Cardamom futures rose during morning trade in the domestic market on Monday as investors and speculators build up fresh bets in the agri-commodity amid rise in physical demand for cardamom in the domestic spot market.

 Further, insufficient supplies on restricted physical arrivals from the major cardamom producing regions, supported the upward trend in the domestic cardamom prices. At the MCX, cardamom futures for January 2017 contract is trading at Rs 1391 per kg, up by 3.41 per cent, after opening at Rs 1351, against a previous close of Rs 1345.10. It touched the intra-day high of Rs 1398.

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                      Trading Ideas

1. Cardamom trading range for the day is 1315.9-1369.5.

2. Cardamom prices dropped amid fall in physical demand for cardamom in the domestic spot market.

3. Cardamom prices in spot market dropped by 8.00 rupees and settled at 1336.80 rupees.

4. Cardamom on MCX settled down -0.47% at 1345.1 amid fall in physical demand for cardamom in the domestic spot market.