Jeera hit new lows and ended down on weak spot demand, higher output estimates and sufficient stocks. Prices are expected to remain weak in the coming sessions due to weak demand and higher output estimates. Spot jeera fell by over 228 rupees to end at 13,581.35 rupees per 100 kg in Unjha. January contract dropped Rs 63 and settled at Rs 12923 a kg. The contract made intraday low of Rs 12685 a kg and high of Rs 13024 a kg. Support for jeera is at 12731 below that could see a test of 12538. Resistance is now seen at 13070 above that could see a resistance of 13216.

Trading Ideas:

Jeera trading range is 12650-13200.

Jeera hit new lows and ended down on weak spot demand and sufficient stocks

Now support for the jeera is at 12810 and resistance is at 13050.

Spot Jeera fell by over 228 rupees to end at 13,581.35 rupees per 100 kg

SELL JEERA JAN @ 13100 SL 13170 TGT 13020-12965-12900.NCDEX