Jeera July contract dropped Rs 86 and settled at Rs 11645 a kg on weak export demand and higher output views. Trend is still down on good crop prospects in Syria and Turkey. Domestic demand is also not supportive. At Unjha, the benchmark spot market in Gujarat, jeera gained 38 rupees to 12,345 rupees per 100 kg. The contract made intraday low of Rs 11570 a kg and high of Rs 11760 a kg. Support for jeera is at 11557 below that could see a test of 11468. Resistance is now seen at 11747 above that could see a resistance of 11848.

Trading Ideas:

Jeera trading range is 11468-11848.

Jeera ended down on weak export demand and higher output views

Support for the jeera is at 11560 and resistance is at 11750.

NCDEX accredited warehouses jeera stocks dropped 27 tonnes to 8790 tonnes.

In Unjha spot prices gained 38 rupees to end at 12,345 rupees per 100 kg

JEERA LOOK TO HOLD SUPPORT AT 11480 LEVEL WAIT FOR CALL.