Jeera March contract gained Rs 58 and settled at Rs 15950 a kg on account of accelerated demand.  Speculators enlarged their positions on concerns about lower production, following unseasonal rain at producing centers and falling stocks. However, poor export demand for jeera futures may cap the gains in the near term. In Unjha, a key spot market in Gujarat, jeera gained 19.9 rupees to end at 15513.65 rupees per 100 kg. The contract made intraday low of Rs 15744 a kg and high of Rs 16089 a kg. Support for jeera is at 15766 below that could see a test of 15583. Resistance is now seen at 16111 above that could see a resistance of 16273.

Trading Ideas:

Jeera trading range is 15582-16272.

Jeera yesterday rose on account of accelerated demand

Jeera is having resistance at 16100 and support at 15780 level.

NCDEX accredited warehouses jeera stocks rose 267 tonnes to 7788 tonnes.

In Unjha, a key spot market in Gujarat, jeera gained 19.9 rupees to end at 15513.65 rupees per 100 kg.