Jeera fell nearly 3 percent as pressure from fresh arrivals and slack overseas demand continue to weigh on sentiment. Export enquires have not picked up in jeera. Weakness in other spices also hurt the sentiment. Unjha market is shut till March 31 on account of the financial year ending. April contract dropped Rs 335 and settled at Rs 11484 a kg. The contract made intraday low of Rs 11460 a kg and high of Rs 11878 a kg. Support for jeera is at 11337 below that could see a test of 11189. Resistance is now seen at 11755 above that could see a resistance of 12025.

Trading Ideas:

Jeera trading range is 11189-12025.

Jeera ended lower as pressure from fresh arrivals and slack overseas demand

Jeera looks to take support at 11360 and resistance at 11610 level

NCDEX accredited warehouses jeera stocks rose by 66 tonnes to 6483 tonnes.

Unjha market is shut till March 31 on account of the financial year ending

SELL JEERA APR @ 11650-700 SL 11880 TGT 11570-11500-11430.NCDEX