Jeera June contract gained Rs 111 and settled at Rs 12185 a kg following spot demand and lower stocks. Spot market prices also supported the prices as in Unjha jeera edged 42 rupees up to end at 12,560 rupees per 100 kg. New crop has been dwindling at the markets as famers are holding back stocks awaiting a rebound in prices which have dropped nearly 8 percent in 12 sessions, while buyers are picking up the spice at the current softer prices. Yesterday the contract made intraday low of Rs 12080 a kg and high of Rs 12235 a kg. Support for jeera is at 12098 below that could see a test of 12012. Resistance is now seen at 12253 above that could see a resistance of 12322.

Trading Ideas:

Trading Ideas:

Jeera trading range is 12012-12322.

Jeera gained following spot demand and lower stocks

Support for the jeera is at 12100 and resistance is at 12250.

NCDEX accredited warehouses jeera stocks rose by 131 tonnes to 8823 tonnes.

BUY JEERA JUNE @ 12080 SL 11940 TGT 12170-12260-12340.NCDEX

In Unjha spot prices gained 42 rupees to end at 12,560 rupees per 100 kg