MCX Cardamom & Mentha Oil Daily Report: 10th August 2018

Insignia Consultants

New Delhi

Friday, August 10, 2018

TIME 10:05 AM IST                     

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MCX CARDAMOM AND MENTHAOIL DAILY REPORT

TECHNICAL VIEW

Cardamom 14th August 2018: (previous day close/CMP Rs.1125.00)

Support: 1075.60-1092.50-1109.60

Resistance: 1157.50-1174.40-1190

  • Severe floods in Kerala will surely result in loss of cardamom, pepper and other crops.
  • Cardamom (September future) can rise to 1450-1500 and more depending on the extent of damage done.
  • Trend is bullish with 1157.50 as key resistance.
  • Corrections upto to 1092 are a part of the bull rally.

Mentha Oil 31st August 2018:  (previous day close/CMP Rs.1649.50)

Support: 1540.60-1587.60-1605.60-1634.90

Resistance: 1696.90-1758.90-1832.30

  • There will be another wave of rise over 1664.20 to 1729.10 and 1758.90.
  • Sellers will be there below 1605.60.
  • Trend is bullish.
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
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NOTES TO THE ABOVE REPORT
ALL VIEWS ARE INTRADAY UNLESS OTHERWISE SPECIFIED
UK session starts around 1:00 pm Indian Standard Time (+5:30 GMT)
US session starts at 6pm pm Indian Standard Time (+5:30 GMT)
PLEASE NOTE: HOLDS MEANS HOLDS ON DAILY CLOSING BASIS
PLEASE USE APPROPRIATE STOP LOSSES ON INTRA DAY TRADES TO LIMIT LOSSES.
ALL PRICES ARE IN INDIAN RUPEE UNLESS OTHERWISE SPECIFIED
APPROPRIATE STOP LOSSES PER LOT IN INDIAN RUPEEES ON THE TRADING CALLS GIVEN IN THIS REPORTTHE TIME GIVEN IN THE REPORT IS THE TIME OF COMPLETION OF REPORT
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