Jeera futures witnessed heavy selling in the past five trading sessions. NCDEX Jeera futures ended down in the last five sessions on weak demand and increasing arrivals in major mandis. Jeera exports in December 2009 dropped by 28 percent to 2,500 tonnes on year, the Spices Board said.

 The current year crop expected to be higher on favorable weather. March contract dropped Rs -5 and settled at Rs 11551 a kg. The contract made intraday low of Rs 11471 a kg and high of Rs 11649 a kg. The open interest added 1.81 percent to 9,639 tonnes, indicating short selling and volume traded as of now stood at 1,692 tonnes. Jeera prices augmented by Rs 100 per quintal in today's trading with the fresh arrivals of around 4000 bags against 4500 bags reported previously at Unjha Mandi. Support for jeera is at 11287 below that could see a test of 11379. Resistance is now seen at 11643 above that could see a resistance of

Jeera trading range is 11200-11800.

Jeera fell yesterday on rising arrivals, higher output estimates

Around 4,000 bags of new crop have arrived in the market, weather is also favourable

Resistance for the jeera is at 11710 and support is at 11560 level.

BUY JEERA MAR ABV 11450 SL 11380 TGT 11494-11525-11580. NCDEX

NCDEX accredited warehouses jeera stocks seen at 4912 tonnes as on Feb 8.