Jeera July contract dropped Rs 72 and settled at Rs 12181 a kg on tepid overseas demand and hopes of higher output. Arrivals have again picked up in the domestic market. Syria and Turkey are offering at a discount in the international market. In Unjha, a key spot market in Gujarat, jeera fell 83 rupees to end at 12,567 rupees per 100 kg. The contract made intraday low of Rs 12170 a kg and high of Rs 12310 a kg. Support for jeera is at 12131 below that could see a test of 12080. Resistance is now seen at 12271 above that could see a resistance of 12360.

Trading Ideas:

Jeera trading range is 12080-12360.

Jeera dropped on tepid overseas demand and hopes of higher output

Arrivals have again picked up in the domestic market.

Support for the jeera is at 12130 and resistance is at 12270

In Unjha spot prices fell 83 rupees to end at 12,566 rupees per 100 kg

JEERA LOOK TO TRADE IN THE RANGE 12000-12250 LEVEL WAIT FOR ENTRY.