Jeera July contract gained Rs 387 and settled at Rs 13218 a kg tracking bullish physical market cues as arrivals dropped amid depleting stocks. Spot demand is gradually picking up. At Unjha, the benchmark spot market in Gujarat, jeera gained 143 rupees to end at 12,800 rupees per 100 kg. Firm trend in other spices also supported the upside in jeera. The contract made intraday low of Rs 12811 a kg and high of Rs 13223 a kg. Support for jeera is at 12945 below that could see a test of 12672. Resistance is now seen at 13357 above that could see a resistance of 13496.

Trading Ideas:

Jeera trading range is 12672-13496.

Jeera ended positive tracking bullish physical market cues

Support for the jeera is at 13060 and resistance is at 13340.

NCDEX accredited warehouses jeera stocks dropped 18 tonnes to 7088 tonnes.

SELL JEERA JULY @ 13300-350 SL 13480 TGT 13180-13070-12950.NCDEX

In Unjha spot prices gained 143 rupees and ended at 12,800 rupees per 100 kg