Cardamom futures jumped by more than 1.5% during noon trade in the domestic market on Thursday as investors and speculators booked fresh positions in the agri-commodity amid a pickup in physical demand for cardamom in the domestic spot market.

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 At the MCX, cardamom futures for October 2016 contract is trading at Rs 1176 per kg, up by 1.51 %, after opening at Rs 1170, against a previous close of Rs 1158.50. It touched the intra-day high of Rs 1190.1.Cardamom on MCX settled up 0.26% at 1135.3 because of tight stocks and good demand for festive and marriage seasons.

                                 Domestic consumption is expected to be about 12,000-15,000 tonnes. Technically market is under fresh buying as market has witnessed gain in open interest by 1.01% to settled at 799 while prices up 2.9 rupee, now Cardamom is getting support at 1130.3 and below same could see a test of 1125.3 level, And resistance is now likely to be seen at 1144.1, a move above could see prices testing 1152.9.