Buy Chilli, CPO, SugarM 200: Geojit Comtrade

Pepper Aug NCDEX: Prices were trading in a narrow range with declining volumes for last one week. In the mean time, an internal trend line support is seen at 42800, which may take off prices higher towards 43750 followed by 44000 levels in the near term. On the other side, a break of 42800 could bring an immediate lower correction towards 42500 or even more towards 42000 levels, which is least expected for the day.

Chilli Aug NCDEX: Chilli prices opened with an upper gap last Saturday and finally settled the day higher at 5898 levels. On the weekly chart, prices are gradually moving towards the 45 week EMA resistance at 6000 region, break and sustain above the same may see a rise in prices towards 6210 followed by 6465 levels. However, if unable to trade and nourish above the same may result corrective selling pressure towards 5420 levels.

SugarM 200 Aug NCDEX: Bullish impetus continues to see towards 3400 followed by 3425 levels in the near term.

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