Jeera ended positive node yesterday on some buying enquiries at low levels. Jeera exports in February 2010 dropped 17 percent to 2,500 tonnes on year. In Unjha spot prices of jeera gained 20 rupees higher to 12040 rupees per 100 kg. May contract gained Rs 40 and settled at Rs 11772 a kg. The contract made intraday low of Rs 11665 a kg and high of Rs 11845 a kg. Support for jeera is at 11676 below that could see a test of 11581. Resistance is now seen at 11856 above that could see a resistance of 11941.

Trading Ideas:

Jeera trading range is 11581-11941.

Jeera ended positive node yesterday on some buying enquiries at low levels

Support for the jeera is at 11680 and resistance is at 11860.

NCDEX accredited warehouses jeera stocks inched up by 1 ton to 6010 tonnes.

In Unjha spot prices gained 20 rupees to end at 12040 rupees per 100 kg.

SELL JEERA MAY BELOW 11700 SL 11787 TGT 11645-11600-11560. NCDEX