Jeera ended weak on sustained selling pressure and weak spot demand also weighed on sentiment. Reports of better sowing in Gujarat and Rajasthan are also having a bearish impact on prices. Spot jeera fell by over 2 rupees to end at 14,260 rupees per 100 kg in Unjha. January contract dropped Rs 39 and settled at Rs 14260 a kg.

The contract made intraday low of Rs 14082 a kg and high of Rs 14371 a kg. Support for jeera is at 14104 below that could see a test of 13949. Resistance is now seen at 14393 above that could see a resistance of 14527.

Trading Ideas:

JEERA TRADING RANGE IS 13900-14500.

JEERA ENDED WEAK ON SUSTAINED SELLING PRESSURE AND WEAK SPOT DEMAND

BUY JEERA JAN ABV 14312 SL 14240 TGT 14370-14420-14480. NCDEX

NOW SUPPORT FOR JEERA WILL BE AT 14140 AND RESISIT IS AT 14380.

SPOT JEERA FELL BY OVER 2 RUPEES TO END AT 14,260 RUPEES PER 100 KG