Jeera ended higher due to low level buying but rising arrivals, weak exports and higher output estimates limited the gains. Spot jeera ended at 11,641.20 rupees per 100 kg in Unjha. Overall trend is down as domestic and export demand are weak. March contract gained Rs 30 and settled at Rs 11468 a kg. The contract made intraday low of Rs 11412 a kg and high of Rs 11515 a kg. Support for jeera is at 11415 below that could see a test of 11362. Resistance is now seen at 11518 above that could see a resistance of 11568.

Trading Ideas:

Jeera trading range is 11362-11568.

Jeera ended higher on short-covering but weak exports limited the gains

Support for jeera is at 11380 and resistance is at 11540.

NCDEX accredited warehouses jeera stocks fell by 3 tonnes at 4921 tonnes.

SELL JEEERA MAR @ 11500 SL 11610 TGT 11425-11360-11280.NCDEX

Spot jeera prices slipped 29 rupees to end at 11,605.95 rupees per 100 kg