in Gujarat. The acreage sown with cumin in the state has increased by 44% and output is likely to rise by 25% in 2020.Favourable climatic conditions and improved water availability following good monsoon rains have brightened crop prospects. Jeer...
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