Commodity Market Overview For Jeera:
Last week Jeera did our target of 15600 below the level of 15900 but did not sustained at lower level. Last week initially, Jeera was bearish but it showed good recovery in the later part of the week. For the next week Jeera has resistance at16250 and support at 15450.
WEEKLY PIVOTS
Script Levels
R3 17430
R2 16640
R1 16260
PP 15850
S1 15470
S2 15070
S3 14280
STRATEGY
Jeera is in a consolidation phase and one should use the strategy of sell on higher levels. If in the coming week Jeera sustains below the level of 15450 then we can expect the level of 15100, and if it sustains above 16250 then we can see the level of 16550.
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