Jeera ended weak as pressure from lackluster spot demand hurt prices. The weather has improved now from what it was in the past few weeks and with sufficient stocks, and not enough physical demand, prices are expected to trade weak.

Spot jeera fell by 20 rupees to end at 14,590 rupees per 100 kg in Unjha. January contract dropped Rs -182 and settled at Rs 14350 a kg. The contract made intraday low of Rs 14285 a kg and high of Rs 14620 a kg. Support for jeera is at 14217 below that could see a test of 14083x. Resistance is now seen at 14552 above that could see a resistance of 14753.

Trading Ideas:

JEERA TRADING RANGE IS 14050-14700.

JEERA ENDED WEAK AS PRESSURE FROM LACKLUSTER SPOT DEMAND HURT PRICES

NOW SUPPORT FOR JEERA WILL BE AT 14270 AND RESISIT IS AT 14460.

SPOT JEERA FELL BY OVER 20 RUPEES TO END AT 14590 RUPEES PER 100 KG

BUY JEERA JAN ON DIP @ 14200 SL 14080 TGT 14280-1436