Showing posts with label intraday/Delivery calls. Show all posts
Showing posts with label intraday/Delivery calls. Show all posts

Monday, 24 November 2014

MCX CARDEMOM PRICES FALLS BY 1%


Free Agri Tips,Future trading tips, intraday/Delivery calls, Agri Commodity Tips
Cardamom falls by 1% on subdued demand
Cardamom prices fell 1.05% to Rs 852.60 per kg in futures trade today as speculators trimmed positions amid subdued demand in the spot market at existing higher levels.

At the Multi Commodity Exchange, cardamom for delivery in December fell by Rs 9.10, or 1.05%, to Rs 852.60 per kg in a business turnover of 328 lots.

Similarly, the spice for delivery in January 2015 shed Rs 8.20, or 0.91%, to Rs 883.50 per kg in 69 lots.

Cardamom bearish on sufficient supply
Cardamom is Bearish for short term and intra day.Support for short term is seen at 790 and resistance 910. Intra day support is seen at 850 and resistance at 868.

The maximum prices stood at Rs.1033 per kg. As per report from traders,cardamom output is estimated to be 20000 tonnes against 22000 tonnes a year ago,and against a forecast of 14000-15000 tonnes made in June.

Wednesday, 29 October 2014

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