Jeera November contract gained Rs 145 and settled at Rs 13070 a kg as lower stocks and weakening arrivals prompted buying, but hopes of good sowing in the up-coming season weighed. Despite competitive prices in the international market, export demand is weak. Domestic buyers are also staying away on apprehension of further fall in the prices. The total jeera arrivals of around 3000 bags were reported at Unjha Mandi against 4500 bags from the previous day. In Unjha, a key spot market in Gujarat, jeera dropped -33.75 rupees to end at 13106.25 rupees per 100 kg. The contract made intraday low of Rs 12958 a kg and high of Rs 13180 a kg. Support for jeera is at 12959 below that could see a test of 12847. Resistance is now seen at 13181 above that could see a resistance of 13291.

Trading Ideas:

Jeera trading range is 12847-13291.

Jeera ended higher as lower stocks and weakening arrivals prompted buying

Jeera is having resistance at 13181 and support at 12959 level.

NCDEX accredited warehouses stocks jeera rose 117 tonnes to 6010 tonnes.

In Unjha, a key spot market in Gujarat, jeera dropped -33.75 rupees to end at 13106.25 rupees per 100 kg.