Jeera August contract gained Rs 130 and settled at Rs 14526 a kg on local demand, some overseas inquires and poor stocks. Fundamentals are supportive. Stocks are limited while demand is improving. At Unjha, spot market in Gujarat, jeera gained 146 rupees to end at 13,921 rupees per 100 kg. The contract made intraday low of Rs 14325 a kg and high of Rs 14620 a kg. Support for jeera is at 14361 below that could see a test of 14195. Resistance is now seen at 14656 above that could see a resistance of 14785.

Trading Ideas:

Jeera trading range is 14195-14785.

Jeera ended positive on local demand and some overseas inquires

Support for the jeera is at 18180 and resistance is at 14500.

NCDEX accredited warehouses jeera stocks gained by 12 tonnes to 6381 tonnes.

In Unjha spot prices rose 146 rupees and settled at 13921 rupees per 100 kg.