Jeera July contract dropped Rs 305 and settled at Rs 11581 a kg on weak export inquiries, estimates of higher output and poor spot demand. Syria, Turkey and Iran are likely to harvest good crop this year. A good harvest in these countries may give tough competition to Indian exports.

In Unjha, a key spot market in Gujarat, jeera fell 94 rupees to end at 12,339 rupees per 100 kg. The contract made intraday low of Rs 11565 a kg and high of Rs 11925 a kg. Support for jeera is at 11456 below that could see a test of 11330.

Resistance is now seen at 11816 above that could see a resistance of 12050. Trading Ideas: Jeera trading range is 11330-12050. Jeera dropped on weak export inquiries and poor spot demand. Support for the jeera is at 11460 and resistance is at 11700. NCDEX accredited warehouses jeera stocks dropped 39 tonnes to 8952 tonnes. In Unjha spot prices fell 94 rupees to end at 12,339 rupees per 100 kg JEERA LOOK TO HOLD SUPPORT AT 11500 LEVEL WAIT FOR FRESH ENTRY.