Jeera settled flat due to lower stocks and restricted spot supplies, though lacklustre overseas demand weighed. A delay in sowing operations because of untimely rains in major cultivating regions also supported sentiment. Sowing may get delayed by 10-15 days due to recent rains. A delay in sowing means a late harvest, and this will create a further tight supply position. In Unjha, a key spot market in Gujarat, jeera gained 175 rupees to end at 13325 rupees per 100 kg. The contract made intraday low of Rs 13715 a kg and high of Rs 13945 a kg. Support for jeera is at 13750 below that could see a test of 13617. Resistance is now seen at 13980 above that could see a resistance of 14077.

Trading Ideas:

Jeera trading range is 13617-14077.

Jeera settled flat due to lower stocks and restricted spot supplies

Jeera is having resistance at 14000 and support at 13720 level.

NCDEX accredited warehouses jeera stocks rose 27 tonnes to 6262 tonnes.

In Unjha, a key spot market in Gujarat, jeera gained 175 rupees to end at 13325 rupees per 100 kg.