Jeera October contract settled at Rs 13760 a kg on a decline in arrivals and some overseas enquiries, though hopes of higher sowing in up-coming season limited the upside. Overseas enquiries are supporting prices at lower levels. Export demand may pick up as higher prices of Syrian produce may divert demand towards India. In Unjha, a key spot market in Gujarat, jeera dropped -86.65 rupees to end at 14030 rupees per 100 kg. The contract made intraday low of Rs 13625 a kg and high of Rs 13850 a kg. Support for jeera is at 13640 below that could see a test of 13520. Resistance is now seen at 13865 above that could see a resistance of 13970.

Trading Ideas:

Jeera trading range is 13520-13970.

Jeera ended flat on a decline in arrivals and some overseas enquiries

Support for the jeera is at 13640 and resistance is at 13865.

NCDEX accredited warehouses jeera stocks rose 189 tonnes to 5634 tonnes.

In Unjha, a key spot market in Gujarat, jeera dropped -86.65 rupees to end at 14030 rupees per 100 kg.