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Wednesday, June 01, 2011

NCDEX Jeera June (CMP Rs 13979):


The price of Jeera has registered a Head and shoulders break down on its daily charts as it closed below its neckline support level of `14150 levels. The price of Jeera is also trading below all of its key moving average clusters which is also a bearish signal. Thus, we recommend traders to sell between `13900—14200 levels with a stop loss placed above `14459 levels for downside targets of `13650 and `13350 levels.

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