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JEERA WEEKLY OUTLOOK
Last week Jeera September contract did our target of 13800 below the level of 14200 and even sustained below it. Last week Jeera October contract opened on a negative note and could not sustain at higher levels due to high selling pressure. Despite of a slight short covering later in the week in Jeera, it closed near the weekly low. For this week Jeera October contract has important resistance at 14500 and support at 13500.
JEERA WEEKLY TIPS
Jeera October contract is in a short term consolidate trend and one should use the strategy of sell on higher levels. If in this week Jeera October contract sustains above the level of 14500 then we can see the level of 14900. For downside if Jeera October contract breaks the level of 13500 we can expect the level of 13100.
PEPPER TREND :-
Last week Pepper September contract opened on a negative note but could not sustain at lower levels and we saw good buying coming in Pepper later in the week, but price faced resistance near the important level of 43825 and we saw a slight profit booking coming at the end of the week. For this week Pepper October contract has important resistance at 43825 and support at 42700.
PEPPER WEEKLY TIPS :-
Pepper October contract is in a major bullish trend. For this week in Pepper traders should go for buy on lower levels strategy, if Pepper October contract sustains above 43825, it can touch the level of 44625 and on the downside if it breaks the level of 42700 we can see the level of 41900.
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