Jeera August contract dropped Rs 122 and settled at Rs 13880 a kg on profit-taking after prices rose 10 percent in six trading sessions. At Unjha, the benchmark spot market in Gujarat, jeera gained 111 rupees to end at 13,611 rupees per 100 kg. Production in 2010 is seen rising to 2.9 million bags of 60 kg each from 2.7 million bags in 2009. The contract made intraday low of Rs 13860 a kg and high of Rs 14170 a kg. Support for jeera is at 13770 below that could see a test of 13660. Resistance is now seen at 14080 above that could see a resistance of 14280.

Trading Ideas:

Jeera trading range is 13667-14287.

Jeera ended lower on profit-taking after prices rose 10 percent

Support for the jeera is at 13770 and resistance is at 14000.

NCDEX accredited warehouses turmeric stocks rose by 15 tonnes to 6366 tonnes.

In Unjha spot prices gained 111 rupees and settled at 13611 rupees per 100 kg.