Jeera hit fresh contract lows weighed by weak exports, rising arrivals and hopes of higher production. Jeera exports in January 2010 dropped by 46.66 percent to 2,000 tonnes on year, the Spices Board said. Spot jeera slipped 21 rupees to end at 11,635 rupees per 100 kg in Unjha. March contract dropped Rs 42 and settled at Rs 11303 a kg. The contract made intraday low of Rs 11212 a kg and high of Rs 11385 a kg. Support for jeera is at 11215 below that could see a test of 11127. Resistance is now seen at 11388 above that could see a resistance of 11473.

Jeera trading range is 11127-11473.

Jeera hit fresh contract lows weighed by weak exports and rising arrivals

Jeera exports in January 2010 dropped by 46.66 percent to 2,000 tonnes

NCDEX accredited warehouses jeera stocks seen at 4005 tonnes as on Feb 24.

SELL JEERA ON JUMP MAR @ 11440-11480 SL 11556 TGT 11400-11345-11265.NCDEX

Spot jeera prices slipped 21 rupees to end at 11,635 rupees per 100 kg