<div id='container'>
<div class='move'><div>
</div>
styles
<style>
#container{height:200px;width: 200px}
.move{height:10px;width:10px}
</style>
js
$('.move').draggable({
axis: 'y',
containment: 'parent'
})
$('#container').bind('mousewheel', function(event, delta) {
//call drag function
});