CS JEERA UPDATE – 06 September 2013

Indian jeera, or cumin seed, futures rose on Thursday, supported by overseas demand though prospects of better sowing due to good rains and higher-than-expected supplies capped the gains. India is the world's biggest producer, exporter and consumer of the spice. Syria is the second-largest jeera producer in the world, followed by Turkey. Negligible supplies from these countries have raised demand for Indian jeera.
CS JEERA (OCT.) OVERVIEW:

TREND CONSOLIDATE

SUP1:13750,
SUP2:13620,
RESIST1:14055,
RESIST2:14182,


TRADING STRATEGY: BUY ON DIPS.
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