Jeera July contract gained Rs 169 and settled at Rs 12009 a kg on some buying interest at lower levels supported by poor stocks and firmness in other spices. Arrivals have come down as farmers have held back their produce for higher prices. In Unjha, a key spot market in Gujarat, jeera dropped 40 rupees to end at 12,350 rupees per 100 kg. The contract made intraday low of Rs 11839 a kg and high of Rs 12020 a kg. Support for jeera is at 11892 below that could see a test of 11775. Resistance is now seen at 12073 above that could see a resistance of 12137.

Trading Ideas:

Jeera trading range is 11775-12137.

Jeera ended positive on some buying interest at lower levels supported by poor stocks

Support for the jeera is at 11890 and resistance is at 12080.

NCDEX accredited warehouses jeera stocks dropped 126 tonnes to 7941 tonnes.

BUY JEERA JULY @  11950-980 SL 11820 TGT 12080-12170-12270.NCDEX

In Unjha spot prices fell 40 rupees to end at 12,350 rupees per 100 kg