Commodity	:	Jeera
Exchange	:	NCDEX
Perspective	:	Very Short Term

NCDEX AUGUST CONTRACT





TECHNICALS:
Candlestick formation reveals indecision between buyers and sellers. Prices closed below 9 and 18-day EMAs thus supporting the bearish momentum in short term. MACD is flat in the negative region and hints at a decline in bearish momentum in the markets. RSI is moving down in the neutral region and is supporting the bearish sentiments in the market. Cumin seed is likely to trade with a firm bias.


OUTLOOK:
Participants may buy on dips.


INTRADAY TRADE RECOMMENDATION / SUPPORT AND RESISTANCES (NCDEX):





Do not carry forward the position until the next day.