Jeera ended down on weak spot demand, higher output estimates and sufficient stocks. Jeera output this year is expected to be higher. By end of January, when output estimates are clear, a further direction for prices can be determined. Spot jeera fell by over 71 rupees to end at 14,500 rupees per 100 kg in Unjha. January contract dropped Rs 255 and settled at Rs 14231 a kg. The contract made intraday low of Rs 14208 a kg and high of Rs 14480 a kg. Support for jeera is at 14133 below that could see a test of 14034. Resistance is now seen at 14405 above that could see a resistance of 14578.

Trading Ideas:

Jeera trading range is 13900-14500.

Jeera ended down on weak spot demand and higher output estimates

Now support for Jeera will be at 14135 and resist is at 14320.

Spot Jeera fell by over 71 rupees to end at 14500 rupees per 100 kg

SELL JEERA JAN @ 14350-390 SL 14480 TGT 14290-14230-14150-14060.NCDEX