MCX CARDAMOM LIKELY TO TRADE SIDEWAYS

• Cardamom prices gained on 2.48% to Rs 965.10 per kg in futures trade today as speculators enlarged their positions tracking a firming trend at spot market on strong demand.
• At the Multi Commodity Exchange, cardamom for delivery in January-2015 rose by Rs 23.40, or 2.48%, to Rs 965.10 per kg in business turnover of 592 lots.
• Likewise, the spice for delivery in February edged up by Rs 23.40, or 2.41%, to Rs 993.50 per kg in 145 lots.
• Cardamom is side ways for short term and intra day. Support for short term is seen at 920 and resistance 1030. Intra day support is seen at 945 resistance at 955,
• Besides, tight stocks position in the physical market following restricted supplies from major producing belts too supported cardamom prices' uptrend.