December 17, 2017

MTECHTIPS

MTECHTIPS:Expect Jeera to trade negative; target Rs 14410

NCDEX jeera March contractWe can observe that jeera has been correcting sharply after facing resistance at the weekly upper Bollinger BandThe momentum indicators have a negative crossover and jeera is currently trading below the crucial supports. We expect jeera to trade with a negative bias for targets of Rs 14,420, which is the swing low, and Rs 13,940, which is the daily lower Bollinger Band. Traders can trail their stop loss at Rs 15,080, which is the swing high.

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