Jeera after opening flat market dipped to the days low at 14540 on higher fresh arrivals and poor overseas demand. Higher supplies are dampening the sentiment, prices may recover only once arrivals start coming down, which is expected by month end. Till then prices may fall by another 200-300 rupees per 100 kg. Daily supplies from the new season crop have been rising at the key Unjha market in Gujarat, prompting an upward revision in production estimates. Spot jeera in Unjha, a key spot market in Gujarat, closed 18 rupees up at 14,938 rupees per 100 kg. In India, jeera is cultivated during winter from October to December, and harvested in February-April. In Unjha mandi, 15000 bags arrival was seen while demand remained at 12000 bags.For today's session market is looking to take support at 14562, a break below could see a test of 14448 and where as resistance is now likely to be seen at 14767, a move above could see prices testing 14858.

Trading Ideas:

Jeera trading range is 14422-14832.

Jeera ended weak on higher fresh arrivals and poor overseas demand

Jeera is having resistance at 14714 and support at 14509 level.

Daily supplies from the new season crop have been rising at the key Unjha market in Gujarat

In Unjha, a key spot market in Gujarat, jeera gained 18 rupees to end at 14938 rupees per 100 kg.