Jeera snapped a four-day winning streak to end more than 1 percent lower on profit booking. Spot rates in Unjha, a key spot market in Gujarat, price dropped 15.5 rupees to end at 11,984 rupees per 100 kg. April contract dropped Rs 175 and settled at Rs 11980 a kg. The contract made intraday low of Rs 11961 a kg and high of Rs 12150 a kg. Support for jeera is at 11911 below that could see a test of 11841. Resistance is now seen at 12100 above that could see a resistance of 12219.

Trading Ideas:

Jeera trading range is 11843-12221.

Jeera snapped a four-day winning streak to end lower on profit booking

Jeera looks to take support at 11910 and resistance at 12100 level

NCDEX accredited warehouses jeera stocks rose by 171 tonnes to 6483 tonnes.

Spot rates in Unjha prices dropped 15.5 rupees to end at 11,984 rupees per 100 kg per 100 kg

BUY JEERA APR ABV 12000 SL 11920 TGT 12060-12110-12160.NCDEX