Jeera June contract gained Rs 39 and settled at Rs 12377 a kg tracking firmness in the spot market and weak arrivals. Domestic demand is supportive but overseas demand is still weak. In Unjha, a key spot market in Gujarat, jeera gained 139 rupees to end at 12,684 rupees per 100 kg. The contract made intraday low of Rs 12350 a kg and high of Rs 12513 a kg. Support for jeera is at 12314 below that could see a test of 12250. Resistance is now seen at 12477 above that could see a resistance of 12576.

Trading Ideas:

Jeera trading range is 12247-12573.

Jeera gained tracking firmness in the spot market and weak arrivals

Support for the jeera is at 12315 and resistance is at 12480.

NCDEX accredited warehouses jeera stocks rose 9 tonnes to 8841 tonnes.

In Unjha spot prices gained 139 rupees to end at 12,684 rupees per 100 kg

SELL JEERA JUNE @ 12425 SL 12560 TGT 12325-12260-12180.NCDEX