Jeera ended weak as investors booked profit and higher arrivals weighed on sentiment. Arrivals at Unjha were at 22,000-23,000 bags compared with 17,000 bags on Thursday.

Jeera exports in January 2010 dropped by 47 percent to 2,000 tonnes on year, the Spices Board said. March contract dropped Rs 7 and settled at Rs 11690 a kg.

The contract made intraday low of Rs 11667 a kg and high of Rs 12042 a kg. Support for jeera is at 11557 below that could see a test of 11425.

Resistance is now seen at 11932 above that could see a resistance of 12175.

Trading Ideas:

Jeera trading range is 11425-12175.

Jeera ended weak as investors booked profit and due to higher arrivals

Support for jeera is at 11610 and resistance is at 11840.

Yesterday we have seen that open interest at 5616 and volume at 5109 lots.

Spot rates in Unjha ended at 11,779.15 rupees, down by 46.60 rupees per 100 kg.

JEERA WAIT FOR A DIP TO BUY TILL 11550 LEVEL

Courtesy: Kedia Commodities

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