Jeera August contract gained Rs 491 and settled at Rs 15175 a kg on buying interest at lower levels after falling more than 3 percent in the previous session and on lower stocks. Output in Turkey and China is expected to be lower this year. At Unjha, the benchmark spot market in Gujarat, jeera fell 120 rupees to end at 14,505 rupees per 100 kg. The contract made intraday low of Rs 14451 a kg and high of Rs 15235 a kg. Support for jeera is at 14672 below that could see a test of 14170. Resistance is now seen at 15456 above that could see a resistance of 15738.

Trading Ideas:

Jeera trading range is 14170-15738.

Jeera ended higher on buying interest at lower levels and on lower stocks

Support for the jeera is at 15140 and resistance is at 15320.

Spread between Jeera AUG & SEP contracts yesterday traded in the range of 228 to 242.

At Unjha, jeera dropped 120 rupees to end at 14,505 rupees per 100 kg