Jeera hit new lows and ended weak as higher output estimates, weak physical demand and sufficient stocks weighed on sentiment. The higher output estimates for jeera this season is hurting sentiment and export demand is also poor. Spot jeera fell by over 77 rupees to end at 12,700 rupees per 100 kg in Unjha. February contract dropped Rs -165 and settled at Rs 11590 a kg. The contract made intraday low of Rs 11536 a kg and high of Rs 11895 a kg. Support for jeera is at 11093 below that could see a test of 11315. Resistance is now seen at 11811 above that could see a resistance of 12033.

Jeera trading range is 11315-12033.

Jeera ended down as pressure from higher output estimates this season weighed on prices

Resistance for the jeera is at 11670 and support is at 11380 level.

Jeera exports in December 2009 dropped by 28 percent to 2,500 tonnes on year

SELL JEERA FEB @ 11650 SL 11720 TGT 11605-11560-11510. NCDEX

Spot jeera prices fell by over 32 rupees to end at 12281.25 rupees per 100 kg