Jeera October contract gained Rs 66 and settled at Rs 13357 a kg as lower stocks and weakening arrivals prompted buying, but hopes of good sowing in the up-coming season weighed. Despite competitive prices in the international market, export demand is weak. Domestic buyers are also staying away on apprehension of further fall in the prices. The Spices Board chairman has projected 40,000 tonnes jeera exports by the end of 2010-11 as the prices are competitive and India's rivals have not been able to have good crop. In Unjha, a key spot market in Gujarat, jeera dropped -11.05 rupees to end at 13381.45 rupees per 100 kg. The contract made intraday low of Rs 13162 a kg and high of Rs 13385 a kg. Support for jeera is at 13218 below that could see a test of 13078. Resistance is now seen at 13441 above that could see a resistance of 13524.

Trading Ideas:

Jeera trading range is 13075-13521.

Jeera ended positive kg as lower stocks and weakening arrivals prompted buying

Jeera is having resistance at 13441 and support at 13218 level.

NCDEX accredited warehouses stocks jeera rose 80 tonnes to 6039 tonnes.

In Unjha, a key spot market in Gujarat, jeera dropped -11.05 rupees to end at 13381.45 rupees per 100 kg.