Jeera August contract gained Rs 145 and settled at Rs 15636 a kg tracking bullish cues from the spot market where stocks were low and demand from local traders was strong. Firmness in the international market is supporting upside in jeera. Jeera gained 398 rupees to end at 15,048 rupees per 100 kg in Unjha, the benchmark spot market in Gujarat. The contract made intraday low of Rs 15306 a kg and high of Rs 15915 a kg. Support for jeera is at 15323 below that could see a test of 15010. Resistance is now seen at 15932 above that could see a resistance of 16228.

Trading Ideas:

Jeera trading range is 15010-16228.

Jeera ended higher tracking bullish cues from the spot market

Support for the jeera is at 15480 and resistance is at 15780.

NCDEX accredited warehouses jeera stocks rose by 18 tonnes to 6285 tonnes.

In Unjha spot prices rose 398 rupees and settled at 15048 rupees per 100 kg.