MUMBAI (Commodity Online): Cardamom futures spurted Tuesday on the back of revival in demand spot market amid short supply. MCX cardamom April contract ended the session higher by Rs 11.80 at Rs 1,206.10 after hitting the high of Rs 1216.90 per 1 kg.

MCX cardamom April contract gained further Rs 16.70 or 1.34 percent at the session high of Rs 1222.80 a kg and the counter now quoting at Rs 1210.18 level. The open interest added 3.12 percent to 738 lots, indicating fresh buying. The 14-day RSI increased to 59.90 level.

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Technically, the contract closed above the short term and long term EMA's, short term and long-term trend is firm. The 14-day RSI surged in the neutral zone are supporting the firm trading in near term. The 14-day RSI ended at 57.11.

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