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Tuesday 14 February 2012

chilli updates

NCDEX Red Chilli March 2012 contract trading significantly up
NCDEX Red Chilli March-2012 delivery contract opened at Rs. 5220 Rs/qtl today, a decline of 0.61 per cent against previous settlement. NCDEX Red Chilli March 2012 contract finished significantly up at Rs. 5358 Rs/qtl, higher by 2.02 per cent over previous settlement price. The contract traded in the range of Rs. 5180-5358 Rs/qtl during the session. Rise in open interest along with prices indicate that an uptrend is in place and is likely to be sustained. Volume has declined to 715, lower by 1715 against previous trading day. NCDEX Red Chilli March-2012 Futures (10:31 AM IST) Last Traded Open High Low Previous Close Volume Open Interest 5358 5220 5358 5180 5252 715 2905 nnbsp; Price Drivers: Bullish Factor : 1) Higher demand nnbsp;

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sell gold @ 56860 sl 57100 target 56600/56400/56500