Jeera August contract dropped Rs 175 and settled at Rs 14439 a kg weighed by weak domestic demand, but falling arrivals kept the downside limited. Arrivals are not up to mark, they have fallen to 5,000-6,000 bags from 8,000-9,000 bags a week before. However, falling exports could limit the upside in the short-term. At Unjha, jeera slipped 32 rupees to end at 14,518 rupees per 100 kg. The contract made intraday low of Rs 14325 a kg and high of Rs 14688 a kg. Support for jeera is at 14280 below that could see a test of 14121. Resistance is now seen at 14643 above that could see a resistance of 14847.

Trading Ideas:

Jeera trading range is 14121-14847.

Jeera ended lower weighed by weak domestic demand

Support for the jeera is at 14280 and resistance is at 14640.

NCDEX accredited warehouses jeera stocks fell by 350 tonnes to 5196 tonnes.

At Unjha, jeera dropped 32 rupees to end at 14,518 rupees per 100 kg