Jeera ended down as per expectation on continued profit-booking after prices rose more than a quarter in November. The fall in jeera is continued profit-taking. Fundamentals, however, remain firm as support from a dip in acreage that sparked lower crop worries and firm export demand will cap losses. December contract dropped Rs 202 and settled at Rs 14675 a kg.

The contract made intraday low of Rs 14625 a kg and high of Rs 15080 a kg. Support for jeera is at 14507 below that could see a test of 14338. Resistance is now seen at 14962 above that could see a resistance of 15248.

Trading Ideas:

JEERA TRADING RANGE IS 14600-15200.

JEERA ENDED DOWN SATURDAY AS PER EXPECTATION ON CONTINUED PROFIT-BOOKING

SELL JEERA DEC @ 14700-750 SL 14850 TGT 14620-14560-14522-15470.NCDEX

IMP WILL BE THE 14800 ABV THIS AGAIN A JUMP CAN BE SEEN

IN UNJHA MARKET PRICES FELL BY OVER 10 RUPEES TO END AT 14468.20 RUPEES PER 100 KG.