Jeera futures ended higher on Tuesday and are likely to add to gains on Wednesday on low-level buying, but rising arrivals and hopes of higher production may restrict the upside, yesterday march contract jumped Rs 252 and settled at Rs 11779 a kg. Buyers are showing some interest at lower levels, but the trend is not likely to last for longer period as arrivals are gradually increasing.

Arrivals are expected to pick up in the next few days and would be peaking in March-April. Jeera exports in December 2009 dropped by 28 percent to 2,500 tonnes on year, the Spices Board said. Spot jeera gained 11 rupees to end at 11,890 rupees per 100 kg in Unjha, a major trading hub in Gujarat. Support for jeera is at 11284 below that could see a test of 11388. Resistance is now seen at 11882 above that could see a resistance of 11986.

Jeera trading range is -3943-19637.

Jeera futures ended higher on low-level buying, but rising arrivals and hopes of higher production may restrict.

Buyers are showing some interest at lower levels, but the trend is not likely to hold as arrivals are increasing.

Resistance for the jeera is at 11820 and support is at 11560 level.

SELL JEERA MAR @ 11880 SL 11960 TGT 11820-11760-11680.NCDEX

Spot jeera gained 11 rupees to end at 11,890 rupees per 100 kg in Unjha