Jeera September contract gained Rs 82 and settled at Rs 14413 a kg as declining supplies sparked some demand in the local market, while a drop in the prices of Indian origin jeera overseas buoyed hopes for export. Arrivals have lessened as farmers are not willing to sell their produce at these levels.  At Unjha spot market, jeera gained 17 rupees to end at 14,236 rupees per 100 kg. The contract made intraday low of Rs 14300 a kg and high of Rs 14550 a kg. Support for jeera is at 14292 below that could see a test of 14171. Resistance is now seen at 14542 above that could see a resistance of 14671.

Trading Ideas:

Jeera trading range is 14171-14671.

Jeera ended positive as declining supplies sparked some demand in local market

Support for the jeera is at 14290 and resistance is at 14540.

NCDEX accredited warehouses jeera stocks rose by 141 tonnes to 5695 tonnes.

At Unjha, jeera rose 17 rupees to end at 14,236 rupees per 100 kg