Jeera October contract gained Rs 188 and settled at Rs 13851 a kg on lower supplies in the spot market and dwindling stocks. Indian prices are quite competitive in the international market. Export demand may emerge at lower levels. Jeera exports may touch 40,000 tonnes by the end of 2010-11 because the prices are competitive and our competitors have not been able to have good crop. In Unjha, a key spot market in Gujarat, jeera gained 110.4 rupees to end at 13800 rupees per 100 kg. The contract made intraday low of Rs 13620 a kg and high of Rs 13980 a kg. Support for jeera is at 13654 below that could see a test of 13457. Resistance is now seen at 14014 above that could see a resistance of 14177.

Trading Ideas:

Jeera trading range is 13457-14177.

Jeera ended positive on lower supplies in the spot market and dwindling stocks

Jeera is having resistance at 14014 and support at 13654 level.

Jeera exports may touch 40,000 tonnes by the end of 2010-11

In Unjha, a key spot market in Gujarat, jeera gained 110.4 rupees to end at 13800 rupees per 100 kg.