Jeera ended up as traders covered short positions after prices fell 2 percent since Monday. Pressure from weak spot demand, clear weather in the growing regions and sufficient stocks will also weigh on prices. Spot jeera rose by 40 rupees to end at 14,540 rupees per 100 kg in Unjha.

January contract gained Rs 322 and settled at Rs 14646 a kg. The contract made intraday low of Rs 14277 a kg and high of Rs 14690 a kg. Support for jeera is at 14385 below that could see a test of 14125. Resistance is now seen at 14798 above that could see a resistance of 14951.

Trading Ideas:

Jeera trading range is 14250-14950.

Jeera ended up as traders covered short positions after prices fell 2% since Monday.

Now support for Jeera will be at 14530 and resist is at 14760.

Spot Jeera rose by over 40 rupees to end at 14540 rupees per 100 kg.

BUY JEERA JAN ABV 14700 SL 17620 TGT 14745-14798-14845. NCDEX.