Jeera December contract dropped Rs 102 and settled at Rs 13644 a kg weighed by sluggish exports and a decline in local demand. Weakness in the overseas demand is hampering buying in jeera. Trading activities are very subdued as the market is waiting for fresh export enquiries. Fresh sowing of jeera is being done at few places in Gujarat due to clear weather and will continue through December. Unseasonal rains and cloudy weather earlier this month slashed jeera sowing in India's western state of Gujarat, the country's biggest producing region. In Unjha, a key spot market in Gujarat, jeera dropped -93.75 rupees to end at 14206.25 rupees per 100 kg. The contract made intraday low of Rs 13528 a kg and high of Rs 13833 a kg. Support for jeera is at 13504 below that could see a test of 13363. Resistance is now seen at 13809 above that could see a resistance of 13973.

Trading Ideas:

Jeera trading range is 13363-13973.

Jeera ended lower weighed by sluggish exports and a decline in local demand

Jeera is having resistance at 14810 and support at 14500 level.

NCDEX accredited warehouses jeera stocks rose 180 tonnes to 5417 tonnes.

In Unjha, a key spot market in Gujarat, jeera dropped -93.75 rupees to end at 14206.25 rupees per 100 kg.