Jeera ended flat recovering most of its losses on low-level buying. The spot prices of jeera witnessed strong buying on the account of waning carryover stocks in major mandis. However, poor export demand capped the gains. Industry officials, however, do not expect any sharp fall in prices because of thin daily arrivals and limited stocks.

The carryover stocks of jeera at major mandies of Gujarat and Rajasthan were reported at 5-6 lakh bags against 8-9 lakh bags reported last year in the same period. In Unjha, a key spot market in Gujarat, jeera dropped -167.6 rupees to end at 15493.75 rupees per 100 kg. The contract made intraday low of Rs 15601 a kg and high of Rs 16305 a kg. Support for jeera is at 15572 below that could see a test of 15235. Resistance is now seen at 16276 above that could see a resistance of 16643.

Trading Ideas: Jeera trading range is 15229-16637. Jeera ended flat recovering most of its losses on low-level buying Jeera is having resistance at 16276 and support at 15572 level. NCDEX accredited warehouses jeera stocks rose 90 tonnes to 7521 tonnes. In Unjha, a key spot market in Gujarat, jeera dropped -167.6 rupees to end at 15493.75 rupees per 100 kg.