Jeera ended weak on fresh arrivals and slack overseas demand. Export enquiries are there but not significant to support prices. Arrivals at Unjha market are around 20,000-25,000 bags. Spot rates in Unjha, a key spot market in Gujarat, price dropped 30 rupees to end at 11,954 rupees per 100 kg. April contract dropped Rs 109 and settled at Rs 11877 a kg. The contract made intraday low of Rs 11782 a kg and high of Rs 12040 a kg. Support for jeera is at 11759 below that could see a test of 11642. Resistance is now seen at 12017 above that could see a resistance of 12158.

Trading Ideas:

Jeera trading range is 11636-12152.

Jeera ended weak on fresh arrivals and slack overseas demand

Jeera looks to take support at 11760 and resistance at 12020 level

Yesterday we have seen that open interest fell by 390 and volume rose by 792 lots.

Spot rates in Unjha prices dropped 30 rupees to end at 11,954

SELL JEERA APR @ 11950 SL 12000 TGT 11890-11835-11780.NCDEX