Jeera September contract gained Rs 107 and settled at Rs 13536 a kg on bargain buying supported by a decline in daily arrivals and dwindling stocks. In spot, selling pressure has come down after continuous fall in the prices. Estimates of lower crop in Syria and Turkey, the major competitors of India, also supported the upside. In Unjha, a key spot market in Gujarat, jeera dropped -47.65 rupees to end at 13860 rupees per 100 kg. The contract made intraday low of Rs 13370 a kg and high of Rs 13719 a kg. Support for jeera is at 13364 below that could see a test of 13193. Resistance is now seen at 13713 above that could see a resistance of 13891.

Trading Ideas:

Jeera trading range is 13191-13889.

Jeera ended positive on bargain buying supported by a decline in daily arrivals

Support for the jeera is at 13365 and resistance is at 13710.

NCDEX accredited warehouses jeera stocks fell 39 tonnes to 6349 tonnes.

In Unjha, a key spot market in Gujarat, jeera dropped -47.65 rupees to end at 13860 rupees per 100 kg.