Commodity Outlook for Jeera by KediaCommodity
Jeera September contract gained Rs 33 and settled at Rs 13440 a kg on bargain buying, supported by lower arrivals and diminishing stocks. In India, jeera is cultivated during winter from October to December, and harvested during February-April. In Unjha, a key spot market in Gujarat, jeera dropped -9.5 rupees to end at 13907.65 rupees per 100 kg. The contract made intraday low of Rs 13305 a kg and high of Rs 13545 a kg. Support for jeera is at 13315 below that could see a test of 13190. Resistance is now seen at 13555 above that could see a resistance of 13670.
Trading Ideas:
Jeera trading range is 13186-13666.
Jeera ended positive on bargain buying supported by lower arrivals
Support for the jeera is at 13315 and resistance is at 13555.
NCDEX accredited warehouses jeera stocks rose 9 tonnes to 6385 tonnes.
In Unjha, a key spot market in Gujarat, jeera dropped -9.5 rupees to end at 13907.65 rupees per 100 kg.