Jeera ended down on weak spot demand, favourable weather in the growing regions and sufficient stocks. Weather is conducive for the standing crop in the growing regions of Gujarat and Rajasthan with cold waves sweeping across the states. In India, the jeera plant is grown as a rabi, or winter-sown, crop in October-December and harvested in February, March and April.

Spot jeera fell by 90 rupees to end at 14,500 rupees per 100 kg in Unjha. January contract dropped Rs 32 and settled at Rs 14309 a kg. The contract made intraday low of Rs 14166 a kg and high of Rs 14425 a kg. Support for jeera is at 14175 below that could see a test of 14041. Resistance is now seen at 14434 above that could see a resistance of 14559.

Trading Ideas:

Jeera trading range is 14000-14700.

Jeera ended down on weak spot demand and favorable weather in the growing regions.

Now support for Jeera will be at 14175 and resist is at 14430.

Spot Jeera fell by over 90 rupees to end at 14500 rupees per 100 kg.

BUY JEERA JAN ON DIP @ 14200 SL 14080 TGT 14280-14360-14445.NCDEX