Jeera on Saturday ended down due to slight profit booking at the week end. Lower levels may attract stockiest and retailers to buy the commodity. Prices may get some support once arrival pressure slows down in the physical market after April. Spot rates in Unjha, a key market in Gujarat, gained 31 rupees to end at 12020 rupees per 100 kg. May contract dropped Rs -60 and settled at Rs 11732 a kg. The contract made intraday low of Rs 11712 a kg and high of Rs 11915 a kg. Support for jeera is at 11658 below that could see a test of 11583. Resistance is now seen at 11861 above that could see a resistance of 11989.

Trading Ideas:

Jeera trading range is 11583-11989.

Jeera on Saturday ended down due to slight profit booking at the week end.

Support for the jeera is at 11660 and resistance is at 11860.

NCDEX accredited warehouses jeera stocks rose by 65 tonnes to 6009 tonnes.

In Unjha spot prices gained 31 rupees to end at 12020 rupees per 100 kg.

SELL JEERA MAY ON JUMP @ 11780-800 SL 11870 TGT 11712-11660-11600. NCDEX