Jeera ended higher to its upper circuit level on short covering by traders. Jeera prices also got support from good export enquiries and slow progress of sowing. Jeera exports in October 2009 climbed to 5,500 tonnes from 5,475 tonnes in the same period last year. Spot jeera fell by over 20 rupees to end at 13495.85 rupees per 100 kg in Unjha. December contract dropped Rs 57 and settled at Rs 14402 a kg.

December contract gained Rs 568 and settled at Rs 14970 a kg. The contract made intraday low of Rs 14355 a kg and high of Rs 14970 a kg. Support for jeera is at 14560 below that could see a test of 14150. Resistance is now seen at 15175 above that could see a resistance of 15380.

Trading Ideas:

JEERA TRADING RANGE IS 14600-15300.

JEERA ENDED TO ITS UPPER CIRCUIT LEVEL ON SHORT COVERING AND GOOD EXPORT ENQUIRIES

BUY JEERA DEC ON DIP @ 14450 SL 14360 TGT 14512-14590-14648.NCDEX

A BREAK BELOW 14850 WILL FIND THE SUPPORT AT 14700-14550 LEVEL.

IN UNJHA PRICES FELL BY OVER 20 RUPEES TO END AT 13495.85 RUPEES PER 100 KG

JEERA EXPORTS IN OCTOBER 2009 CLIMBED TO 5,500 TONNES FROM 5,475 TONNES