Jeera December contract gained Rs 255 and settled at Rs 13998 a kg as a delay in sowing operations because of cloudy weather in major cultivating regions supported buying while lower supplies and poor stocks also helped. Around 5,000-6,000 bags (of 60 kgs) are traded daily against an average arrival of 3,000-4,000 bags. Overseas demand is not much at the moment but we hope it will improve in coming days. In Unjha, a key spot market in Gujarat, jeera gained 160.7 rupees to end at 13482.5 rupees per 100 kg. The contract made intraday low of Rs 13729 a kg and high of Rs 14018 a kg. Support for jeera is at 13812 below that could see a test of 13626. Resistance is now seen at 14101 above that could see a resistance of 14204.

Trading Ideas:

Jeera trading range is 13607-14185.

Jeera ended higher as a delay in sowing operations supported buying

Jeera is having resistance at 14100 and support at 13815 level.

Around 5,000-6,000 bags are traded daily against an average arrival of 3,000-4,000 bags

In Unjha, a key spot market in Gujarat, jeera gained 160.7 rupees to end at 13482.5 rupees per 100 kg.