Jeera yesterday settled down -0.28% at 13335 traded in the range but still sentiments remain weak as hopes of better sowing due to ample rains were offset by fresh export demand. Higher arrivals in the mandis kept slight pressure on Jeera market sentiments as rains and cloudy weather in some parts of Rajasthan and Gujarat kept demand a bit on the lower side. Export queries however continued to be there and that could support the sentiments in the coming days. Strong Dollar vs Re would affect the exports favorably. The total arrivals increased to 8,000 bags from 7,000 bags, while demand was seen around 13,000 bags against 10,000 bags. Prices are expected to hold on amid good overseas demand and falling arrivals. Demand is moderating in local markets now but prices continue to linger just under their four-month highs as the sentiments still remain positive amid favorable global offtakes. Spot Jeera markets are still witnessing a good activity amid renewed buying interest. The futures have also witnessed good upside in last few days and further rise is possible given the persistent worries over supplies from Syria in world markets. Heavy rainfall has been witnessed in few regions Gujarat though no major impact of the same has been seen so far. Demand remains poor in the spot amidst thin trading activities due to the ongoing rains in Gujarat and Rajasthan. Even though export queries are there, yet till the skies clear up, the trading activities may not pick up strongly. Technically market is getting support at 13266 and below same could see a test of 13198 levels, and resistance is now likely to be seen at 13411, a move above could see prices testing 13488. JEERA

Jeera trading range for the day is 13203-13493.

Jeera dropped as hopes of better sowing due to ample rains were offset by fresh export demand.

Higher arrivals in the mandis kept slight pressure on market sentiments as rains and cloudy weather in Rajasthan and Gujarat.

NCDEX accredited warehouses jeera stocks gained by 148 tonnes to 5285 tonnes.

In Unjha, a key spot market in Gujarat, jeera edged up by 46.75 rupees to end at 13583.75 rupee per 100 kg.

BUY JEERA SEPT @ 13360-13410 SL 13260 TGT 13520-13600. NCDEX (BTST)