NCDEX Jeera trading range for the day is 15035-16025 . Jeera settled up by 1.99% at 15595 on an improvement in demand, though rising new season supplies capped the upside. According to the data, jeera, a rabi crop, has been sown on 2.64 lakh hectares (lh) this year in Gujarat compared with 4.54 lh during the same period a year ago. In Rajasthan, it has been sown on 3.39 lh this year against 3.90 lh last year.
In Unjha, a key spot market in Gujarat, jeera edged up by 327.55 rupees to end at 15668.75 rupee per 100 kg.
Technically market is under short covering as market has witnessed remain unchanged in open interest by 0% to settled at 17547 while prices up 305 rupee, now Jeera is getting support at 15315 and below same could see a test of 15035 level, and resistance is now likely to be seen at 15810, a move above could see prices testing 16025.
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