Jeera edged up on limited supply as farmers were reluctant to bring their produce expecting better prices, local demand and low stocks. Arrivals have come down in the physical market. Stockists have also become active. In Unjha, a key spot market in Gujarat, price jumped 112 rupees to end at 12,032 rupees per 100 kg. May contract dropped Rs 35 and settled at Rs 11831 a kg. The contract made intraday low of Rs 11780 a kg and high of Rs 11970 a kg. Support for jeera is at 11751 below that could see a test of 11670. Resistance is now seen at 11941 above that could see a resistance of 12050.

Trading Ideas:

Jeera trading range is 11668-12048.

Jeera edged up on limited supply as farmers were reluctant to bring their produce

Support for the jeera is at 11720 and resistance is at 11960.

NCDEX accredited warehouses jeera stocks seen at 6945 tonnes.

BUY JEERA MAY @ 11700-740 SL 11640 TGT 11800-11880-11945.NCDEX

In Unjha spot prices gained 112 rupees to end at 12,032 rupees per 100 kg.