NCDEX Jeera is trade fully bearish zone, last 1 month Jeera have jump around 2000 rs and Continue hits upper circuit due to high demand in physical market. Jeera prices are trading higher on anticipation of supply shortage and likely rise in demand from domestic and overseas markets. Declining arrivals, strong export demand may support the prices to trade high. However, profit booking at higher levels may limit the uptrend during the day.
Industrial buyers have already sourced sufficient quantity for the domestic requirements but the export demand may pickup due to good demand from China and other countries, as stock levels have been lower. In the next few months, the prices will depend on export demand. Jeera trade ended the day at Rs. 19400 per quin which is approx 2.29% up against its previous close.
For All invetor,s We recommend Buy Jeera futures for bumper profit.