Jeera softened on traders opted to book profit after prices rose nearly 9 percent in the last six sessions and on dull overseas demand. Spot rates in Unjha, price gained 36.5 rupees to end at 12,521 rupees per 100 kg. Estimates of higher output also weighed on the sentiment. JUNE contract dropped Rs 120 and settled at Rs 12871 a kg. The contract made intraday low of Rs 12830 a kg and high of Rs 13020 a kg. Support for jeera is at 12794 below that could see a test of 12717. Resistance is now seen at 12984 above that could see a resistance of 13097.

Trading Ideas:

Jeera trading range is 12717-13097.

Jeera softened on traders opted to book profit after prices

Support for the jeera is at 12740 and resistance is at 12980.

NCDEX accredited warehouses jeera stocks rose by 120 tonnes to 7122 tonnes.

SELL JEERA JUNE @ 12950-980 SL 13070 TGT 12860-12780-12720.NCDEX

In Unjha spot prices gained 36.5 rupees to end at 12,521 rupees per 100 kg