Sell Cardamom below Rs 1010: Geojit Comtrade

Pepper Oct NCDEX: Pepper prices traded extremely sideways and after making a low of Rs 42750 closed the day’s session at Rs 43250 levels. As prices closed above Rs 22, 45 day’s EMA support, the trend appears to be positive and expect a rise in prices towards Rs 43500 followed by Rs Rs 43800 levels for the day. However, any trades below Rs 42300 could turn the market to negative territory.

Cardamom Oct MCX: Cardamom prices traded lower and finally settled the day at Rs 1018.5 levels. A trend line support is seen at Rs 1010 levels, break of the same with considerable volume could see a major sell off towards Rs 985 followed by Rs 960 levels during the day. On the other hand, inability to do so could see a pullback rally towards Rs 1040 levels.

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