The Red Chilli futures ended the last session with heavy loss on profit taking. The NCDEX Red Chilli futures benchmark December contract ended the last session with loss of Rs 61 or 1.13% at Rs 5356 per 100 kg on Monday. The futures extended the loss on Tuesday morning trading session and it traded with sluggish note. The December futures contract traded in the ranges of Rs 5349-Rs 5340 per 100 kg. The counter currently trades at Rs 5341, down Rs 15 from the last close and the open interest added 1.05% to 1,440 lots from 1,425 lots as on yesterday, indicating short selling.
The volume traded as of now stood at 60 lots. Technically the December futures contract is having next support at Rs 5320 and Rs 5300 and resistance at Rs 5370 and Rs 5430 per 100 kg.The Red Chilli recovered from the previous session loss today in the benchmark local cash market. The Red Chilli prices in the Guntur mandi in the state of Andhra Pradesh, ended the session lower Rs 20.20 at Rs 5704.75 per 100 kg as on Monday. The Red Chilli spurted nearly Rs 6.20 today to Rs 5710.95 per 100 kg.
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