Jeera ended up on bargain buying as prices had fallen more than 20 percent since the start of the month. Low export demand and favourable weather in the growing regions will also keep up the pressure on prices.

Spot jeera rose by 10 rupees to end at 12,225.25 rupees per 100 kg in Unjha. February contract gained Rs 77 and settled at Rs 11602 a kg. The contract made intraday low of Rs 11515 a kg and high of Rs 11750 a kg. Support for jeera is at 11495 below that could see a test of 11387. Resistance is now seen at 11730 above that could see a resistance of 11857.

Trading Ideas:

Jeera trading range is 11350-11850.

Jeera ended up on bargain buying as prices had fallen more than 20% in Jan

Jeera is getting support at 11495 and resistance is at 11730.

In NCDEX accredited warehouses stock of jeera rose by 12 tonnes to 5008 tonnes

Spot jeera prices gained by over 10 rupees to end at 12,225.25 rupees per 100 kg

SELL JEERA FEB @ 11750 SL 11880 TGT 11690-11600-11520.NCDEX