Jeera February contract gained Rs 57 and settled at Rs 14755 a kg on value buying amidst delay in fresh arrivals which was on account of late sowing and depleting stocks. In India, jeera is cultivated during winter from October to December, and harvested in February-April. Unseasonal rains and cloudy weather has delayed jeera sowing. Unseasonal rains and cloudy weather had delayed jeera sowing in India by a fortnight. Jeera prices are getting support from lower levels in absence of arrival pressure. The total arrivals of jeera were around 2500 bags against 3000 bags that were reported last day at Unjha Mandi. In Unjha, a key spot market in Gujarat, jeera gained 43.75 rupees to end at 14725 rupees per 100 kg. The contract made intraday low of Rs 14640 a kg and high of Rs 14870 a kg. Support for jeera is at 14640 below that could see a test of 14525. Resistance is now seen at 14870 above that could see a resistance of 14985.

Trading Ideas:

Jeera trading range is 14538-14998.

Jeera ended firm on value buying amidst delay in fresh arrivals

Jeera is having resistance at 14870 and support at 14640 level.

NCDEX accredited warehouses jeera stocks rose 161 tonnes to 6378 tonnes.

In Unjha, a key spot market in Gujarat, jeera gained 43.75 rupees to end at 14725 rupees per 100 kg.