Jeera August contract gained Rs 298 and settled at Rs 14200 a kg supported by good local demand and a supply shortage as stockists awaited better prices. Syria and Turkey have started quoting higher prices for their produce in the international market. Firmness in the international market may support domestic prices. At Unjha, the spot market in Gujarat, jeera gained 39 rupees to end at 13,650 rupees per 100 kg. The contract made intraday low of Rs 13785 a kg and high of Rs 14269 a kg. Support for jeera is at 13900 below that could see a test of 13601. Resistance is now seen at 14384 above that could see a resistance of 14569.

Trading Ideas:

Jeera trading range is 13601-14569.

Jeera ended positive supported by good local demand and a supply shortage

Support for the jeera is at 14040 and resistance is at 14380.

NCDEX accredited warehouses jeera stocks rose by 12 tonnes to 6378 tonnes.

In Unjha spot prices gained 39 rupees and settled at 13650 rupees per 100 kg.