Jeera ended lower on poor export demand and increasing arrivals. Weak export demand is a limiting factor for a sharp rise in prices. In Unjha spot prices rose by 61 rupees and ended at 12142 rupees per 100 kg. April contract dropped Rs -43 and settled at Rs 11586 a kg.

The contract made intraday low of Rs 11500 a kg and high of Rs 11689 a kg. Support for jeera is at 11494 below that could see a test of 11403. Resistance is now seen at 11683 above that could see a resistance of 11781.

Trading Ideas:

Jeera trading range is 11403-11781.

Weak export demand is a limiting factor for a sharp rise in prices

Jeera looks to take support at 11480 and resistance at 11710 level

NCDEX accredited warehouses jeera stocks fell by 1455 tonnes to 5719 tonnes.

In Unjha spot prices rose by 61 rupees and ended at 12142 rupees per 100 kg.

BUY JEERA APR @ 11480-500 SL 11420 TGT 11560-11612-11680.NCDEX