Jeera fell nearly 2 percent on rising arrivals, higher output estimates and subdued local demand. Around 4,000 bags of new crop have arrived in the market, weather is also favourable. Prices are likely to trade weak in the short term. Spot jeera fell by 68 rupees to end at 12,018 rupees per 100 kg in Unjha. March contract dropped Rs 254 and settled at Rs 11630 a kg. The contract made intraday low of Rs 11610 a kg and high of Rs 11882 a kg. Support for jeera is at 11261 below that could see a test of 11435. Resistance is now seen at 11805 above that could see a resistance of 11979.

Jeera trading range is 11435-11979.

Jeera fell yesterday on rising arrivals, higher output estimates

Around 4,000 bags of new crop have arrived in the market, weather is also favourable

Resistance for the jeera is at 11710 and support is at 11560 level.

SELL JEERA MAR BELOW 11700 SL 11780 TGT 11645-11580-11510. NCDEX

Spot jeera prices fell by 68 rupees to end at 12,018 rupees per 100 kg