CARDAMOM GAINS 0.77% AS SPOT DEMAND PICKS UP

• Cardamom prices moved up by 0.77 % to Rs 1,087.20 per kg in futures trade today as speculators indulged in creating fresh positions after pick up in demand in the spot market.
• At the Multi Commodity Exchange, cardamom for delivery in February rose Rs 8.30, or 0.77 % to Rs 1,087.20 per kg in business turnover of 507 lots.
• MCX Cardamom January contract plunged by 0.96% to Rs. 979.40 per kg on Tuesday
• Cardamom is side ways for both short term and intraday. Support for short term is seen at 940 and resistance 1020. Intra day support is seen at 978 resistance at 1005.
• Market analysts said fresh positions built-up by speculators due to pick-up in demand in the spot market mainly led to the rise in cardamom prices at futures trade.