Jeera ended up Saturday as traders opted to buy at lower levels after prices fell more than 20 percent since the beginning of the month. Arrivals are expected to start in the next few days, arrivals peak in March-April. Jeera exports in December 2009 dipped to 2,500 tonnes from 3,500 tonnes in the same period a year ago. Spot jeera rose by over 23 rupees to end at 12,239.55 rupees per 100 kg in Unjha. February contract gained Rs 102 and settled at Rs 11775 a kg. The contract made intraday low of Rs 11600 a kg and high of Rs 11979 a kg. Support for jeera is at 11590 below that could see a test of 11406. Resistance is now seen at 11969 above that could see a resistance of 12164.

Trading Ideas:

Jeera ended up Saturday as traders opted to buy at lower levels

Jeera exports in December 2009 dipped to 2,500 tonnes

In NCDEX accredited warehouses stock of jeera were at 5005 tonnes

Spot jeera prices rose by over 23 rupees to end at 12,239.55 rupees per 100 kg

SELL JEERA FEB @ 11850 SL 11920 TGT 11722-11665-11600.NCDEX