Jeera ended a tad up on seasonal demand, falling stocks and a decline in arrivals. Spot rates in Unjha, a key spot market in Gujarat, gained 55.5 rupees to end at 11,999.50 rupees per 100 kg. Arrivals are expected to gain pace in the next few days and would peak in March-April, pressuring prices. April contract gained Rs 42 and settled at Rs 12166 a kg. The contract made intraday low of Rs 12050 a kg and high of Rs 12245 a kg. Support for jeera is at 12062 below that could see a test of 11959. Resistance is now seen at 12257 above that could see a resistance of 12349.

Trading Ideas:

Jeera trading range is 11955-12345.

Jeera ended a tad up on seasonal demand and falling stocks

Jeera looks to take support at 12060 and resistance at 12255 level

NCDEX accredited warehouses jeera stocks fell by 300 tonnes to 6312 tonnes.

Spot rates in Unjha prices ended at 11999.50 rupees up by 55.50 rupees per 100 kg

SELL JEERA APR @ 12160 SL 12220 TGT 12100-12040-12000.NCDEX