Commodity	:	SPICES
Exchange	:	NCDEX
Perspective	:	Very Short Term

MCX JULY CONTRACT





TECHNICALS:
Candlestick formation reveals buyers participation in the market. Prices closed above 9 and 18-day EMAs thus supporting the bullish momentum in short term. MACD is moving up in the negative region and hints at a decline in bearish momentum. RSI is moving up in the neutral region and is supporting the bullish sentiments in the market. Cardamom is likely to trade with a firm bias.


OUTLOOK:
Participants may buy on dips.


INTRADAY TRADE RECOMMENDATION / SUPPORT AND RESISTANCES (MCX):





Do not carry forward the position until the next day.