Jeera ended higher on Saturday on buying interest at low-levels, but rising arrivals in the physical market and higher output estimates limited the upside. Arrivals are expected to pick up in the next few days and would be peaking in March-April. Spot jeera jumped 30 rupees to 11,802.15 rupees per 100 kg in Unjha.

March contract gained Rs 41 and settled at Rs 11631 a kg. The contract made intraday low of Rs 11555 a kg and high of Rs 11670 a kg. Support for jeera is at 11578 below that could see a test of 11504. Resistance is now seen at
11682 above that could see a resistance of 11734.

Trading Ideas:

Jeera trading range is 11504-11734.

Jeera ended higher on buying interest at low-levels

Resistance for the jeera is at 11682 and support is at 11560 level.

NCDEX accredited warehouses jeera stocks seen at 4894 tonnes as on Feb 12.

BUY JEERA MAR @ 11600-620 SL 11540 TGT 11656-11690-11740.NCDEX