Jeera January contract gained Rs 83 and settled at Rs 13964 a kg supported by the strong demand in the spot market due to ongoing marriage season. However, hopes of fresh sowing at producing centers, following clear weather conditions, are restricting the gains. Fresh sowing of jeera is being done at a few places in Gujarat and Rajasthan due to clear weather and will continue through December. In Unjha, a key spot market in Gujarat, jeera dropped -9.85 rupees to end at 14158.35 rupees per 100 kg. The contract made intraday low of Rs 13800 a kg and high of Rs 13997 a kg. Support for jeera is at
13844 below that could see a test of 13723. Resistance is now seen at 14041 above that could see a resistance of 14117.

Trading Ideas:

Jeera trading range is 13715-14109.

Jeera ended positive supported by the strong demand in the spot market

Jeera is having resistance at 14040 and support at 13845 level.

NCDEX accredited warehouses jeera stocks rose 45 tonnes to 5827 tonnes.

In Unjha, a key spot market in Gujarat, jeera dropped -9.85 rupees to end at 14158.35 rupees per 100 kg.