Jeera jumped on  improved domestic demand and potential exports demand in coming weeks yesterday we have seen market settling more than 1%. As demand from US and European countries likely to shift more towards India in coming weeks due to low stocks in December contract gained Rs 190 and settled at Rs 14130 a kg the international markets.Further, even strengthening of Dollar vs Rupee will have beneficial impact for potential export demand going ahead. The total arrivals of jeera were around 2500 bags were reported at Unjha Mandi against 2000 bags from the previous day. In Unjha, a key spot market in Gujarat, jeera gained 177.5 rupees to end at 13660 rupees per 100 kg. The contract made intraday low of Rs 14020 a kg and high of Rs 14200 a kg. Support for jeera is at 14033 below that could see a test of 13937. Resistance is now seen at 14213 above that could see a resistance of 14297.

Trading Ideas:

Jeera trading range is 13937-14297.

Jeera ended higher on the back of improved domestic and exports demand

Jeera is having resistance at 14215 and support at 14030 level.

NCDEX accredited warehouses jeera stocks rose 18 tonnes to 6331 tonnes.

In Unjha, a key spot market in Gujarat, jeera gained 177.5 rupees to end at 13660 rupees per 100 kg.