Jeera ended steady Saturday as fresh arrivals and weak demand limited the gains. Spot rates in Unjha, a key spot market in Gujarat, gained 32 rupees to end at 12004 rupees per 100 kg. Arrivals were rising steadily in the physical market. May contract settled flat at Rs 11680 a kg. The contract made intraday low of Rs 11650 a kg and high of Rs 11735 a kg. Support for jeera is at 11642 below that could see a test of 11603. Resistance is now seen at 11727 above that could see a resistance of 11773.

Trading Ideas:

Jeera trading range is 11603-11773.

Jeera ended steady Saturday as fresh arrivals and weak demand limited the gains

Support for the jeera is at 11600 and resistance is at 11770.

NCDEX accredited warehouses jeera stocks rose by 90 tonnes to 6679 tonnes.

In Unjha spot prices gained 32 rupees to end at 12004 rupees per 100 kg.

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