Jeera ended lower on poor export demand and increasing arrivals, a trend which may continue for another session. Export interest will resume only if prices fall further. Arrivals were rising steadily in the physical market. April contract dropped Rs 132 and settled at Rs 11606 a kg. The contract made intraday low of Rs 11505 a kg and high of Rs 11780 a kg. Support for jeera is at 11481 below that could see a test of 11355. Resistance is now seen at 11756 above that could see a resistance of 11905.

Trading Ideas:

Jeera trading range is 11355-11905.

Jeera ended lower on poor export demand and increasing arrivals

Jeera looks to take support at 11480 and resistance at 11760 level

NCDEX accredited warehouses jeera stocks rose by 95 tonnes to 7174 tonnes.

In Unjha spot prices rose by 77 rupees and ended at 12083 rupees per 100 kg.

SELL JEERA APR ON JUMP @ 11750 SL 11850 TGT 11660-11600-11540.NCDEX