Jeera softened on rising arrivals and hopes of higher production. In short-term jeera is expected to trade weak. Arrivals are likely to gain pace in coming days. Spot jeera inched up 9 rupees to end at 11,728 rupees per 100 kg in Unjha. March contract dropped Rs 61 and settled at Rs 11511 a kg. The contract made intraday low of Rs 11480 a kg and high of Rs 11615 a kg. Support for jeera is at 11456 below that could see a test of 11400. Resistance is now seen at 11591 above that could see a resistance of 11670.

Trading Ideas:

Jeera trading range is 11400-11670.

Jeera yesterday softened on rising arrivals and hopes of higher production

Arrivals are likely to gain pace in coming days

Yesterday we have seen that open interest at 9465 and volume at 4011 lots.

Spot jeera prices gained over 9 rupees to 11,728 rupees per 100 kg

SELL JEERA MAR @ 11560-580 SL 11625 TGT 11534-11502-11462.NCDEX