Jeera November contract gained Rs 2 and settled at Rs 12875 a kg on a supply squeeze, but rising acreage in the sowing season and poor export demand limited gains. The trend for jeera remains negative on higher acreage. In India, jeera is cultivated during winter from October to December, and harvested during February-April. In Unjha, a key spot market in Gujarat, jeera dropped -96.65 rupees to end at 13020 rupees per 100 kg. The contract made intraday low of Rs 12828 a kg and high of Rs 13000 a kg. Support for jeera is at 12802 below that could see a test of 12729. Resistance is now seen at 12974 above that could see a resistance of 13073.

Trading Ideas:

Jeera trading range is 12729-13073.

Jeera ended flat on supply squeeze but rising acreage in sowing season limited gains

Jeera is having resistance at 12974 and support at 12802 level.

NCDEX accredited warehouses jeera stocks rose 6 tonnes to 6561 tonnes.

In Unjha, a key spot market in Gujarat, jeera dropped -96.65 rupees to end at 13020 rupees per 100 kg.