India, Sept. 16 -- Technically Jeera market is under short covering as market has witnessed drop in open interest by 3. 68% to settled at 2043 while prices up 150 rupees.
Now NCDEX Jeera is getting support at 14040 and below same could see a test of 13935 levels and resistance is now likely to be seen at 14210 a move above could see prices testing 14275.
Jeera yesterday settled up by 1.07% at 14145 on some lower level buying and revival in export buying in the global markets However upside seen limited on update production of jeera may rise 29% to 535500 tn in the 2019-20.
Jeera exports are likely to have slumped over 59% on year to 20000 tn in Jan-Mar as the coronavirus pandemic hit demand in key markets such as China. India was at an a...