Sell Cardamom on rally, says Geojit Comtrade

Goejit Comtrade has come out with its report on Cardamom and Gur. According to the research firm, one can sell Cardamom and Gur on pullbacks.

Pepper Nov NCDEX: Prices failed to maintain the bullish momentum as selling pressure from 44445 brought down prices to 44200 regions. Meanwhile, Doji formation in daily chart is rendering an indecisive phase for the day. So, it has to breach above 44500 to take prices in to upward trajectory towards 44800 or even higher to 45200. Contrary, a break below 43900 could see profit booking until 43500 levels.

Cardamom Nov MCX: Prices continued its previous trend and closed last session at 836 levels. For the day, expect a prolongation of sell off towards 800 regions. Besides, an augment in volume coupled with positive signals from daily RSI also reinforce the intraday outlook. However, if unable to break below 830 could trigger short covering rallies towards 855 levels.

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