Jeera ended higher after treading water all day as a fall in acreage this season and robust demand aided sentiment. Due to delay in sowing activities and dry weather conditions in Gujarat, overall area under the crop will decline and that will support sentiment.

Prices were also supported by firm export demand for the spice as Syria and Turkey continue to quote at a premium to Indian prices. Spot jeera fell by over 30 rupees to end at 14,248.35 rupees per 100 kg in Unjha. December contract gained Rs 105 and settled at Rs 15590 a kg. The contract made intraday low of Rs 15412 a kg and high of Rs 15640 a kg. Support for jeera is at
15455 below that could see a test of 15319. Resistance is now seen at 15683 above that could see a resistance of 15775.

Trading Ideas:

JEERA TRADING RANGE IS 15300-15850.

JEERA ENDED HIGHER DUE TO FALL IN ACREAGE AND ROBUST DEMAND

BUY JEERA DEC @ 15400-480 SL 15340 TGT 15565-15640-15720.NCDEX

A BREAK BELOW 15460 WILL FIND THE SUPPORT AT 15320-15240 LEVEL.

IN UNJHA PRICES FELL BY OVER 30 RUPEES TO END AT 14248.35 RUPEES PER 100 KG