Commodity	:	Jeera
Exchange	:	NCDEX
Perspective	:	Very Short Term

NCDEX AUGUST CONTRACT





TECHNICALS:
From the chart we can see, Jeera prices remain weak and may continue its downtrend for the next week as well. However there is a firm support at 14000 levels and if prices remain above the support levels then we could see firm sentiments in the short run. Prices are below the short term EMAs which supports weakness. Market indicator MACD suggests decline in bearish momentum. RSI suggests RSI suggests increase in bullish momentum in the markets. Overall the trend still remains weak. In coming week we expect prices to remain range bound to weak and selling could be seen at highs.


OUTLOOK:
Participants may sell at resistances.


WEEKLY SUPPORT AND RESISTANCES (NCDEX):