Jeera ended up on renewed export demand and as traders covered short positions after prices fell on Friday. Pressure from weak spot demand, clear weather in the growing regions and sufficient stocks will also weigh on prices. Spot jeera rose by 118 rupees to end at 14038.70 rupees per 100 kg in Unjha. January contract gained Rs 36 and settled at Rs 13572 a kg. The contract made intraday low of Rs 13530 a kg and high of Rs 13890 a kg. Support for jeera is at 13438 below that could see a test of 13304. Resistance is now seen at 13798 above that could see a resistance of 14024.

Trading Ideas:

Jeera trading range is 13300-13800.

Jeera ended up on Saturday due to renewed export

Jeera is having support at 13470 and resistance at 13680 level

Spot Jeera rose by over 118 rupees to end at 14038.70 rupees per 100 kg

BUY JEERA JAN @ 13400-13450 SL 13280 TGT 13520-13640-13750.NCDEX