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Last Updated : February 23, 2012 15:15:56

Cardamom positive for near term

Read more : cardamom,mcx

AHMEDABAD (Commodity Online): Cardamom prices at MCX, February contract continues uptrend on fresh buying sentiments in today's trading session as well.


It is trading in the range of 835.30-855 per k.g in today's trading session till now.


Cardamom Prices at MCX, February contract is having strong support at 805 level.


Cardamom Prices at MCX, February contract is having resistance at 887 level and trading above that it likely to touch 950 level.


Technically, 14 days RSI on Daily chart at 73 indicates upside trend in near future.


‘’Intraday traders can look for the opportunity to buy at lower levels”, said Milan Shah, Commodity Analyst with Commodity Online.


To get in touch with the Analyst on this report or to get a free trial on trading advisories call 079-40275050 or mail to tips@commodityonline.com


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MCX GOLD.995 05 June 2012 contract was trading at Rs 28259 , up Rs. 139 . What's your view on it?
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