Jeera ended higher as farmers were reluctant to bring their produce to the market hoping for better prices, local demand and low stocks may continue to help the prices to hold the gains. At Unjha arrivals were 11,000 bags on Monday against average arrivals of 15,000-16,000 bags per day ahead of the peak arrival season from March-April. Farmers have held on to their stocks in anticipation of higher prices. Jeera exports in February 2010 dropped 17 percent to 2,500 tonnes on year, for today's session market is looking to take support at 11638, a break below could see a test of 11480 and where as resistance is now likely to be seen at 11931, a move above could see prices testing 12066.

Trading Ideas:

Jeera trading range is 11481-12067.

Jeera ended higher as farmers were reluctant to bring their produce to the market

Support for the jeera is at 11680 and resistance is at 11840.

NCDEX accredited warehouses jeera stocks rose by 90 tonnes to 6679 tonnes.

BUY JEERA MAY 11600-11650 SL 11520 TGT 11710-11780-11850.NCDEX

In Unjha spot prices dropped 84 rupees to end at 11920 rupees per 100 kg.