Jeera pared the intraday gains on short selling at higher levels. Jeera moved higher during opening session as good domestic demand witnessed and export demand expected to rise further. As per the updates Jeera arrivals 2500 bags and prices are Rs 13000 per quintal at spot market without taxes. In Unjha spot market prices rose by over 67 rupees to end at 14310 rupees per 100 kg.

December contract dropped Rs 268 and settled at Rs 14296 a kg. The contract made intraday low of Rs 14096 a kg and high of Rs 14964 a kg. Support for jeera is at 13940 below that could see a test of 13584. Resistance is now seen at 14808 above that could see a resistance of 15320.

Trading Ideas:

JEERA TRADING RANGE IS 13900-14600.

JEERA PARED THE INTRADAY GAINS ON SHORT SELLING AT HIGHER LEVELS

SELL JEERA DEC @ 14450-500 SL 14590 TGT 14390-14322-14265-14180.NCDEX

IMP WILL BE THE 14400 ABV THIS AGAIN A JUMP CAN BE SEEN

IN UNJHA MARKET PRICES ROSE BY OVER 67 RUPEES TO END AT 14310 RUPEES PER 100 KG.