Jeera November contract gained Rs 181 and settled at Rs 13305 a kg supported by domestic and export buying amid limited arrivals. It is mainly because of fresh local buying and even arrivals are limited due to lean season. In India, jeera is cultivated during winter from October to December, and harvested during February-April. The arrivals of jeera were around 1500 bags against 1200 bags that were reported last day. In Unjha, a key spot market in Gujarat, jeera gained 15 rupees to end at 13140 rupees per 100 kg. The contract made intraday low of Rs 13080 a kg and high of Rs 13349 a kg. Support for jeera is at 13140 below that could see a test of 12976. Resistance is now seen at 13409 above that could see a resistance of 13514.

Trading Ideas:

Jeera trading range is 12976-13514.

Jeera ended positive supported by domestic and export buying amid limited arrivals

Jeera is having resistance at 13409 and support at 13140 level.

NCDEX accredited warehouses jeera stocks rose 48 tonnes to 6663 tonnes.

In Unjha, a key spot market in Gujarat, jeera gained 15 rupees to end at 13140 rupees per 100 kg.