Jeera July contract gained Rs 89 and settled at Rs 12380 a kg on a decline in arrivals towards the end of the season, good spot demand and lower stocks. Farmers are not releasing their produce as they are waiting for a good jump in the prices. Good demand is coming from local buyers. At Unjha spot market, jeera gained 125 rupees to 12,578 rupees per 100 kg. The contract made intraday low of Rs 12300 a kg and high of Rs 12457 a kg. Support for jeera is at 12301 below that could see a test of 12222. Resistance is now seen at 12458 above that could see a resistance of 12536.

Trading Ideas:

Jeera trading range is 12222-12536.

Jeera ended higher due to decline in arrivals and good spot demand

Support for the jeera is at 12300 and resistance is at 12460.

NCDEX accredited warehouses jeera stocks dropped 118 tonnes to 7307 tonnes.

SELL JEERA JULY @ 12480 SL 12560 TGT 12400-12325-12240.NCDEX

In Unjha spot prices gained 125 rupees and ended at 12,578 rupees per 100 kg