Group items tagged

Jeera prices were on a consolidation mode for the past three days and last week closed the day at 15290 levels. As prices are able to hold above the horizontal trend line support of 14900 could see prices to move higher towards 15500/15845 followed by 16000 levels. Moreover, prices are also trading EMA cluster support suggests a near term bullish trend. Daily RSI (14) is also treading positive for the day. However, a break below the support of 14500 could return the bearish mood in the counter. Hence, we recommend buying on dips or firm above 15500 levels.

The markets opened in the negative territory today. At present, both the indices are trading very flat with the Sensex down 11 points at 15959 and Nifty down by 3 points at 4775. Banking stocks were under selling pressure, falling nearly 0.5 per cent. Auto and FMCG stocks also traded lower.