Jeera softened on tepid overseas demand and estimates of higher output, a trend which may continue in the next session. Output in Syria is expected to be steady at 25,000 tonnes. Overseas demand is showing no signs of recovery. Spot rates in Unjha, a key spot market in Gujarat, dropped 19.5 rupees to end at 12,552 rupees per 100 kg. June contract dropped Rs 67 and settled at Rs 12225 a kg. The contract made intraday low of Rs 12179 a kg and high of Rs 12297 a kg. Support for jeera is at 12170 below that could see a test of 12116. Resistance is now seen at 12288 above that could see a resistance of 12352.Jeera trading range is 12116-12352.

Jeera softened on tepid overseas demand and estimates of higher output

Support for the jeera is at 12170 and resistance is at 12290.

NCDEX accredited warehouses jeera stocks rose by 3 tonnes to 8335 tonnes.

JEERA IS TRADING IN THE RANGE ONLY A BREAK ABV 12365 CAN JUMP TO TEST 12600 LEVEL.

In Unjha spot prices fell 19.5 rupees to end at 12,552 rupees per 100 kg