MCX Cardamom up by 0.4% on rising demand:->
- Cardamom rose 0.43% to Rs 790.10 per kg in futures trade today amid rising demand in spot markets.
- At the Multi Commodity Exchange, cardamom for delivery in December advanced by Rs 3.40, or 0.43%, to Rs 790.10 per kg in a business turnover of 152 lots.
- Likewise, the spice for delivery in January next year gained Rs 3.40, or 0.40%, to Rs 861.90 per kg in 52 lots.
Cardamom to conitnue Bearish streak:->
- Cardamom futures were only marginally up on Friday till 11.55 at the Multi Commodity Exchange (MCX). The spice may trade side ways for intra day and bearish for short term.
- Cardamom December contract rose 0.29% to Rs. 789 per kg on Friday at MCX.
- Cardamom is Bearish for short term and sideways for intra day. Support for short term is seen at 750 and resistance 820. Intra day support is seen at 780 resistance at 798.
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