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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 up by 2.54 percent to Rs.6140 due to starting 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.

BUY NCDEX CHILLI (FEB) ABOVE 6200 SL 6000 TGT 6500

R1 6300 R2 6400 S1 6000 S2 5800.

Looking for Trading Advisories? Visit tips.commodityonline.com

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