Jeera hit fresh contract highs on limited supply in spot market as farmers awaited higher prices and low stocks. Local enquiries are regular and may improve more as marriage season has come. Spot rates in Unjha price inches up 6 rupees to end at 12,208 rupees per 100 kg. May contract gained Rs 431 and settled at Rs 12829 a kg. The contract made intraday low of Rs 12450 a kg and high of Rs 12842 a kg. Support for jeera is at 12572 below that could see a test of 12315. Resistance is now seen at 12964 above that could see a resistance of 13099.

Trading Ideas:

Jeera trading range is 12306-13090.

Jeera ended higher on limited supply in spot market

Support for the jeera is at 12710 and resistance is at 12940.

NCDEX accredited warehouses jeera stocks rose by 326 tonnes to 6999 tonnes.

In Unjha spot prices gained 6 rupees to end at 12,208 rupees per 100 kg

SELL JEERA MAY @ 12980 SL 13060 TGT 12900-12840-12780.NCDEX