Jeera on NCDEX settled up 1.04% at 19520 on reports lower arrivals in Gujarat on expectation of damage to stored jeera due to heavy rains. Prices also seen supported on tight stocks and hopes for domestic as well exporters buying in the coming days. Jeera output in Gujarat-the major producing states-during 2016-17 was estimated lower at 212,000 ton due to fall in acreage, Gujarat Agriculture ministry data showed.

Technically market is under fresh buying as market has witnessed gain in open interest by 11.25% to settled at 15039 while prices up 200 rupees, now Jeera is getting support at 19217 and below same could see a test of 18913 level, And resistance is now likely to be seen at 19737, a move above could see prices testing 19953.

Trading Ideas:

* Jeera trading range for the day is 18915-19955.

* Jeera prices gained on reports lower arrivals in Gujarat on expectation of damage to stored jeera due to heavy rains.

* Jeera output in Gujarat-the major producing states-during 2016-17 was estimated lower at 212,000 ton due to fall in acreage.

* NCDEX accredited warehouses jeera stocks gained by 51 tonnes to 2542 tonnes.

* In Unjha, a key spot market in Gujarat, jeera edged up by 13.35 Rupees to end at 19313.35 Rupees per 100 kg.

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