Jeera hit contract highs in volatile trade due to firm export demand, though hopes of a better output after rains lashed growing areas last week weighed on sentiment. This year acreage would be much higher than last year. Spot prices in Unjha rose by 46 rupees to 13,267 rupees per 100 kg. December contract gained Rs 261 and settled at Rs 14195 a kg. The contract made intraday low of Rs 13875 a kg and high of Rs 14200 a kg. Support for jeera is at 13980 below that could see a test of 13765. Resistance is now seen at 14305 above that could see a resistance of 14415.

Trading Ideas:

JEERA TRADING RANGE IS 13825-14475.

JEERA HIT CONTRACT HIGHS DUE TO FIRM EXPORT DEMAND

BUY JEERA DEC @ 11220 SL 11140 TGT 11290-11360-11425.NCDEX

A BREAK BELOW 14120 WILL FIND THE SUPPORT AT 14040-13910 LEVEL.

IN UNJHA PRICES GAINED BY OVER 45 RUPEES TO END AT 13266.65 RUPEES PER 100 KG

Commodity Analysis by Kedia Commodity, India's Premium Research House,
Mumbai. Check out more commodity reviews at KediaCommodity. com