Jeera which hit contract highs earlier in the day, ended steady as support from firm export demand was offset by reports of favorable weather in the growing regions. Spot Jeera rose by over 105 rupees to end at 13,175 rupees per 100 kg in Unjha.

December contract dropped Rs 15 and settled at Rs 14005 a kg. The contract made intraday low of Rs 13860 a kg and high of Rs 14198 a kg. Support for jeera is at 13506 below that could see a test of 13683. Resistance is now seen at 14182 above that could see a resistance of 14359. JEERA TRADING RANGE IS 13700-14350.

Trading Ideas:

JEERA ENDED STEADY AS SUPPORT FROM FIRM EXPORT DEMAND WAS OFFSET BY FAVOURABLE WEATHER

SELL JEERA DEC BELOW 13900 SL 13980 TGT 13820-13760-13645. NCDEX

A BREAK BELOW 13900 WILL FIND THE SUPPORT AT 13780-13640 LEVEL.

IN UNJHA PRICES ROSE BY 105 RUPEES TO END AT 13175 RUPEES PER 100 KG

IF MARKET HOLDS THE SUPPORT AT 13900 WE CAN AGAIN SEE MKT TILL 14300 LEVEL.