Jeera fell more than 3 percent on profit-taking after prices rallied over 9 percent in the past seven sessions. Jeera prices have risen by more than a quarter in November supported by a dip in acreage that sparked lower crop worries, and firm export demand.

Spot markets in Unjha remained closed on Wednesday for local festivals. December contract dropped Rs 537 and settled at Rs 15845 a kg. The contract made intraday low of Rs 15727 a kg and high of Rs 16440 a kg. Support for jeera is at 15568 below that could see a test of 15291. Resistance is now seen at 16281 above that could see a resistance of 16717.

Trading Ideas:

JEERA TRADING RANGE IS 15550-16100.

JEERA FELL MORE THAN 3 PERCENT ON PROFIT-TAKING AFTER PRICES RALLIED OVER 9%

AS PER EXPECTATION JEERA DIPPED YESTERDAY WAIT FOR CALL

JEERA IS TAKING IMP SUP OF 15720 MARK.

SPOT MARKETS IN UNJHA REMAINED CLOSED DUE TO LOCAL FESTIVAL HOLIDAYS