Jeera October contract gained Rs 33 and settled at Rs 13515 a kg supported by lower stocks and on a fall in daily arrivals. Daily arrivals have been squeezed to 2,000 bags (55 kg each) against the per day trade of 5,000-6,000 bags. Domestic demand is good and is supporting prices. Trading volumes in jeera were down in Unjha spot markets Friday on lower arrivals. In Unjha, a key spot market in Gujarat, jeera gained 20.45 rupees to end at 13518.2 rupees per 100 kg. The contract made intraday low of Rs 13458 a kg and high of Rs 13614 a kg. Support for jeera is at 13444 below that could see a test of 13373. Resistance is now seen at 13600 above that could see a resistance of 13685.

Trading Ideas:

Jeera trading range is 13373-13685.

Jeera ended positive supported by lower stocks and on a fall in daily arrivals

Jeera is having resistance at 13600 and support at 13444 level.

NCDEX accredited warehouses stocks jeera rose 41 tonnes to 5910 tonnes.

In Unjha, a key spot market in Gujarat, jeera gained 20.45 rupees to end at 13518.2 rupees per 100 kg.