Jeera July contract gained Rs 178 and settled at Rs 11982 a kg tracking a firm spot market, with good demand at lower levels and dwindling stocks. Arrivals are steady in the physical market. Inquiries are pouring in from local traders at lower prices. In Unjha, a key spot market in Gujarat, jeera gained 78 rupees to end at 12,372 rupees per 100 kg. The contract made intraday low of Rs 11820 a kg and high of Rs 12125 a kg. Support for jeera is at 11826 below that could see a test of 11671. Resistance is now seen at 12131 above that could see a resistance of 12281.

Trading Ideas:

Jeera trading range is 11671-12281.

Jeera ended higher tracking a firm spot market and good demand at lower levels

Support for the jeera is at 11820 and resistance is at 12130.

NCDEX accredited warehouses jeera stocks gained 18 tonnes to 8364 tonnes.

BUY JEERA JULY @ 11900-950 SL 11780 TGT 12060-12140-12270.NCDEX

In Unjha spot prices jumped 78 rupees to end at 12,372 rupees per 100 kg