Jeera June contract gained Rs 144 and settled at Rs 12345 a kg on weak arrivals. Spot market prices also supported the prices as in Unjha jeera edged 33 rupees up to end at 12,545 rupees per 100 kg. New crop has been dwindling at the markets as famers are holding back stocks awaiting a rebound in prices while buyers are picking up the spice at the current softer prices. The contract made intraday low of Rs 12223 a kg and high of Rs 12410 a kg. Support for jeera is at 12242 below that could see a test of 12139. Resistance is now seen at 12429 above that could see a resistance of 12513.

Trading Ideas:

Jeera trading range is 12139-12513.

Jeera gained on weak arrivals and firm spot demand Saturday

Support for the jeera is at 12241 and resistance is at 12430.

NCDEX accredited warehouses jeera stocks settled steady at 8823 tonnes.

BUY JEERA JUNE @ 12200-240 SL 12100 TGT 12340-12450-12620.NCDEX

In Unjha spot prices gained 33 rupees to end at 12,545 rupees per 100 kg