Chilli Jul NCDEX: Prices broke the crucial horizontal support of 6250 and if persist to trade below the same might see selling pressure pointing to 6100/6000 levels.
RM seed June NCDEX: Rmseed prices slumped on Saturday and settled at 3471. As long as prices stay below 3500, could see sharp selloffs towards 3450 followed by 3422/3400 levels. Meanwhile, daily RSI is in neutral zone, which may hinder the downside moves. However, a direct rise above 3500 could see short covering rallies to 3545 levels. Major bullish rally would kick in only on a break above 3560 levels.
Jeera June NCDEX: If prices break the support of 13000, could see lower correction towards 12825.
Cardamom May MCX: After an initial weak trading session, prices gained momentum and closed the day at 760.1. It is now required to break the trend line support of 750 for triggering selloffs towards 725 followed by 700 levels. The daily RSI indicator is also supporting the same view. On the other side, if unable to break 750, expect rallies to 800 levels during the day. Major upside moves expected only on a close above 830 regions in the near term.
Strategy: Sell Chilli, RMSeed on rally and Jeera below Rs 13000
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