EPIC RESEARCH NCDEX UPDATE OF COTTON 08 November 2016

Cotton trading range for the day is 18243-18643. Cotton settled flat amid weakness in spot demand on rising domestic fibre arrivals. Around 80,000 bales of cotton have been arriving across India which is expected to cross 100,000 bales in coming days. The CAI hiked forecast of cotton crop for the 2016-17 by 2% to 34.5 million bales as compared to previous year. Cotton prices in spot market dropped by 40.00 rupees and settled at 18330.00 rupees. To get reliable and quality NCDEX Tips ✆ – 0731-6642300