Jeera July contract dropped Rs 68 and settled at Rs 11914 a kg on view of higher output and weak overseas demand. Domestic production is also expected to be higher this year. In Unjha, a key spot market in Gujarat, jeera gained 10 rupees to end at 12,385 rupees per 100 kg. The contract made intraday low of Rs 11870 a kg and high of Rs 12034 a kg. Support for jeera is at 11845 below that could see a test of 11775. Resistance is now seen at 12009 above that could see a resistance of 12103.

Trading Ideas:

Jeera trading range is 11775-12103.

Jeera ended weak on view of higher output and weak overseas demand

Support for the jeera is at 11845 and resistance is at 12010.

NCDEX accredited warehouses jeera stocks dropped 63 tonnes to 7770 tonnes.

BUY JEERA JULY @ 11850 SL 11740 TGT 11930-11980-12060.NCDEX

In Unjha spot prices gained 10 rupees to end at 12,385 rupees per 100 kg