Equity Tips: Cotton Trading Range For The Day Is 19950-20530

Cotton on MCX settled down by -2.13% at 20170 on expectation of higher arrivals and sluggish demand at higher prices. Arrivals increased to 208,000 bales per day, highest daily arrivals in last one month. The physical market arrivals are estimated to be adequate in near-term despite of slight delay in arrivals.

 

Trading Ideas:

 

* Cotton trading range for the day is 19950-20530. 

 

* Cotton prices ended with losses on expectation of higher arrivals and sluggish demand at higher prices. 

 

* Arrivals increased to 208,000 bales per day, highest daily arrivals in last one month. 

 

* The physical market arrivals are estimated to be adequate in near-term despite of slight delay in arrivals.

 

* Cotton prices in spot market dropped by 390.00 rupees and settled at 19500.00 rupees.

 

Get More Trading Tips So Click Here >> Commodity Tips And Give A Missed Call On @ 7089009189 And Like This Page >> Investment Visor.

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