Jeera ended steady as support from short-covering was offset by weak demand. Short-covering was triggered after prices fell 2 percent since Monday. Sentiment was also under pressure because weather in the growing regions cleared. Spot jeera rose by over 27 rupees to end at 14,602.4 rupees per 100 kg in Unjha. January contract dropped Rs 12 and settled at Rs 14692 a kg.

The contract made intraday low of Rs 14550 a kg and high of Rs 14882 a kg. Support for jeera is at 14534 below that could see a test of 14376. Resistance is now seen at 14866 above that could see a resistance of 15040.

Trading Ideas:

JEERA TRADING RANGE IS 14400-14900.

JEERA ENDED STEADY AS SHORT-COVERING WAS OFFSET BY WEAK DEMAND

NOW SUPPORT FOR JEERA WILL BE AT 14540 AND RESISIT IS AT 14810.

SPOT JEERA FELL BY OVER 27 RUPEES TO END AT 14602 RUPEES PER 100 KG

BUY JEERA JAN ABV 14720 SL 14640 TGT 14790-14834-14900-14980. NCDEX