Jeera December contract gained Rs 54 and settled at Rs 13744 a kg as a delay in sowing operations and thin supplies supported the prices. But tepid export demand for the commodity weighed on the prices. As sowing is expected to get delayed which could help jeera prices rise in the medium to long term. The total arrivals of around 1500 bags were reported at Unjha Mandi against 2000 bags. In Unjha, a key spot market in Gujarat, jeera gained 66.2 rupees to end at 13388 rupees per 100 kg. The contract made intraday low of Rs 13626 a kg and high of Rs 13880 a kg. Support for jeera is at 13620 below that could see a test of 13496. Resistance is now seen at 13874 above that could see a resistance of 14004.

Trading Ideas:

Jeera trading range is 13496-14004.

Jeera ended firm as delay in sowing operations and thin supplies supported the prices

Jeera is having resistance at 13875 and support at 13620 level.

NCDEX accredited warehouses jeera stocks rose 51 tonnes to 6313 tonnes.

In Unjha, a key spot market in Gujarat, jeera gained 66.2 rupees to end at 13388 rupees per 100 kg.