Jeera December contract dropped Rs 121 and settled at Rs 15115 a kg  owing to profit-taking and weak overseas demand, outweighing a delay in sowing operations. The price of the commodity have also dipped low since on anticipation that the acreage under Jeera is relatively high. Further, there are some reports that farmers in Gujarat have cultivated the spice on 39,000 hectares, against 71,100 hectares during the same period last year. In Unjha, a key spot market in Gujarat, jeera gained 143.8 rupees to end at 14587.15 rupees per 100 kg. The contract made intraday low of Rs 14810 a kg and high of Rs 15540 a kg. Support for jeera is at 14770 below that could see a test of 14425. Resistance is now seen at 15500 above that could see a resistance of 15885.

Trading Ideas:

Jeera trading range is 14425-15885.

Jeera ended weak owing to profit-taking and weak overseas demand

Jeera is having resistance at 15250 and support at 15000 level.

NCDEX accredited warehouses jeera stocks fell 6 tonnes to 6442 tonnes.

In Unjha, a key spot market in Gujarat, jeera gained 143.8 rupees to end at 14587.15 rupees per 100 kg.