Jeera ended up after a volatile session as traders covered short positions after prices fell more than 12 percent since the start of last week. The firmness in jeera was because of short-covering. Prices rose over 25 percent in November supported by lower crop worries due to a delay in sowing and on firm export demand.

Spot jeera fell by 20 rupees to end at 14,330 rupees per 100 kg in Unjha. December contract gained Rs 236 and settled at Rs 14520 a kg. The contract made intraday low of Rs 13850 a kg and high of Rs 14570 a kg. Support for jeera is at 14057 below that could see a test of 13593. Resistance is now seen at 14777 above that could see a resistance of 15033.

Trading Ideas:

JEERA TRADING RANGE IS 14100-14850.

JEERA ENDED UP ON SHORT COVERING AFTER PRICES FELL MORE THAN 12 PERCENT

SELL JEERA DEC @ 14600-640 SL 14740 TGT 14560-14522-15470-15390.NCDEX

NOW SUPPORT FOR JEERA WILL BE AT 14380 AND RESISIT IS AT 14680.

IN UNJHA MARKET PRICES ROSE BY OVER 20 RUPEES TO END AT 14330 RUPEES PER 100 KG.