The Red Chilli futures ended the last session with profits after plunged in the early trading session on Tuesday. The NCDEX Red Chilli futures benchmark December contract ended the last session with profit of Rs 5 at Rs 5361 per 100 kg. The December futures opened today's session with gain at Rs 5388 and spurted to the session high of Rs 5413 per 100, up Rs 52 and the open interest dropped 0.70 % to 1,420 lots from 1,430 lots as on last day, indicating short covering. The volume traded as of now stood at 25 lots. Technically the contract is having next resistance at Rs 5430- Rs 5460 and Rs 5500 and support at Rs 5340 and Rs 5300 per 100 kg.
The Red Chilli extended the last session gains on today in the local cash market. The Red Chilli price in the benchmark Guntur mandi spurted today nearly Rs 7.20 to Rs 5720.85 per 100 kg. The Red Chilli price in the benchmark Guntur mandi ended the last session with profit of Rs 8.90 at Rs 5713.65 per 100 kg.
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