Jeera ended down on Saturday on profit taking and weak spot market demand. Losses, however, are limited by strong export demand as leading producers, Syria and Turkey, continue to quote jeera at a premium to Indian prices. Spot jeera rose by over 90 rupees to end at 14,277.60 rupees per 100 kg in Unjha.

December contract dropped Rs 77 and settled at Rs 14411 a kg. The contract made intraday low of Rs 14391 a kg and high of Rs 14563 a kg. Support for jeera is at 14347 below that could see a test of 14283. Resistance is now seen at 14519 above that could see a resistance of 14627.

Trading Ideas:

JEERA TRADING RANGE IS 14100-14700.

JEERA ENDED DOWN ON PROFIT TAKING AND WEAK SPOT MARKET DEMAND

SELL JEERA 14600-14650 14730 TGT 14540-14485-14400. NCDEX

NOW SUPPORT FOR JEERA WILL BE AT 14270 AND RESISIT IS AT 14540.

SPOT JEERA ROSE BY OVER 90 RUPEES TO END AT 14,277.60 RUPEES PER 100 KG.