Jeera ended lower on hopes of higher output and sluggish overseas demand. Production in 2010 is seen rising to 2.9 million bags of 60 kg each from 2.7 million bags in 2009. Spot rates in Unjha price gained 30 rupees to end at 12,005 rupees per 100 kg. May contract dropped Rs 41 and settled at Rs 11740 a kg. The contract made intraday low of Rs 11710 a kg and high of Rs 11845 a kg. Support for jeera is at 11685 below that could see a test of 11630. Resistance is now seen at 11820 above that could see a resistance of 11900.

Jeera trading range is 11630-11900.

Jeera ended lower on hopes of higher output and sluggish overseas demand

Support for the jeera is at 11685 and resistance is at 11820.

NCDEX accredited warehouses jeera stocks fell by 9 tonnes to 6939 tonnes.

BUY JEERA MAY @ 11680-700 SL 11620 TGT 11765-11840.NCDEX

In Unjha spot prices gained 30 rupees to end at 12,005 rupees per 100 kg.