Jeera September contract gained Rs 252 and settled at Rs 14921 a kg as a decline in supplies and diminishing stocks offset subdued exports. Daily arrivals have come under 2,000 bags of 60 kg each whereas the total trade is around 5,000 bags. In Unjha, a key spot market in Gujarat, jeera gained 49.3 rupees to end at 14440.5 rupees per 100 kg. The contract made intraday low of Rs 14591 a kg and high of Rs 15063 a kg. Support for jeera is at 14654 below that could see a test of 14386. Resistance is now seen at 15126 above that could see a resistance of 15330.

Trading Ideas:

Jeera trading range is 14386-15330.

Jeera ended higher due to decline in supplies and diminishing stocks

Support for the jeera is at 14780 and resistance is at 15060.

NCDEX accredited warehouses jeera stocks rose by 39 tonnes to 6368 tonnes.

In Unjha, a key spot market in Gujarat, jeera gained 49.3 rupees to end at 14440.5 rupees per 100 kg.