MCX Cardamom Live Price Today
Here is the latest mcx cardamom live price analysis and charts.
MCX Cardamom Live Price as on 15/01/24
Last Price | Open | High | Low | P.Close | Volume |
|---|---|---|---|---|---|
1470.10 | 1470.10 | 1470.10 | 1470.10 | 1470.10 | 0.00 |
On the MCX, cardamom futures price change is about 0.00% to previous day close 1470.10. The total volume of shares traded is 0.00.
Over the last one week cardamom price change is about Paid Members%. Over the last 30 days, the price change is about Paid Members%.
MCX Cardamom Live Price Chart
MCX Cardamom Trading System 1 :
How to Trade the MCX Cardamom Intraday Signals Live Price Chart
BUY Trade Entry | Green up arrow & candle stick must trade above the yellow trend line. |
BUY Trade Exit | Trail Stop-loss as per green dotted lines or stop loss price given in text box or when a candle stick crosses below the yellow trend Line |
SELL Trade Entry | Red Down arrow & candle stick must trade below the yellow trend line. |
SELL Trade Exit | Trail Stop-loss as per red dotted lines or stop loss price given in text box or when a candle stick crosses above the yellow trend Line |
We also expect the commodity cardamom futures to react on the above support and resistance levels for today.
*The below MCX Cardamom Live Price Charts are updated every 10 mins with auto refresh.
MCX Cardamom Trading System 2 :
How to Trade the MCX Cardamom Multiple Super Trend Chart
BUY Trade Entry | When both super trend indicators are in uptrend. In other words two green stop loss lines below the candlestick. |
BUY Trade Exit | When either of the super trend goes in downtrend. |
SELL Trade Entry | When both super trend indicators are in downtrend. In other words two red stop loss lines above the candlestick |
SELL Trade Exit | When either of the super trend goes in uptrend. |
We have further improved the famous super trend strategy by using two different super trend indicators for generating trade call signals. The strategy increase profits by almost 70% by using two super trend indicators and also helps in exiting fast from the market when the trend is not intact.
MCX Cardamom Price Technical Analysis
Quant's Today Trend score for MCX Cardamom is Paid Members
* A trend score of greater than 5 signals that the commodity is bullish for the day while trend score of less than 2 signals bearish trend*
Indicator | Value | Signal |
|---|---|---|
RSI | RSI is Paid Members | Paid Members |
MACD | MACD : Paid Members Signal Line : Paid Members | Paid Members |
Stochastic | %D is Paid Members %K is Paid Members | Paid Members |
MFI | Paid Members | Paid Members |
Aroon | Paid Members | Paid Members |
Bollinger Band | BBTop is Paid Members BBBot is Paid Members | Paid Members |
Simple Moving Average Short Term | SMA(15) is Paid Members | Paid Members |
Simple Moving Average Mid Term | SMA(45) Paid Members | Paid Members |
Simple Moving Average Long Term | SMA(100) Paid Members | Paid Members |
MCX Cardamom Interactive Real Time 5 Mins Intraday Chart
MCX Cardamom Overview
India is an agricultural economy, though it has reduced its dependency on farm produce and trade. Many Indian spices and other Agri products are traded well on MCX.
Cardamom has been widely used since ancient times and is known for its aroma and flavor. It is not only used in dessert and tea preparation but has some medicinal benefits as well as treating gum disorders and toothache, treating indigestion, etc.
Its aroma and several uses have made this spice popular. Small cardamom is commercially grown in plantations in high altitudes in the evergreen forests of the Western Ghats.
Guatemala is the leading world producer and also the largest exporter of the cardamom. India is the second-largest world producer of cardamom, and it is also a significant consumer of it in the world.
Factors affecting the price of cardamom
The price of cardamom keeps fluctuating and is affected by several factors. The various factors that influence the price of this spice are:
- Quality of the crop like its freshness, color, and size
- Annual production of the crop in India
- Annual production of the crop in the world
- Seasonal Fluctuation in demand.
- Time of the arrival of a new crop
- Year ending stock of the crop
All these factors contribute to the price fluctuation of this spice.
The traders trading in Agri commodities on MCX should have a good understanding of Monsoons and harvest cycles of the crops.
India has mainly two monsoon seasons:
- The South-West Monsoons
- The North-Eastern Monsoons
The SW monsoon commences from June/July and ends in September/October. The crops sown in this season are called Kharif Crops. The NE Monsoon commences from December and ends in March. The crops sown in this season are Rabi crops. Cardamom is a Kharif crop.
It is essential to know the rainfall pattern and what crop is the Agri commodity is to know when the new crop will come in the market.
Another factor to be considered while trading Agri commodity is liquidity. Cardamom is viewed as a liquid commodity. It does not have two variants on MCX, unlike many other products, so traders will not find Cardamom Mini on the MCX platform.
Agri commodities are considered as volatile, and they tend to hit the circuit limits frequently. Due to this reason, there is no MIS margin available for any Agri commodity. Even for intraday trades, traders have to trade NRML.
Contract Specifications of Cardamom
Symbol | CARDAMOM |
Description | CARDAMOMMMYY |
Contract Listing | Contracts are available as per the Contract Launch Calendar |
Contract Start Day | 16th day of the contract launch month |
Last Trading Day | 15th day of the contract expiry month |
Price Quote | Per kilogram |
Lot size | 100 kgs (1 quintal) |
Tick Size | 0.10 Per Kg |
Profit/Loss made for every ₹ 1 change | Rs. 100/- |
Trading Period | Monday to Friday |
Trading Timings | 10.00 am to 5.00 pm |
Commodity Group | Agri Commodities |
Instrument Type | COMMODITY FUTURES |
Initial Margin | Minimum 4% or based on SPAN whichever is higher. |
Contract Launch Calendar
Contract Launch Months | Contract Expiry Months |
|---|---|
August | January |
September | February |
October | March |
November | April |
December | May |
January | June |
February | July |
March | August |
April | September |
May | October |
June | November |
July | December |
* Contract Launch Calendar Source MCXINDIA https://www.mcxindia.com/home
MCX Cardamom Price History
Date | Price | Open | High | Low | Volume |
|---|---|---|---|---|---|
Paid Members | Paid Members | Paid Members | Paid Members | Paid Members | Paid Members |
Paid Members | Paid Members | Paid Members | Paid Members | Paid Members | Paid Members |
Paid Members | Paid Members | Paid Members | Paid Members | Paid Members | Paid Members |
Paid Members | Paid Members | Paid Members | Paid Members | Paid Members | Paid Members |
Paid Members | Paid Members | Paid Members | Paid Members | Paid Members | Paid Members |
Paid Members | Paid Members | Paid Members | Paid Members | Paid Members | Paid Members |
Paid Members | Paid Members | Paid Members | Paid Members | Paid Members | Paid Members |
Paid Members | Paid Members | Paid Members | Paid Members | Paid Members | Paid Members |
Paid Members | Paid Members | Paid Members | Paid Members | Paid Members | Paid Members |
Paid Members | Paid Members | Paid Members | Paid Members | Paid Members | Paid Members |
Get MCX Live Price of the major commodities listed on the multi-commodity change of India. Technical Live Price analysis & price charts of the commodity MCX Cardamom is researched every day and updated daily.
