Jeera hit new lows and ended down on higher production expected this season, weak physical demand and sufficient stocks. Prices are falling because the weather in the growing regions is favourable and output estimates this time are higher than last year. Spot prices of Jeera fell over 100 rupees and settled at 10284.55 rupees per 100 kg in Unjha.

February contract dropped Rs 251 and settled at Rs 12608 a kg. The contract made intraday low of Rs 12550 a kg and high of Rs 12920 a kg. Support for jeera is at 12465 below that could see a test of 12323. Resistance is now seen at 12835 above that could see a resistance of 13063.

Trading Ideas:

Jeera trading range is 12350-12950.

Jeera hit new lows and ended down on higher production expected this season

Now support for the jeera is at 12510 and resistance is at 12720.

Spot jeera prices fell by over 100 rupees and ended at 13,284.55 rupees per 100 kg

SELL JEERA FEB @ 12750 SL 12860 TGT 12700-12645-12570.NCDEX