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NCDEX Jeera (Feb) : Short Term Bullish

Kotak Commodities | 06 Jan, 2015  | Follow Author | Add to my Favourites 
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NCDEX Jeera (Feb) : Short Term Bullish


NCDEX Jeera prices have been trading in a primary down trend indicated by lower tops lower bottoms. Prices after making high at Rs. 16915 declined sharply and trade in a down ward slopping channel (R-S) as shown above. Recently prices have given break out of this trend channel at Rs. 12200 with higher volumes. We expect Jeera prices to trade higher in medium term towards previous top Rs. 16900 and hence we recommend to go long in NCDEX Jeera (Feb) on decline till Rs.14800 for the target at Rs. 15947/16900.

About Kotak Commodities

Kotak Commodities is promoted by the Kotak family that has decades of experience in commodity trading, they have a full-fledged research division involved in macro & commodity complex research and commodity specific research. This is combined with a strong and well networked sales force, which helps deliver current and up-to-date market information and news. For more information visit their website.


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Disclaimer: The author has taken due care and caution to compile and analyse the data. The opinions expressed above are only the views of the author, and not a recommendation to buy or sell. Neither the author nor accept any liability whatsoever arising from the use of any of the above contents.


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