Jeera October contract dropped Rs 472 and settled at Rs 13335 a kg on poor local demand and hopes of higher sowing in the up-coming season due to good monsoon rains. In India, jeera is cultivated during winter from October to December, and harvested during February-April. In Unjha, a key spot market in Gujarat, jeera dropped -112.5 rupees to end at 13800 rupees per 100 kg. The contract made intraday low of Rs 13290 a kg and high of Rs 13782 a kg. Support for jeera is at 13156 below that could see a test of 12977. Resistance is now seen at 13648 above that could see a resistance of 13961.

Trading Ideas:

Jeera trading range is 12977-13961.

Jeera ended lower on poor local demand and hopes of higher sowing

Support for the jeera is at 13150 and resistance is at 13650.

NCDEX accredited warehouses jeera stocks rose 73 tonnes to 5767 tonnes.

In Unjha, a key spot market in Gujarat, jeera dropped -112.5 rupees to end at 13800 rupees per 100 kg.