Jeera July contract gained Rs 122 and settled at Rs 11715 a kg  on short-covering, after losing 9 percent in the last five sessions offsetting weak export demand and higher output views. Trend is still down on good crop prospects in Syria and Turkey. Domestic demand is also not supportive. At Unjha, the benchmark spot market in Gujarat, jeera fell 29 rupees to 12,310 rupees per 100 kg. The contract made intraday low of Rs 11575 a kg and high of Rs 11825 a kg. Support for jeera is at 11585 below that could see a test of 11455. Resistance is now seen at 11835 above that could see a resistance of 11955.

Trading Ideas:

Jeera trading range is 11455-11955.

Jeera gained on short-covering offsetting weak export demand and higher output views

Support for the jeera is at 11585 and resistance is at 11835.

NCDEX accredited warehouses jeera stocks dropped 87 tonnes to 8865 tonnes.

SELL JEERA JULY ON JUMP @ 11980 SL 12100 TGT 11850-11740.NCDEX

In Unjha spot prices fell 29 rupees to end at 12,310 rupees per 100 kg