eera softened tracking weakness in spot market, sluggish overseas demand and hopes of higher output. Overseas demand is not picking up for Jeera. Harvesting of fresh crop has started in Syria. Spot rates in Unjha, a key spot market in Gujarat, dropped 50 rupees to end at 12,572 rupees per 100 kg. June contract dropped Rs 91 and settled at Rs 12289 a kg. The contract made intraday low of Rs 12275 a kg and high of Rs 12417 a kg. Support for jeera is at 12237 below that could see a test of 12185. Resistance is now seen at 12379 above that could see a resistance of 12469.

Trading Ideas:

Jeera trading range is 12185-12469.

Jeera softened tracking weakness in spot market and sluggish overseas demand

Support for the jeera is at 12185 and resistance is at 12380.

NCDEX accredited warehouses jeera stocks rose by 108 tonnes to 8332 tonnes.

JEERA WAIT FOR FRESH ENTRY ONLY A CLOSE ABV 12380 WILL TEST 12600 LEVEL.

In Unjha spot prices fell 50 rupees to end at 12,572 rupees per 100 kg