EPIC RESEARCH NCDEX UPDATE OF REF CARDAMOM 23 AUGUST 2018

• Cardamom trading range for the day is 1324.3-1414.9.
  
• Cardamom dropped on profit booking after prices gained as there are fears of damage to standing crops and delay in new crop supplies.
• Stockists did not make buying on hopes of higher output and early commencement of new crop supplies.
• Heavy monsoon rainfall that has caused damage to plantation thereby resulting in crop loss and downward revision of earlier made higher crop estimates.
• Cardamom prices in spot market gained by 149.50 rupees and settled at 1282.80 rupees.
• BUY CARDAMOM SEP 2018 @ 1340.00 SL 1310.00 TGT 1370.00-1400.00.MCX

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