Jeera ended higher on Saturday breaching the upper circuit on good spot demand. Sowing in Gujarat and Rajasthan is nearly over and that is weighing on prices. Spot jeera rose by over 150 rupees to end at 14,413.35 rupees per 100 kg in Unjha. January contract gained Rs 420 and settled at Rs 14972 a kg.

The contract made intraday low of Rs 14318 a kg and high of Rs 14972 a kg. Support for jeera is at 14536 below that could see a test of 14100. Resistance is now seen at 15190 above that could see a resistance of 15408.

Trading Ideas:

JEERA TRADING RANGE IS 14600-15300.

JEERA ENDED HIGHER ON SATURDAY ON GOOD SPOT DEMAND

NOW SUPPORT FOR JEERA WILL BE AT 14820 AND RESISIT IS AT 15090.

SPOT JEERA ROSE BY OVER 150 RUPEES TO END AT 14413.35 RUPEES PER 100 KG

BUY JEERA JAN ON DIP @ 14700-750 SL 14580 TGT 14820-14900-14980-15060.NCDEX