Jeera July contract dropped Rs 308 and settled at Rs 11877 a kg on sluggish export inquiries, higher output estimates and weak spot demand. Buyers are on the sidelines hoping for further falls in the prices in absence of export demand.  In Unjha, a key spot market, jeera fell 134 rupees to end at 12,433 rupees per 100 kg. The contract made intraday low of Rs 11857 a kg and high of Rs 12225 a kg. Support for jeera is at 11748 below that could see a test of 11618. Resistance is now seen at 12116 above that could see a resistance of 12354.

Trading Ideas:

Jeera trading range is 12082-12362.

Jeera dropped on sluggish export inquiries and weak spot demand

Support for the jeera is at 11750 and resistance is at 12000.

NCDEX accredited warehouses jeera stocks gained 42 tonnes to 8991 tonnes.

JEERA BELOW 12000 MARK LOOK TO TRADE LOWER.

In Unjha spot prices fell 134 rupees to end at 12,433 rupees per 100 kg