Cautious In The Future Of Red Chilli Visit Some Profiteering Last Day

Red Chilli NCDEX futures has been very strong on Saturday, August contract expires grew 4% to Rs 8,734 after touching a low level of R 8352-100 kg. 14-day RSI sharp increase in the last session of up to 62.72 levels. The contract has touched nearly two weeks of the closing price above the previous resistance level.

Technically, the contract after a resistance of R 8776, R 8824, while support is R 8650, R 8541 per 100 kg. The contract of an outbreak control excessive prices in recent trading sessions. Therefore, some profit-taking may be witnesses in the future session of the spice trade today NRI Online Trading account.


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