Jeera fell over 1 percent on tepid overseas demand, hopes of higher output and weakness in spot market. Export demand is not active. Syria is expected to produce about 25,000-28,000 tonnes of jeera this year. Spot rates in Unjha dropped 75 rupees to end at 12,615 rupees per 100 kg. June contract dropped Rs 154 and settled at Rs 12430 a kg. The contract made intraday low of Rs 12270 a kg and high of Rs 12587 a kg. Support for jeera is at 12271 below that could see a test of 12112. Resistance is now seen at 12588 above that could see a resistance of 12746.

Trading Ideas:

Jeera trading range is 12112-12746.

Jeera fell on tepid overseas demand and hopes of higher output

Support for the jeera is at 12270 and resistance is at 12580.

NCDEX accredited warehouses jeera stocks rose by 219 tonnes to 7765 tonnes.

In Unjha spot prices fell 75 rupees to end at 12,615 rupees per 100 kg

BUY JEERA JUNE @ 12482 SL 12380 TGT 12540-12600-12640.NCDEX (BTST)