Jeera July contract gained Rs 33 and settled at Rs 11936 a kg on dwindling arrivals and poor carry-forward stocks. Arrivals have come down as farmers are hoping for better prices. Demand is average in the market. In Unjha, a key spot market in Gujarat, jeera ended unchanged at 12,385 rupees per 100 kg. The contract made intraday low of Rs 11841 a kg and high of Rs 11974 a kg. Support for jeera is at 11860 below that could see a test of 11784. Resistance is now seen at 11993 above that could see a resistance of 12050.

Trading Ideas:

Jeera trading range is 11866-12108.

Jeera ended positive on dwindling arrivals and poor carry-forward stocks

Support for the jeera is at 11860 and resistance is at 11990.

NCDEX accredited warehouses jeera stocks dropped 36 tonnes to 7734 tonnes.

BUY JEERA JULY @ 11800-840 SL 11730 TGT 11915-11970-12050.NCDEX

In Unjha spot prices ended flat at 12,385 rupees per 100 kg