Jeera June contract settled steady at Rs 12356 a kg on buying interest at lower levels supported by thin arrivals. New crop has been dwindling at the markets as famers are holding back stocks awaiting a rebound in prices while buyers are picking up the spice at the current softer prices. In Unjha, jeera dropped 26 rupees up to end at 12,658 rupees per 100 kg. The contract made intraday low of Rs 12275 a kg and high of Rs 12432 a kg. Support for jeera is at 12277 below that could see a test of 12197. Resistance is now seen at 12434 above that could see a resistance of 12511.

Trading Ideas:

Jeera trading range is 12197-12511.

Jeera settled steady as buying interest at lower levels supported by thin arrivals

Support for the jeera is at 12280 and resistance is at 12435.

Yesterday we have seen that open interest fell by 468 and volume by 972

In Unjha spot prices dropped 26 rupees to end at 12,658 rupees per 100 kg

SELL JEERA JUNE @ 12400-420 SL 12520 TGT 12325-12260-12180.NCDEX