Jeera September contract dropped Rs 589 and settled at Rs 14156 a kg on a drop in exports and as market was expecting higher sowing in the upcoming season due to good moisture in the soil. Jeera exports in April-July 2010 fell 19 percent to 13,500 tonnes from the same period a year ago. Meanwhile, jeera exports in April-July period of 2010 fell 19 per cent to 13,500 tonnes from the same period a year ago. In Unjha, a key spot market in Gujarat, jeera dropped -67.85 rupees to end at 14339.3 rupees per 100 kg. The contract made intraday low of Rs 14156 a kg and high of Rs 14720 a kg. Support for jeera is at 13968 below that could see a test of 13780. Resistance is now seen at 14532 above that could see a resistance of 14908.

Trading Ideas:

Jeera trading range is 13782-14910.

Jeera ended lower due to drop in exports on hopes of higher sowing

Support for the jeera is at 14000 and resistance is at 14300.

NCDEX accredited warehouses jeera stocks fell 30 tonnes to 6455 tonnes.

In Unjha, a key spot market in Gujarat, jeera dropped 0 rupees to end at 14339.3 rupees per 100 kg.