Jeera ended positive on Saturday on some short covering.  There is no change in the fundamentals but lower levels are attracting buyers. Prices are not looking strong in long run because export demand is still weak. Spot rates in Unjha, a key spot market in Gujarat, price gained rose 32 rupees to end at 12,750 rupees per 100 kg. June contract gained Rs 192 and settled at Rs 12815 a kg. The contract made intraday low of Rs 12650 a kg and high of Rs 12876 a kg. Support for jeera is at 12685 below that could see a test of 12554. Resistance is now seen at 12911 above that could see a resistance of 13006.

Trading Ideas:

Jeera trading range is 12554-13006.

Jeera ended positive on Saturday on some short covering.  

Support for the jeera is at 12680 and resistance is at 12930.

NCDEX accredited warehouses jeera stocks rose by 50 tonnes to 7126 tonnes.

SELL JEERA JUNE BELOW 12800 SL 12920 TGT 12725-12640.NCDEX

In Unjha spot prices rose 32 rupees to end at 12,750 rupees per 100 kg