Jeera ended steady as support from robust overseas demand and a fall in acreage was offset by profit-taking. Profit taking was triggered after prices rose over 14 percent in the past week until Monday. Spot jeera rose by over 17 rupees to end at 14,278.9 rupees per 100 kg in Unjha. December contract dropped Rs 30 and settled at Rs 15440 a kg. The contract made intraday low of Rs 15266 a kg and high of Rs 15769 a kg. Support for jeera is at 15214 below that could see a test of 14989. Resistance is now seen at 15717 above that could see a resistance of 15995.

Trading Ideas:

JEERA TRADING RANGE IS 15050-15850.

JEERA ENDED STEADY AS SUPPORT FROM ROBUST OVERSEAS DEMAND WAS OFFSET BY PROFIT-TAKING

WILL WAIT FOR FRESH ENTRY AS SOME WEAKNESS CAN BE SEEN BELOW 15350 LEVEL.

A BREAK BELOW 15320 WILL FIND THE SUPPORT AT 15180-15040 LEVEL.

IN UNJHA PRICES ROSE BY OVER 17 RUPEES TO END AT 14278.90 RUPEES PER 100 KG