Jeera yesterday traded with the negative node and settled -1.69% down at 14477 on poor export demand and weak cues from the spot after farmers increased arrivals eyeing higher prices. we have seen market moving higher early this week on delayed sowing and prospects of delayed arrivals have been there. Arrivals rose to 4,000 bags (55 kgs each) on Wednesday against the average arrivals of 2,500-3,000 bags as farmers released their stock at higher prices. In the Unjha spot market, jeera fell 116 rupees to end at 14,480 rupees per 100 kg. Jeera sowing has picked up in the last few weeks in Gujarat, the biggest producer, but is still lower than last year. As on Dec. 27, jeera acreage stood at 229,200 hectares, down 4.3 percent from the year-ago figure of 239,400 hectares, data from the state farm department showed For today's session market is looking to take support at 14233, a break below could see a test of 13989 and where as resistance is now likely to be seen at 14753, a move above could see prices testing 15029.

Trading Ideas:

Jeera trading range is 13990-15030.

Jeera closed -1.5% down on profit booking and poor demand with weak cues on increased arrivals.

Arrivals rose to 4,000 bags against the average arrivals of 2,500-3,000 bags on higher prices.

India's jeera exports in April-November fell 36 percent on year to 22,500 tonnes.

SELL JEERA JAN @ 14450-550 SL 14720 TGT 14320-14180-14050.NCDEX

In Unjha, a key spot market in Gujarat, jeera dropped -116.45 rupees to end at 14479.55 rupees per 100 kg.