Jeera ended up as low level buying supported sentiment. Fundamentals remained weak on higher output estimates, dull physical demand and sufficient stocks. Spot jeera fell by over 12 rupees to end at 12,796.15 rupees per 100 kg in Unjha. February contract gained Rs 177 and settled at Rs 12401 a kg.

The contract made intraday low of Rs 12204 a kg and high of Rs 12649 a kg. Support for jeera is at 12187 below that could see a test of 11973. Resistance is now seen at 12632 above that could see a resistance of 12863.

Trading Ideas:

Jeera trading range is 12150-12650.

Jeera ended up as low level buying supported the prices

Now support for the jeera is at 12310 and resistance is at 13490.

Demat stock of jeera at NCDEX-monitored warehouses rose by 3 tonnes to 4918 tonnes

Spot jeera prices fell by over 12 rupees to end at 12,796.15 rupees per 100 kg

SELL JEERA FEB @ 12550 SL 12620 TGT 12500-12448-12400-12365.NCDEX