Jeera September contract dropped Rs 45 and settled at Rs 14187 a kg on continued profit booking driven in the face of sluggish overseas demand. At Unjha, the benchmark spot market in Gujarat, jeera slipped 61 rupees to end at 14,161 rupees per 100 kg. Jeera exports in April-June 2010 fell 20 percent to 10,750 tonnes from the same period a year ago. The contract made intraday low of Rs 14086 a kg and high of Rs 14270 a kg. Support for jeera is at 14092 below that could see a test of 13997. Resistance is now seen at 14276 above that could see a resistance of 14365.

Trading Ideas:

Jeera trading range is 13997-14365.

Jeera ended weak on continued profit booking driven in face of sluggish overseas demand

Support for the jeera is at 14090 and resistance is at 14280.

NCDEX accredited warehouses jeera stocks rose by 108 tonnes to 4976 tonnes.

At Unjha, jeera fell 61 rupees to end at 14,161 rupees per 100 kg