Jeera hit contract highs and ended up as robust export demand and a fall in acreage supported sentiment. Jeera futures are expected to move up further due to lower crop estimates but some profit booking can be seen. Export demand is firm as Syria and Turkey continue to quote at a premium to Indian prices. December contract gained Rs 623 and settled at Rs 16182 a kg. The contract made intraday low of Rs 15600 a kg and high of Rs 16182 a kg. Support for jeera is at 15794 below that could see a test of 15406. Resistance is now seen at 16376 above that could see a resistance of 16570.

Trading Ideas:

JEERA TRADING RANGE IS 15750-16500.

JEERA YESTERDAY HITS NEW HIGHS AS ACREAGE DIPS

BUY JEERA DEC @ 16000-16050 SL 15940 TGT 16122-16180-16240.NCDEX

TODAY SOME PROFIT BOOKING CAN BE SEEN BELOW 16000 LEVEL.

IN UNJHA PRICES ENDED STEADY AT 14248.35 RUPEES PER 100 KG