Jeera ended higher on bargain-buying after losing almost 8 percent in the last seven sessions on rising arrivals in the physical market. Arrivals were rising steadily in the physical market. The peak arrival season runs from March to April. Prices may fall once the spot market opens as arrivals will increase. April contract gained Rs 403 and settled at Rs 11738 a kg. The contract made intraday low of Rs 11390 a kg and high of Rs 11768 a kg. Support for jeera is at 11496 below that could see a test of 11254. Resistance is now seen at 11874 above that could see a resistance of 12010.

Trading Ideas:

Jeera trading range is 11254-12010.

Jeera ended higher Saturday on bargain-buying

Jeera looks to take support at 11610 and resistance at 11880 level

NCDEX accredited warehouses jeera stocks rose by 114 tonnes to 7079 tonnes.

In Unjha spot prices on Saturday ended at 12006 rupees per 100 kg.

SELL JEERA APR ON JUMP @ 11850 SL 11940 TGT 11780-11730-11660.NCDEX