Jeera September contract dropped Rs 247 and settled at Rs 13284 a kg on subdued domestic and overseas demand and may extend losses in the next session. Good rainfall in the country, which may help the sowing operations in the upcoming season, also added to the pressure. Jeera sowing is expected to be higher this year as weather is favourable. The contract made intraday low of Rs 13203 a kg and high of Rs 13595 a kg. Support for jeera is at 13126 below that could see a test of 12969. Resistance is now seen at 13518 above that could see a resistance of 13753.

Trading Ideas:

Jeera trading range is 12964-13748.

Jeera ended weak on subdued domestic and overseas demand

Support for the jeera is at 13120 and resistance is at 13400.
NCDEX accredited warehouses jeera stocks rose by a tonne to 6347 tonnes.