Jeera ended down as selling pressure along with weak spot demand weighed on prices. Selling in the spice has been continuing after futures rose over a quarter on-month in November. Spot jeera fell by over 2 rupees to end at 14,262.15 rupees per 100 kg in Unjha. January contract dropped Rs 222 and settled at Rs 14330 a kg. The contract made intraday low of Rs 14222 a kg and high of Rs 14597 a kg. Support for jeera is at 14169 below that could see a test of 14008. Resistance is now seen at 14544 above that could see a resistance of 14758.

Trading Ideas:

JEERA TRADING RANGE IS 14300-14650.

JEERA ENDED DOWN ON SELLING PRESSURE ALONG WITH WEAK SPOT DEMAND

SELL JEERA JAN @ 14450-14500 SL 14622 TGT 14380-14270-14150.NCDEX

NOW SUPPORT FOR JEERA WILL BE AT 14170 AND RESISIT IS AT 14480.

SPOT JEERA FELL BY A RUPEE TO END AT 14262.15 RUPEES PER 100 KG