Last week Agri commodity index lost -28.06 points. NCDEX Index is still looking weak and it may slip up to 3136 levels before next weekend. Remember, 3136 level is reversal point. It may start rising up from here.
Jeera is dropping down since July 2016. In last week it had lost almost -455 rupees. Selling pressure are dragging downside the Jeera and it could go more down from here. We will see 16800 – 16500 – 16000 in upcoming days.
Resistance: 17557 levels
It can come back in uptrend if Jeera will close above to resistance consecutively 1-2 days!
NCDEX Guar seed in short-term downtrend. Stop loss for free users, last trading session high!