Jeera October contract dropped Rs 9 and settled at Rs 13800 a kg on hopes of higher sowing in up-coming season. Overseas enquiries are supporting prices at lower levels. Export demand may pick up as higher prices of Syrian produce may divert demand towards India. In Unjha, a key spot market in Gujarat, jeera dropped -46.65 rupees to end at 13983.35 rupees per 100 kg. The contract made intraday low of Rs 13765 a kg and high of Rs 13880 a kg. Support for jeera is at 13750 below that could see a test of 13700. Resistance is now seen at 13865 above that could see a resistance of 13930.

Trading Ideas:

Jeera trading range is 13700-13930.

Jeera ended down on hopes of higher sowing in up-coming season

Support for the jeera is at 13700 and resistance is at 13930.

Export demand may pick up as higher prices of Syrian produce may divert demand towards India

In Unjha, a key spot market in Gujarat, jeera dropped -46.65 rupees to end at 13983.35 rupees per 100 kg.