Jeera September contract dropped Rs 44 and settled at Rs 13651 a kg weak on slight profit booking on Saturday after prices rose Friday on short-covering. A decline in arrivals and poor stocks are also supported prices. However, overall trend is still weak on poor export demand. Hope of good sowing in the upcoming season due to sufficient moisture in the soil may also weigh on prices at higher levels. In Unjha, a key spot market in Gujarat, jeera gained 56.2 rupees to end at 13916.2 rupees per 100 kg. The contract made intraday low of Rs 13555 a kg and high of Rs 13820 a kg. Support for jeera is at 13531 below that could see a test of 13410. Resistance is now seen at 13796 above that could see a resistance of 13940.

Trading Ideas:

Jeera trading range is 13410-13940.

Jeera ended weak on slight profit booking on Saturday

Support for the jeera is at 13530 and resistance is at 13800.

NCDEX accredited warehouses jeera stocks fell 81 tonnes to 6236 tonnes.

In Unjha, a key spot market in Gujarat, jeera gained 56.2 rupees to end at 13916.2 rupees per 100 kg.