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• Jeera trading strategy for second week of May
• Chilli and Cardamom uptrend will continue: Karvy
• MCX Copper gains, resistance at Rs.425.20/427.70:Angel
• MCX Crude oil rises, resistance at Rs.5465/5486:Angel

Chills prices traded down and settled with lower circuit of 4 percent to Rs.5808 due to lack of export demand in the market.

Chilli futures are likely to be supportive in the near term due to feeble carryover stocks of superior quality of chilli in the major mandies.

Red Chilli exports decreased 37% to 40,500 tonnes while revenue declined 6% to Rs 36,575 lakh.

SELL NCDEX CHILLI (FEB) BELOW 6000 SL 6200 TGT 5500

R1 6300 R2 6400 S1 5700 S2 5500.

Looking for Trading Advisories? Visit tips.commodityonline.com

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