Login ID:
Password:
Partner Login
Contact Us : 7066511911

Red Chilli Teja (Guntur) Retesting Major Resistance Zone (Rs. 220 Rs. 230)

19 Dec 2022 12:28 pm
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 

Red chilly prices are set to retest Rs 220 - Rs 230 levels as visible from the chart pattern below. After dropping near Rs 200 level the commodity is seeing renewed buying activity. The momentum was provided by negative news flow in recent past. Rains in growing regions have damaged crops while in some cases. Also, the crop availability is likely to fall due to lower area under cultivation.


       
  Rate this story 1 out of 52 out of 53 out of 54 out of 55 out of 5 Rated
0.0

   Post comment
Comment :

Note : This forum is moderated. We reserve the right to not publish and/or edit the comment on the site, if the comment is offensive, contains inappropriate data or violates our editorial policy.
Name :  
Email :  
   

Top | Post Comment  

Latest Special Reports
Statewise Area/Production of Pepper
Statewise Area/Production of Chilli
Statewise Area/Production of Dhaniya (Coriander)
Statewise Area/Production of Jeera (Cumind Seed)
Red Chilli (Guntur) Bullish Breakout Above Key Resist...
more
Top 5 News
RBD Palm Olein (Kandla) Trending Lower / Next Support...
Urad (Mumbai) Trending Higher / Next Resistance at Rs...
Australia's Winter Crop Outlook Indicates Lower Harvest...
Malaysia's Palm Oil Production Set for Surge as Labor S...
Drought Crisis Intensifies as U.S. Winter Wheat Abandon...
Top 5 Market Commentary
Shanghai Rubber Price 06 June , 2023
Long/Short Quantity Position In NCDEX Castor seed on 5t...
Thailand Rubber F.O.B. Offer Prices 06 June , 2023
Malaysia Rubber Physical Prices (Sen/Kg) 06 June , ...
Corn Futures Pull Back from Six-Week High Amid Weak Ex...
Copyright © CC Commodity Info Services LLP. All rights reserved.