Jeera October contract dropped Rs 209 and settled at Rs 14003 a kg as hopes of higher sowing in the up-coming season due to good rainfall in key cultivating regions and weakness in other spices prompted selling. Sufficient moisture in the soil may help sowing in the up-coming season. In Unjha, a key spot market in Gujarat, jeera gained 155.05 rupees to end at 14300.5 rupees per 100 kg.The contract made intraday low of Rs 14003 a kg and high of Rs 14390 a kg. Support for jeera is at 13874 below that could see a test of 13745. Resistance is now seen at 14261 above that could see a resistance of 14519.

Trading Ideas:

Jeera trading range is 13745-14519.

Jeera ended weak hopes of higher sowing in the up-coming season

Support for the jeera is at 13875 and resistance is at 14260.

NCDEX accredited warehouses jeera stocks rose 19 tonnes to 5439 tonnes.

In Unjha, a key spot market in Gujarat, jeera gained 155.05 rupees to end at 14300.5 rupees per 100 kg.