Jeera September contract gained Rs 45 and settled at Rs 14549 a kg tracking firmness in other spices and on thin arrivals and poor stocks, but absence of overseas demand limited the upside. Locally demand is normal but prices are not sustaining at higher levels due to subdued overseas demand. Estimates of lower crop in Syria and Turkey, the major competitors of India, are also supporting the upside. The contract made intraday low of Rs 14477 a kg and high of Rs 14665 a kg. Support for jeera is at 14462 below that could see a test of 14376. Resistance is now seen at 14650 above that could see a resistance of 14752.

Trading Ideas:

Jeera trading range is 14380-14756.

Jeera ended firm tracking firmness in other spices and on thin arrivals

Support for the jeera is at 14430 and resistance is at 14615.

NCDEX accredited warehouses jeera stocks rose by 57 tonnes to 5833 tonnes.

At Unjha, jeera fell 11.85 rupees to end at 14,211.05 rupees per 100 kg