EPIC RESEARCH NCDEX UPDATE OF COTTON 11 November 2016

Cotton trading range for the day is 18270-19170. Cotton prices gained after US department of agriculture (USDA) hiked India's 2016-17 exports. India's 2016-17 exports are expected to rise to 4.20 million bales (1 bale = 480 lb) from 3.90 million bales. All India arrivals were around 100,000 bales (170kg each) from 137,000 bales previous session. Cotton prices in spot market gained by 70.00 rupees and settled at 18350.00 rupees. To get reliable and quality NCDEX Tips ✆ – 0731-6642300