Jeera ended higher on improved seasonal demand and a decline in arrivals. Domestic demand is supporting prices. However, overseas demand is still weak. Spot rates in Unjha, a key spot market in Gujarat, ended at 11,944.50 rupees up by 6.50 rupees per 100 kg. April contract gained Rs 85 and settled at Rs 12130 a kg. The contract made intraday low of Rs 12051 a kg and high of Rs 12273 a kg. Support for jeera is at 12030 below that could see a test of 11929. Resistance is now seen at 12252 above that could see a resistance of 12373.

Trading Ideas:

Jeera trading range is 11929-12373.

Jeera ended higher on improved seasonal demand and a decline in arrivals

Jeera looks to take support at 12030 and resistance at 12250 level

NCDEX accredited warehouses jeera stocks rose by 69 tonnes to 6612 tonnes.

Spot rates in Unjha prices ended at 11937.50 rupees up by 6.50 rupees per 100 kg

BUY JEERA APR @ 12090 SL 12000 TGT 12145-12190-12240.NCDEX