Jeera March contract gained Rs 363 and settled at Rs 15740 a kg on concerns about lower production, following unseasonal rain at producing centres and depleting stocks. Further, delayed sowing and prospects of delayed arrivals have also being influencing trader's sentiment. Moreover, anticipation of demand from the US and European countries is likely to shift towards India in coming weeks due to low stocks in the International markets further contributed to the uptrend. Fresh arrivals of new jeera crop have been delayed by almost 25-30 days so far in the current season due to erratic monsoon in Gujarat.  In Unjha, a key spot market in Gujarat, jeera gained 40 rupees to end at 14790 rupees per 100 kg. The contract made intraday low of Rs 15330 a kg and high of Rs 15848 a kg. Support for jeera is at 15431 below that could see a test of 15121. Resistance is now seen at 15949 above that could see a resistance of 16157.

Trading Ideas:

Jeera trading range is 15128-16164.

Jeera gained on concerns about lower production

Jeera is having resistance at 15949 and support at 15431 level.

NCDEX accredited warehouses jeera stocks dropped 12 tonnes to 6845 tonnes.

In Unjha, a key spot market in Gujarat, jeera dropped 0 rupees to end at 0 rupees per 100 kg.