Jeera ended up as bargain buying supported prices. Prices have fallen over 20 percent in January on worries about higher production this season. Fundamentals remained weak as higher output estimates this season due to favourable weather conditions in the growing regions weighed on sentiment.

Spot jeera fell by over 7 rupees to end at 12,231.75 rupees per 100 kg in Unjha. February contract gained Rs 41 and settled at Rs 11890 a kg. The contract made intraday low of Rs 11716 a kg and high of Rs 12057 a kg. Support for jeera is at 11718 below that could see a test of 11547. Resistance is now seen at 12059 above that could see a resistance of 12229.

Trading Ideas:

Jeera trading range is 11650-12200.

Jeera ended up as bargain buying supported prices

Resistance for the jeera is at 11990 and support is at 11805 level.

In NCDEX accredited warehouses stock of jeera were at 4969 tonnes

Spot jeera prices rose by over 7 rupees to end at 12,231.75 rupees per 100 kg

SELL JEERA FEB BELOW 11790 SL 11880 TGT 11722-11665-11600. NCDEX