Jeera August contract gained Rs 43 and settled at Rs 14170 a kg as traders covered-up their positions amid better demand at the spot market. At Unjha spot market, jeera dropped 311 rupees to end at 14,207 rupees per 100 kg. Export demand may gain pace if prices come down by another 200 rupees from current levels. The contract made intraday low of Rs 14025 a kg and high of Rs 14285 a kg. Support for jeera is at 14035 below that could see a test of 13900. Resistance is now seen at 14295 above that could see a resistance of 14420.

Trading Ideas:

Jeera trading range is 13900-14420.

Jeera yesterday ended positive as traders covered-up their positions amid better demand

Support for the jeera is at 14035 and resistance is at 14295.

NCDEX accredited warehouses jeera stocks rose by 103 tonnes to 5371 tonnes.

At Unjha, jeera rose 20 rupees to end at 14,227 rupees per 100 kg