Jeera August contract gained Rs 253 and settled at Rs 13975 a kg supported by good demand in spot market amid a decline in daily arrivals as stockists have held back stocks on hopes of higher prices. Local demand is supporting prices. Sentiment in the spices complex is firm. At Unjha, spot market in Gujarat, jeera gained 135.5 rupees to end at 13,500 rupees per 100 kg. The contract made intraday low of Rs 13700 a kg and high of Rs 14030 a kg. Support for jeera is at 13773 below that could see a test of 13572. Resistance is now seen at 14103 above that could see a resistance of 14232.

Trading Ideas:

Jeera trading range is 13572-14232.

Jeera ended higher supported by good demand in spot market

Support for the jeera is at 14100 and resistance is at 13770.

NCDEX accredited warehouses turmeric stocks fell by 9 tonnes to 6351 tonnes.

BUY JEERA AUG ON DIP @13400-440 SL 13320 TGT 13520-13640.NCDEX

In Unjha spot prices gained 135 rupees and settled at 13500 rupees per 100 kg.