eera March contract dropped Rs 15 and settled at Rs 17375 a kg on rising supply from the new crop and weak exports, though depleting stocks restricted the losses. As on Jan. 10, in Gujarat, the biggest producer, area under jeera stood at 244,600 hectares, marginally higher than 242,700 hectares sowed a year ago. India's jeera exports in April-January fell 36 percent on year to 26,000 tonnes. In Unjha, a key spot market in Gujarat, jeera dropped -137.65 rupees to end at 16589.5 rupees per 100 kg. The contract made intraday low of Rs 17156 a kg and high of Rs 17480 a kg. Support for jeera is at 17194 below that could see a test of 17013. Resistance is now seen at 17518 above that could see a resistance of 17661. Trading Ideas:

Jeera trading range is 17022-17670.

Jeera dropped on rising supply from the new crop and weak exports

Jeera is having resistance at 17518 and support at 17194 level.

NCDEX accredited warehouses jeera stocks rose 281 tonnes to 9849 tonnes.

In Unjha, a key spot market in Gujarat, jeera dropped -137.65 rupees to end at 16589.5 rupees per 100 kg.