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9810226906
Insignia Consultants
New Delhi
Monday, June 10, 2019
TIME 8:38 AM
IST
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MCX CARDAMON
JULY 2019
|
MCX CARDAMOM
15TH JULY 2019 (Current price/previous day close 2317.50)
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||||||||||
|
S5
|
S4
|
S3
|
S2
|
S1
|
|
R1
|
R2
|
R3
|
R4
|
R5
|
|
1845.90
|
1894.20
|
2071.90
|
2100.00
|
2264.60
|
|
2376.40
|
2438.50
|
2505.70
|
2573.90
|
2696.00
|
|
All technical are for
reference only
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Monsoon rains have just arrived in Kerala. Progress of rains
and quality of rains will affect cardamom prices. Roll over and position
squaring and rebuilding of June future can increase volatility this week.
Key weekly support: 2100.00
Key weekly resistances: 2505.70
Cardamom needs to trade over 2100 this week to rise to 2505
and 2764. Sell off will be there below 2100. If cardamom has a daily close
below 2100 for three consecutive days, then chances of 1596.80 will be very
high in the short term. (by next week). Supply side pressures will ensure that
cardamom fall (if any) will not sustainable.
Futures
trading is risky. Remember it is your money.
Disclaimer: Any opinions as to the commentary, market
information, and future direction of prices of specific currencies, metals and
commodities reflect the views of the individual analyst, In no event shall
Insignia Consultants or its employees
have any liability for any losses incurred in connection with any
decision made, action or inaction taken by any party in reliance upon the information
provided in this material; or in any delays, inaccuracies, errors in, or
omissions of Information. Nothing in this article is, or should be construed
as, investment advice. Website www.insigniaconsultants.in.
Prepared by Chintan Karnani
Disclosure:
Everyone in team Insignia Consultants makes investment in delivery based trades
on stocks listed in BSE and NSE.
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We do not have any marketing agents in any city in India
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necessary. Save Paper. Save Trees."
NOTES TO THE ABOVE
REPORT
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UNLESS OTHERWISE SPECIFIED
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