Gold Silver Reports ~ Jeera NCDEX continue to fall down last week due to limited demand for the old season crop. Moreover, good weather in sowing states, sufficient carryover stocks with local traders and weak export demand at higher levels also weighs on price. Jeera Mar’16 contract fall 1.5 per cent to close at Rs. 13,395 per quintal.
Jeera NCDEX futures may trade lower on less supply of quality cumin coupled with good progress in Gujarat pressurizes prices at higher levels. However, lower level buying by the stockists due to dwindling stocks with traders and Exchange warehouses may keep the prices supported.
Jeera NCDEX Buy at 13300 – 13350, Stop Loss – 12700, Targets — 13750 — 13850