EPIC RESEARCH NCDEX UPDATE OF COTTON 03 November 2016

Cotton trading range for the day is 18173-18513. Cotton prices dropped tracking weak spot demand after prices gained on anticipation of good demand for new season crop. The arrivals have begun in Gujarat, Madhya Pradesh and are expected to pick in Haryana where the ginners have called off their strike. For the current season, cotton arrivals in the country are pegged at 10 lakh bales as on 21st October, 2016. Cotton prices in spot market dropped by 400.00 rupees and settled at 18240.00 rupees. To get reliable and quality NCDEX Tips ✆ – 0731-6642300