Jeera November contract and settled at Rs 13050 a kg as tepid exports and expectation of a rise in acreage in the up-coming sowing season offset a squeeze in supplies. In India, jeera is cultivated during winter from October to December, and harvested during February-April. The total arrivals of jeera were around 1500 bags were reported at Unjha Mandi against 1000 bags from the previous day. In Unjha, a key spot market in Gujarat, jeera gained 48.7 rupees to end at 13171.45 rupees per 100 kg. The contract made intraday low of Rs 12911 a kg and high of Rs 13089 a kg. Support for jeera is at 12944 below that could see a test of 12839. Resistance is now seen at 13122 above that could see a resistance of 13195.

Trading Ideas:

Jeera trading range is 12839-13195.

Jeera ended flat as tepid exports and expectation of rise in acreage offset squeeze in supplies

Jeera is having resistance at 13125 and support at 12945 level.

NCDEX accredited warehouses jeera stocks rose 12 tonnes to 6399 tonnes.

In Unjha, a key spot market in Gujarat, jeera gained 48.7 rupees to end at 13171.45 rupees per 100 kg.