Commodity Outlook for Jeera by KediaCommodity

JeeraJeera September contract gained Rs 28 and settled at Rs 14676 a kg on firm spot, thin supplies and poor stocks prompted lower-level buying. Rains have disrupted the supplies. Demand at local market is firm but overseas inquiries are still weak. At Unjha, the benchmark spot market in Gujarat, jeera gained 60 rupees to end at 14,280 rupees per 100 kg.  The contract made intraday low of Rs 14440 a kg and high of Rs 14780 a kg. Support for jeera is at 14484 below that could see a test of 14292. Resistance is now seen at 14824 above that could see a resistance of 14972.

Trading Ideas:

Jeera trading range is 14293-14973.

Jeera ended higher on firm spot and thin supplies

Support for the jeera is at 14490 and resistance is at 14825.

NCDEX accredited warehouses jeera stocks rose by 103 tonnes to 5641 tonnes

At Unjha, jeera jumped 60 rupees to end at 14,280 rupees per 100 kg