Jeera August contract gained Rs 306 and settled at Rs 16330 per quintal on expected rise in export demand following the reports of lower output . Arrivals in spot markets have gone up to 12,000 bags of 55 kg each as against 4,000-5,000 bags in the comparable period last year, and recent rains in Gujarat is also hurting the sentiment. In India, the world's largest producer and exporter, jeera is cultivated mainly in the states of Gujarat and Rajasthan from October to December and harvested in Feb-April. The total fresh arrivals of jeera were at around 20,000 bags (demand was reported around 18,000 bags) were reported against 7,000 bags on the previous day. In Unjha, a key spot market in Gujarat, jeera gained 29.9 rupees to end at 15230.8 rupees per 100 kg. The contract made intraday low of Rs 15731 a kg and high of Rs 16410 a kg. Support for jeera is at 15904 below that could see a test of 15478. Resistance is now seen at 16583 above that could see a resistance of 16836.   

Jeera trading range is 15478-16836.

Jeera gained on expected rise in export demand following the reports of lower output

Jeera is having resistance at 16583 and support at 15904 level.

NCDEX accredited warehouses jeera stocks gained by 158 tonnes to 11596 tonnes.

BUY JEERA AUG @ 16200-280 SL 16080 TGT 16420-16640-16780.NCDEX

In Unjha, a key spot market in Gujarat, jeera gained 29.9 rupees to end at 15230.8 rupees per 100 kg.