Buy Cardamom, Cocud; sell Pepper: Geojit Comtrade

Cardamom May MCX: If prices are able to sustain above 1200, then a positive bias is favoured. It has to break above 1235 for the upside rally to dominate towards 1250 followed by 1275 levels in the near term. Moreover, prices are trading well above 13, 22, 45 day EMAs suggesting an upside momentum to continue for the day. However, only a break of below 1150 is needed to negate our bullish view.

Pepper May NCDEX: Prices have been range bound for the last six weeks. Therefore, we expect to see the breaking of 36700 levels and triggering a sharp fall towards 36100 followed by 35000 levels. On the higher side, it has to break above 38600 for starting a new bullish wave. The momentum, then, is expected to continue towards 39000 and further towards 40000 levels in the near term.

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