EPIC RESEARCH NCDEX UPDATE OF COTTON 16 November 2016

Cotton trading range for the day is 18730-19530. Cotton prices gained due to improved demand for new season crop from textile mills and ginners. However expectation of shortfall in cotton supply in Gujarat and Maharashtra due to liquidity crunch limited thw downside. India's 2016-17 exports are expected to rise to 4.20 million bales from 3.90 million bales compared to previous month's forecast, USDA said. Cotton prices in spot market dropped by 540.00 rupees and settled at 18890.00 rupees. To get reliable and quality NCDEX Tips ✆ – 0731-6642300